DIVE FINAL. THE WORST BUSINESS PLACE
HEAVY TELECOM, FINMECCANICA AND UNICREDIT
Wall Street brakes, the European stock exchanges deflate. And Milan, as usual, loses the most.
In Milan the FtseMib drops by 2,28% to 15.200. London loses 0,98%, Paris -1,22%, Frankfurt -0,78%, Madrid drops 1,91%.
The negative de figure weighs on the marketsthe US labor market. Private sector jobs in America increased by only 158.000 in March, against expectations of 200 new hires. Furthermore, the Ism index which anticipates the performance of the services sector over the next three months fell in March to 54,4 from 56 in the previous month, ending up below the expectations of economists who on average indicated 55,5.
Il Dow Jones down 0,4%, S&P -0,7%, Nasdaq -0,5%.
On the government bond market, the Btp to 10 years, trading at a stable yield at 4,58%. The spread is at 331.
THEeuro it is stable against the dollar at 1,282.
In Europe, the greatest losses concern mining and stock holdings raw material (Stoxx of the sector -1,9%), telecommunications (-1,7%) and banks (-1,5%).
In Business Square the fall of Telecom Italia weighs heavily, down by 5,38%. The stock was downgraded from buy to sell by UBS along with France Telecom which lost 4,7%.
Fiat -0,93% reversed course towards the end and closed down after having reached a maximum of 4,194 euros.
In the face of a car market down 4,9% in Italy in March Fiat recorded growth of 5,3%. The market share rises by 2,8% to 28,75%.
Heavy too Finmeccanica which drops by 4,34%. The Indian army has asked for a halt to the contracts for the supply of 197 light helicopters to shed light on the alleged bribes relating to the auction from which Finmeccanica was excluded.
Between the banks, Unicredit loses 4,08%, Intesa -2,4%, Banco Popolare -5,54%, Bper - 5,44% MontePaschi -2,78% despite the ban on short selling, Ubi -43,76%.
The government of Mozambique is preparing a fiscal intervention to keep in the country a part of the 4,2 billion dollars that Eni -2,33% will collect with the sale to the Chinese CNPC (China National Petroleum Corporation) of 20% of the gas field Area 4.
The price of Petroleum is in sharp decline: Brent lost 1,3% to 109,1 dollars a barrel after the figure showing a surprising growth in US hydrocarbon stocks, which rose to their highest level in the last 20 years.
Also down sharply Enel -2,85%.
Among the few rising Milanese blue chips, it stands out Parmalat +0,49%, Diasorin rises by 0%%. Mediolanum drops by 2,1%. Banca Generali reverses course -0,2% after a day on the rise thanks to good collection data in the first quarter.
Disappointing debut of the freshman Moleskine down by 2,09% to 2,252 euros on the day of its debut on Piazza Affari.
The shares of the company that produces and markets the famous diaries and other stationery items were placed at 2,30 euros. At current prices, Moleskine capitalizes on 488 million euros, i.e.: 6 times the turnover, 15 times the Ebitda and 25 times the 2012 profit.
