OIL IN FREE FALL, EXCHANGES IN BRAKING. YOOX AND MONDADORI FLY, CNH GOES OFF
Stock markets slow down in the afternoon under the pressure of several factors: 1) the drop in crude oil (minimum for 4 years) which weighs on oil; 2) tensions between creditors and Greece, which forced the postponement of the agreement with Athens; 3) the least activity on Wall Street on the eve of tomorrow's Thanksgiving holiday. At the end of the session, Piazza Affari lost 0,36% to 19.938.
The Btp/Bund spread rises to 143. The 2,7-year yield on the eve of the auction rose to 0,55%. In the rest of Europe, Frankfurt rises by 0,10%, London by 0,13%, Paris drops by 0,45% and Madrid by 18%. The macro data released in the USA have not shaken Wall Street too much: at 0,04 pm Italian time Dow Jones -0,1%, S&P +0,5%, Nasdaq +XNUMX%.
The University of Michigan Consumer Confidence Index came in below expectations (88.8 versus 90). The real estate market is also disappointing: the number of houses sold in October -1,1%. Oil slides lower for a fourth day of fla on the eve of the OPEC summit. Oil prices are down in Milan: Eni -1,6%, Saipem -1,9%. Rebounds Tenaris +0,4%.
After an upward session, the banks closed in no particular order: Unicredit went up +0,5&, Intesa went down -0,9% and Monte Paschi -1,4%. Asset management stocks were positive: Azimut +1,4%, Mediolanum +0,5%. Cnh Industrial collapses -3,9% after John Deere communicated lower than expected targets for 2015. FCA -0,2%. Telecom Italia also fell -1%. Of note is the surge in Yoox +6,8% on the wake of the German Zalando and Mondadori: +9% after the spin-off of the book division.
