BUSINESS SQUARE SUFFERS, US EXCHANGES BOUNCE
ITALMOBILIARE AND FERRAGAMO SHINE IN MILAN
Wall Street starts again after the shower of sales on tech titles. Europe suffers after last week's gains.
In Milan, worst European performance, the Ftse Mib index, after yesterday's drop it marks -1,48% to 21667. London -0,51%, Paris -0,25% and Frankfurt -0,21% improve in the final. are down by 0,8%, Madrid -1,1%.
The wait for the intervention of the European Central Bank and the euro appreciates against the dollar to 1,38 from 1,374 yesterday. On the bond market, the 10-year BTP is unchanged at a yield of 3,20%. In the forecasts of the IMF, the Italian economy, fresh from two years of severe recession, will grow by 0,6% this year after a contraction of 1,9% in 2013 and 2,4% in 2012, an estimate unchanged compared to previous January update but lower than major euro area partners.
The United States Stock Exchange raises its head after two sessions down where the tech stocks were hit above all: Dow Jones and S&P500 gain 0,4% while the Nasdaq rises by 0,9%.
Tonight, with the markets closed, the quarterly season of the big names in theS & P500. We start as usual with Alcoa, up 1% today: Deutsche Bank raised its recommendation to Neutral from Sell because it expects positive signals from the business.
In Milan the banks are suffering, starting from Monte Paschi Bank - 4,04%. Banco Popolare -3% Where's Banca -3% Unicredit -2,6% Black day also for asset management and insurance companies: Mediolanum leaves 3,5% on the ground. UnipolSai -3%. Mediaset is down by 4,48% while the Stoxx index of media companies shows a decrease of 1,7%. Telecom Italy loses 3,47%, worst performance of the Stoxx index of European telecommunications companies.
Enel it left 0,6% in the crowd, despite the announcement of a close alliance with the Chinese State Grid to fight pollution in the main factories of the People's Republic. Marked losses also among the industrialists
Fiat -2,1%, StMicroelectronics -2,1% and Finmeccanica -2,6%. Maire Tecnimont ended the session down 4,8%. The stock was negatively impacted by Kepler Cheuvreux's decision to cut the Hold da Buy recommendation. The previous target price was set at 2,10 euros. There is no shortage of stocks in positive territory: Ferragamo rebounds +4,87%, the stock has lost approximately 25% from its November highs.
Yoox ends session up 0,6% at 23,48 euros after a sharp drop that had pushed the quotation to the new low since October at 22,82 euros. Volumes are growing strongly: 2,3 million shares were traded, 1 million more than yesterday.
Espresso rises by 3,3%. The positive momentum of Cir+2,87% continues after the sending of the letter by the banks to transform the receivables into shares of Sorgenia, the energy subsidiary in a liquidity crisis. Italmobiliare is still growing, achieving a rise of 5,31%. Finally, Mondo TV rose by 7,52% which is added to the rise on the eve of yesterday's announcement of a preliminary agreement with the Chinese Guangdong Alpha animation.
