He took advantage and prudence on the price lists in anticipation of tomorrow's ECB meeting and Mario Draghi's subsequent press conference. The PMI figure, which surprisingly rose in Italy, briefly supported the Ftse Mib which however resumed its downward path, closing down by 0,89%, Frankfurt down by 0,97%, London by 0,98% and Paris on 1,15 ,3%. France is rebelling against austerity: it has announced that it will not meet the deficit targets, 2017%, until 50,3 to put the country back on the path to growth. Merkel's response is ready: "The crisis is not over, countries do their homework - he said - The Stability and Growth Pact is so called because there can be no sustainable growth without solid finances". In the meantime, the Eurozone PMI ( Purchasing manager's Index) fell to 49,9 due to the slowdown in Germany which fell to 50,7. On the other hand, the figure for Italy rose surprisingly, reaching 49,8 from 138 in September after four consecutive slowdowns. The Btp Bund spread closed down at 1 basis points. Germany placed 51,1-year bunds with rates below 0,56% for the first time. In the morning, China's manufacturing PMI was stable at XNUMX. In Asia, technical incident on the Tokyo Stock Exchange: orders for a value greater than Sweden's GDP were sent by mistake. The index closed down XNUMX%.
The EU lists have worsened after the opening of Wall Street which travels in sharp decline at the closure of Europe. The better-than-expected data on new jobs in the private sector, ADP estimates of 213 against expectations of 204, had, as has often happened for some time, the opposite reaction on the price lists. In fact, the data triggered sales due to the expectation of a monetary tightening by the Federal Reserve, the pace of which, as Janet Yellen has repeatedly indicated, will depend on the trend of the recovery. On the other hand, the data on the manufacturing ISM disappointed, falling to 56,6 below the estimates. Sales on Fannie Mae slump 35% after the Treasury rules that profits go to the Treasury. The euro is trading against the dollar at 1,2617. Now the markets are looking at the details on Draghi's ABS plan. According to the Financial Times, the ECB president could extend the purchase of ABS to the securities of Greek and Cyprus banks.
In Piazza Affari the worst stock is Saipem, -4,10% with Brent oil which is at the lows of July 2012. Wti oil rises by 1,76% to 92,76 dollars a barrel. The second worst stock in the Ftse Mib is Yoox which loses 3,03% on the day of Zalando's debut in Frankfurt which, after strong fluctuations, deflates in the final. Fiat sells 2,55%, still affected by the stop by the EU Commission which established that the tax treatment reserved by Luxembourg to Fiat constitutes state aid. Prysmian -2,38%, Mediaset -2,11%. The Benetton galaxy and the banks are highlighted on the Ftse Mib. Wdf rose by 1,82%, Autogrill by 1,20%. Mediobanca, second best stock, rose by 1,47%, Banco Popolare by 1,46% and Bpm by 1,09%.
