The end of the week in deep red for the European price lists. Weighs the upward trend of rates, the tug-of-war between the trade unions and industry in Germany, which resulted in one of the rare strikes in the economy across the Rhine. But also the wait for data on the US labor market out in the afternoon, decisive in the eyes of the Fed to kick off the rate hike.
A Business Square the Ftse Mib index fell by around 1,3%, to around 23.200 points, in line with Frankfurt, Paris and Madrid. London limits the decline to half a percentage point. The level of bond market rates. The German 0,72-year yield rose from 0,74% to 2015%, the highest level since 10. The 2-year BTP rose above 1,95% from yesterday's XNUMX%. The dollar recovers from the lows of this morning: cross 1,249.
Meanwhile, the collapse of the Bitcoin: -10% to 8 dollars, a price he hasn't seen since October. Indian Finance Minister Arun Jaitley has raised concerns about his country's regulatory tightening. Jaitley said in a speech that the government “does not consider cryptocurrencies to be fiat currency” and that it “will take all steps to eliminate the use of this currency linked to financing illegal activities or as a payment system”.
All sectors of the stock market are in the red: Automotive at the bottom (-1,5%), Oil & Gas among the best (-0,5%). Eni -0,6% Saipem -0,2%. Brent oil is approaching 70 dollars a barrel.
Il collapse of Deutsche Bank (-5,7% after the results) drags down the bankers. Intesa Sanpaolo it lost 1,8% despite the announcement of interest by the Chinese Cefc for the purchase of the non-performing loan processing facility. There are also other subjects in the race. Unicredit -2,3%. Mediobanca +0,2%, it received the authorization to use advanced internal models, in the measurement of capital requirements. B for Bank + 0,7%.
Among the industrialists it marks time Ferrari (-0,3%) after yesterday's boom (+7%).. KeplerCheuvreux raises the target price.
Fiat Chrysler -1,6% after the figure for Italian registrations which rose by 0,5% per year (+3,5% for the market).
Utilities pronounced sales: Atlantia -1,5% Enel -1,3%. In luxury it took advantage of Luxottica (-1,5%).
