Cars, oil and utilities weigh on European lists, which have slowed since the start.
In Milan, the FtseMib index fell by 0,88%, in line with Paris. The losses for Frankfurt -0,6% and London -0,5% are slighter. The worst is Madrid -1,1%.
Speaking at the EU Commission in Brussels on ECB President Mario Draghi he said that "the latest data confirm that the economic recovery in the euro area is progressing moderately" showing that the activity has "some degree" of reaction to external influences that tend to weaken demand. But “the downside risks are clearly visible”. Draghi reiterated that “if we conclude that our medium-term price stability objective is at risk, we will act using all available tools”.
After the speech, the Btp/Bund spread is under 100 points, the euro slips to a minimum of 1,0691 dollars.
Janet Yellen and other members of the Federal Reserve will speak tonight.
Among the not many titles in positive ground it stands out Telecom Italy +1,1%, supported by rumors according to which Vivendi is studying the purchase of a further package of shares to recover 20% of the capital after the conversion of the savings.
Mediaset -1% instead the attempt to rebound fails after yesterday's -10%.
Automotive falls in Europe -1,2%. Fiat Chrysler falls by 2,5%.
Exor it lost 4,6% to 42,75 euros. Yesterday evening, after the closing of the Stock Exchange, the company placed 12 million treasury shares, equal to 4,87% of the capital, at 42,6 euros per share.
Finmeccanica -0,8% StM + 0,3%.
Oil and utilities are also down: Eni drops by 0,7%, Tenaris -0,6% Saipem -2%.
Enel drops by 0,9%, Enel Green Power +0,4,%.
Banks in no particular order. The day after the presentation of the business plan, the shares are down Unicredit -3,4%.
Contrast other banks: Understanding + 0,6% Mount Paschi -1,6% Ubi -1%. The best is Pop.Emilia + 2,1%.
Asset management sales: Azimuth -1,2%.
They are advancing in the luxury sector Tod’s +2,5%, promoted by Kepler Cheuvreux to Hold by Reduce e Yoox-Net-à-Porter +3,4% after the CEO Federico Marchetti increased the stake to 6,1%.
Finally, there was a shower of sales on some medium caps.
The landslide continues Astaldi -4,2%.
Sharply down Maire Tecnimont -10% and Rcs Media Group -8%.
The decline continues Fincantieri -4%, on new historic lows.
Well on the contrary Salini Impregilo + 2,1% d'Amico +1,8% and drum + 1,7%.
