HOLDING BACK THE ECONOMY, ACCELERATE THE UKRAINE CRISIS
BRUSH DOWNS IN EUROPE. POPULAR PEOPLE UNDER FIRE
It gets worse the Ukrainian crisis and the bulletin of the victims lengthens. They multiply, from China to the Eurozone, signs of economic slowdown. And inflation remains well below central bank targets.
In this context, the slowdown in price lists is not surprising. In Milan the FtseMib index drops by 1,38% to 21482.
La Paris Stock Exchange down 1,12%, Frankfurt +1,42%, Madrid -0,9%. The London Stock Exchange is closed today for public holidays.
Continue instead the march of government bonds. The 3,02-year yield dropped this morning to 158%, new all-time low, spread unchanged at XNUMX.
La Commission released the new growth forecast for the euro area for 2015, corrected to +1,7% from +1,8% in the previous February forecast. The 1,2% growth forecast for this year remains confirmed. As regards inflation, the Commission's forecast is for a rate of 0,8% this year and 1,2% in 2015, still far from the ECB's objective of "just under 2%".
However, the rise in wheat (+1,9%) to the highest levels of the last 13 months should be noted: Russia is the fifth world exporter of wheat, followed by Ukraine.
The Sentix index, which summarizes the trend in the "sentiment" of investors in the euro area, fell to 12,8 in May, from 14,1 in April.
In Piazza Affari the biggest drops concern Mediaset -3.85%.
It also moves back Popular Milan -2,78% on the starting day of the capital increase.
On the eve of the board meeting on the probable capital operation Banca Popolare dell'Emilia Romagna loses 3.46%.
Mount Paschi -3,5%. Banco Popolare does worse – 3,78%.
In decline Unicredit -1,95% and Entente -1,22%.
Among the insurance companies, Generali drops by 0,9%: Fitch has raised its outlook to stable from negative. UnipolSai -0,89%.
Fiat -1,72%, in line with the performance of the Stoxx automotive index, on the eve of the presentation of the new business plan in Detroit.
Cnh Industrial drops 1,85%, Pirelli -1,24%.
Down too Finmeccanica -1,8% and StM -1,17%.
Enel also down -1,33% e Telecom Italy -2,32%.
Finally, reductions also for Eni -1%, Saipem -1,42% and Tenaris -1,42%.
The only title in positive ground is Terna + 0,31%.
