The banks drag the Milan Stock Exchange downwards and Piazza Affari closes down by 1,43%. Europe was also negative, albeit with more contained declines with the exception of di London -1,44%. Frankfurt -0,24%, Paris -0,56%that spread it remains at 238 basis points and a yield of 4,12%. Exchanges and spreads showed no signs of improving after that the auction of three-year government bonds which ended with all 3 billion placed and rates falling to the lowest since March 2013, 1,79% from 2,25%. The Treasury also placed 1,5 billion euro of BTP 2044 with a rate that stood at 4,99%, also down on the previous auction (5,19%). Overall, medium/long-term securities amounting to 5,468 billion were thus placed, just below the maximum of the range offered of 4,25-5,5 billion. Today, data from the Bank of Italy's public finance bulletin indicated that in September public administration debt rose to 2.068,565 billion from 2.060 in August and from 1.996,5 in September 2012.
On Wall Street, stock markets move in contrast around parity. Markets are eyeing future Fed Governor Janet Yellen's hearing tomorrow. After the words of the president of the Atlanta Fed, Dennis Lockhart, the market is wondering about the start of tapering as early as December. Operators are also thinking about the possibility that the Bank of England too could soon reduce the measures to support the economy. Meanwhile Jens Weidmann, head of the Buba and ECB adviser, who reiterated his opposition to moves that he considers too expansionary by the ECB and warned of the risks that could derive from low rates for a long time. In addition, in the morning he also depressed investors' moods by disappointment at the lack of details on the new reformist course announced by China.
In the day Eurostat then released data on industrial production in the Eurozone which dropped by 0,5% compared to August, worse than analysts' expectations. Throughout the EU, the decline stopped at 0,2%. At the individual country level, industrial production in Italy rose by 0,2% compared to August and fell by 3% compared to September 2012. Germany recorded a drop of 0,8% on a monthly basis and an increase in 1,3% on an annual basis. France, respectively -0,4% and -0,2%. The euro trades at 1,3454 dollars (+0,13%) and Wti oil rises by 1,35% to 94,3 dollars a barrel.
In Piazza Affari the banking sector collapses. Banco Popolare collapses by 6,09%, Mediobanca -4,57%, Unicredit -4,49%, Mediolanum -4,36%. Understanding -2,32%. However, the worst title is Mediaset -7,46%. Going against the trend, Wdf +4,42%, following the announcement that the top management of the company have revised upwards the turnover forecasts for 2013 from 2,05 billion to 2,06-2,08 billion after the dissemination of accounts for the first nine months. Ansaldo Sts +1,82%, Stm +0,9%. Telecom Italia -1,10%, on the day of the search by Consob together with the Guardia di Finanza in relation to the convertible bond issue and the procedures in progress for the sale of the equity investments held in Telecom Argentina.
