Piazza Affari resets the earnings after the words of Mario Draghi. The President of the European Central Bank has warned that domestic demand could be weaker than expected, due to insufficient implementation of structural reforms in the Eurozone, which could affect confidence and delay recovery.
The Ftse Mib, after a negative move, nonetheless recovered above parity, rising by 0,4%, driven by some bank stocks and by A2A, Enel Green Power and Telecom Italia. In Europe, the other main price lists move in negative territory: London -0,74%, Paris and Frankfurt travel just below parity -0,01%.
The market was waiting for a more incisive message from Draghi, but was faced with words that do not suggest particular measures. In the morning, the lists had been supported precisely by the expectation of Draghi's press conference, after the Central Bank of Japan announced aggressive monetary policy moves, with the Nikkei index closing up 2,2%.
The stock markets had also benefited from the Spanish placement of 4,3 billion euros of bonds with various maturities, 300 million euros more than the target of the issue.
