I European lists they close in deep red and the spread restarts upwards under the blows of the words of Ben Bernanke which last night signaled the end of stimulus policies by mid-2014. Added to this are signs of a slowdown in China: according to the flash index of Hong Kong & Shanghai Banking Corporation in June the PMI (Purchasing Managers Index), an indicator of manufacturing industry activity, fell to 48,3, the lowest figure since last October.
Down too Wall Street (Dow Jones -1,47% and Nasdaq -1,52%, at the close of Europe), which archives some conflicting macro data. The Philadelphia manufacturing index jumped to 12,5 points from -5,2 points in May, well above analysts' expectations. The data on new home sales was also better than expected, while the super-index leading the economy rose less than expected. Conversely, in the Eurozone, consumer confidence leapt in June, rising by 3 points to -18,8 from -21,9 in May.
Milan loses 3% and achieved the negative record since the beginning of the year: it is in fact the only place among the main ones to lose since the beginning of the year with -4,5%. Tensions on government bonds are back with the spread climbing back to almost 390 basis points. Tomorrow is the day of the Three Witches with the quarterly maturities of securities, options and futures. War field also on other squares: London loses 2,98%, Paris -3,7%, Frankfurt -3,3%. The euro trades at 1,319 dollars and oil drops 2,82% to 95,46 dollars a barrel.
A Business Square, marked by several suspensions, the banks plummeted with Bper at -8%, in the wake of rumors about an inspection underway by Bankitalia, Bpm (-5,4%), Unicredit (-4%) and Intesa Sanpaolo ( -4,6%). On the front of European banks there is new negative news: a report by the Bank of England indicates that five British banks, including Barclays, Lloyds and Rbs, need fresh capital for 13,7 billion pounds.
Down too Fiat -5%, however, this is in line with the auto sector, down by 4,5%. After a brief rebound yesterday, Saipem is once again losing ground and shed 5%, bringing the drop to 33% since Monday's earnings alert. Telecom -4,6% after the details on the unbundling of the network explained yesterday in the Senate by President Bernabè.
Finmeccanica it slipped by just 0,555 benefiting from new orders for 450 million. Sales on Rcs which pays for the volatility for the current increase: the share yields 13% with very strong volumes on rights which drop by 49,4%. Bucking the trend on the ftse Eb only Exor + 0,25%.
