The main European stock exchanges are starting in the red after the disappointing data on the GDP of France and Germany. France's GDP fell by 0,3% in the fourth quarter of 2012, compared to the previous month (when it had marked +0,1) and to the same period in 2011. The French economy recorded zero growth in 2012. Furthermore, the French Economy Minister, Pierre Moscovici, admitted that the forecast for France's 2013 GDP, currently estimated to grow by 0,8%, "will have to be rethought". Germany's GDP fell by 0,6% in the fourth quarter compared to the previous quarter when it had registered +0,2%. After these data, the euro-dollar exchange started down to 1,34 against the dollar. The spread opens at 272 basis points and a yield of 4,39%, Milan drops 0,15%, Frankfurt 0,18%, London 0,05%, Paris 0,15%. In Madrid (-0,53%) trading on Bankia shares was suspended shortly before the opening.
The Tokyo Stock Exchange, on the other hand, closed positive despite the disappointing Japanese GDP data: -0,4% in 2012 and -0,1% in the fourth quarter, the third consecutive year of red which confirms the recession. Tokyo closed trading at +0,50% with the weakening of the yen on expectations of other monetary moves to support the recovery of the Japanese economy. Asian stock markets are positive after the Bank of Japan confirmed the 100 trillion yen asset repurchase plan to support the economy and market liquidity.
In Piazza Affari, the Bpm rises by 2,60%, best stock of the Ftse Mib, Finmeccanica +2,13% following the board of directors who appointed Pansa CEO with all the powers of Orsi and despite the beacon lit by the rating agencies. Mediobanca +1,40%, Saipem +1,34% which yesterday presented the data for the fourth quarter. Mps +1,30%. While the prosecutor's investigation continues, rumors on the market of a possible interest by Bnp Paribas for Rocca Salimbeni are gaining strength. The largest drops on the Ftse Mib are from Mediaset -1,04%, Telecom Italia -1,02%, Fiat Industrial -0,52%, Generali -0,45% and Autogril -0,43%.
