After closing with a minus sign last night for Nasdaq and Dow Jones, negative opening for European stock exchanges, all below zero. Shortly after 10am, Milan recovered some ground (-0,46%%), getting close to breaking even. Among the worst stocks, Mediolanum (close to -2,28%) and Stmicroelectronics, which lost more than two and a half points. Banco Poplare did well, +2,34%.
The main unknown factor of the day is the outcome of the European stress-tests on banks, which in any case shouldn't give negative results for Italian institutions. Weighing on all the markets, then, the uncertainties on the American debt (with the agencies threatening to downgrade the rating) and the persistent turbulence in Greece.
Yesterday's BTP auction was a strong signal on the Italian debt situation, with spreads jumping to 293 with a rate of 5,90%: Piazza Affari could not help but be affected. An evidently fragile counterweight is represented by the manoeuvre, which today arrives in the Chamber in a climate of national harmony.
