Le European stock exchanges they have again begun to lose ground after yesterday's rebound. The worst is Milan: - 1,15%, Ftse Mib index at 18.933.
Some tension on the government bond market: the BTP at 10 years it is traded at a yield of 4,19%, the spread widening to 245 (+7 basis points). Spain now leads us by 3 points.
Paris is down by 0,22%, Frankfurt by 0,05%. Madrid marks a more marked decline: -0,81%. Plus sign for European price lists outside the euro area: London +0,09, Zurich +0,22%
THEIfo index which measures business confidence in Germany, decreased in October to 107,4 from 107,7 in September. It is the first drop in six months now.
In the third quarter of the year the gross domestic product of Great Britain it rose 0,8%, in line with expectations. On an annual basis, GDP rose by 1,5%.
Today in the United States the trend of durable goods orders and the consumer confidence index estimated by the University of Michigan are on the calendar.
Il dollar continues to weaken: the euro/dollar exchange rate is at 1,381 this morning, from 1,380 at yesterday evening's close.
The weakness of the US currency is starting to weigh on the accounts of European companies. Quarterly reports are getting worse Electrolux (-7,3%), Volvo (-5%) And Renault, which also drags down Fiat (-1,48%, quarterly scheduled for day 30). I lose hits, the giant of luxury Kering (ex Ppr), -3,5%. In the wake of the transalpine group that controls Gucci, he retreats Ferragamo (-1,79%). Tod’s -3,28%
Among the banks, Unicredit lose 1,2%, Understanding -0,49% Mount Paschi -1,83%. Insurance falls: Generali -1,33% Fondiaria-Sai -1,29%.
Telecom meltdown, suspended in the volatility auction with a drop of almost five percentage points, despite the fact that attention to the company remains high, given that a battle to the last vote is already underway in view of the shareholders' meeting which will most likely be called by the next board of directors. The hypothesis, put forward by Corriere della Sera, that the company could sacrifice the dividend to start investing in the broadband network weighs heavily.
A2A -3,38%: the Municipality of Milan has not yet decided whether to take the share capital of the company in which it holds 27,5%, said the mayor Giuliano Pisapia. Reverse back into positive ground Enel (+ 0,06%).
The new winds of political crisis blow over Mediaset -3,48%.
The Bombassei family placed 2,99% as announced Brembo (-3,45%) with Italian and foreign institutional investors. The total consideration is approximately 39,2 million.
After yesterday's slide, triggered by the placement of 9% of the capital by the Benettons with institutional investors, shares are still weak Rest (-2,13%), while those of wdf.
Amplifon it dropped 3,7% after the disappointing indications of Cheeuvreux, who lowered the target to 3,3 euros from 3,5 euros, confirming the "reduce" recommendation.
Outside the main basket, however, the shares of the company started running again Juve (+6%) and of Roma (+ 2,4%).
