Weak intonation for Business Square and other European stock exchanges. in Milan theFtseMib index drops by 1,12% to 15.729.
La London Stock Exchange drops by 0,7%, Paris -1,09% Frankfurt -1,01. There seems to be an 'impasse' in the negotiations between the Greece and its creditors and on this uncertainty the lists in Europe fold.
The news also weighs on her government bondsthat spread, paid for by ten-year Italian BTPs, dropped in the morning below 400 Bp, has risen to 419.
The German PMI index it returns to signal expansion but despite being better than expected it does not help the indices to recover ground. Futures on US indices are also down.
Weak them banks (-1,71%) after the downgrade of Crédit Agricole and Société Générale. The two institutions lost 5,6% and 5% respectively after the Standard & Poor's decision. Same tune for Italian banks: MontePaschi down 1,8%, Unicredit -0,7% Banco Popolare 2,1%%, Ubi -3,3% Banca Popolare Milano -3,4%. Down too Understanding: -twenty%.
The alarm rings on the answering machine of Telecom Italy -2,5%. According to "Il Messaggero", the company led by Franco Bernabé is planning a dividend cut. On the basis of this reduction, the 2012 coupon should fall to 0,043 euro for ordinary and 0,054 euro for savings compared to 0,058 for ordinary and 0,069 for savings in 2011. Last year Telecom Italia had distributed 5,8 cents for each ordinary share and 6,9 cents each savings. With this cut, the group could distribute 4,3 cents for ordinary shares and 5,4 for savings. In this case, the dividend yield would still remain respectable: 5,6% for ords. , even 8% for savings
StM -5,7% after the fourth quarter results announced overnight. The Italian-French group, first chip maker in Europe, announced lower-than-expected results: revenues down to $2,19 billion, from $2,81 billion in the same quarter last year. Forecasts for the current quarter are also bad: a drop between 4% and 10% is expected. The decline of the semiconductor manufacturer is reflected in the customer Nokia, down by 7,8%.
On the contrary, the market likes the prospect of incentives for ecological cars, one of the provisions on the desk of the Minister of Productive Activities Corrado Passera: fiat scythe 0,8%, in consideration of Lingotto's leadership in the field of LPG and methane engines. For the same reason it is on the rise. Landi Renzo +4,7% In general, industrial stocks are negative: Finmeccanica down by 2,7%, Fiat Industrial -2,4%, Prysmian -4,5%. Eni loses 1,2%.
