Le Bags archive a volatile week marked by the downside. In Milan, the Ftse Mib index lost 1,32% to 16682. Reductions also for Frankfurt -0,95% and Paris -1,10%. London -1,10%. The heaviest losses are in Madrid -1,60%.
Business Square he thus closed the week with a drop of around 3,5%, a variation similar to that of the EuroStoxx 50 index and that of the main stock exchanges in the Eurozone.
The sovereign debt market is stable. The BTP 10-year is trading at a yield of 4,37%, spread at 251 (+1 basis points). There are 14 basis points of distance between Btp and Bono in terms of performance, at the beginning of the week we had reached 4 basis points.
In Europe, the stocks with the greatest decline are i oil (Stoxx of the sector -1,1%). Eni loses 2,04%. In line with the drop in crude oil prices. The Petroleum it is declining after it became clear that a military attack on Syria is no longer so imminent. The British Prime Minister David Cameron has seen himself rejected by Parliament the motion with which he proposed the intervention. The Brent it is traded at 115 dollars a barrel, down by 0,1%. Saipem differs from this trend by +1,88%.
Also Wall Street starts to close in the red on the wave of disappointing macro data; Dow Jones -0,35%, S&P -0,25% and Nasdaq -0,74%.
Telecom Italy this is the case with today's stock market. The stock, suspended during the day due to an excessive rise, closed at 9,36%) thanks to Bernstein's promotion: the American broker raised the rating to outperform with a target price of 1 euro. In Europe, automotive companies (Stoxx -1,5%) and insurance companies (Stoxx -1,4%) are down. Fiat loses 2,64%, Pirelli -2,3%. StM -2,96%.
Insurance is also weak. Generali slipped down by 2,23% on rumors reporting difficulties in the sale of the subsidiary Banca della Svizzera italiana. Fondiaria-Sai the parent company loses 2,52%. Unipol -2,50%.
Final down for the banks: Understanding drops by 0,87%, Unicredit -1,88% MontePaschi -2,10% Banco Popolare -3,32%. Banca Popolare dell'Emilia Romagna -3,32%.
Asset management stocks also fell: Mediolanum-2,94% Azimuth -3,22%.
