The downward wind coming from China also marked the debut of the financial year in Europe. In the middle of the day the worst is the Stock Exchange Frankfurt, down by 3,3%. TO Milano the FtseMib index falls by 2,24%. Paris -2,3% Madrid -2,8% and London -2%.
Among the causes of the landslide, the surrender of the Stock Exchange stands out Shanghai: the Csi 300 index, dedicated to blue chips, was closed due to excessive bearishness at 13:28 local time. The measure was triggered when the price list came to lose 7% by virtue of the automatic mechanism in force since this morning to stem the excessive volatility of trading.
The descent of the river was also the cause of the landslide yuan at the lowest since 2011, in turn linked to the new disappointing unexpected drop in the PMI index, which fell to 48,2 from 48,6 in November.
Il dollar it hit an 11-week low against the yen, while the euro-dollar cross recovered to 1,0921 from 1,0856 on Friday.
Strong tensions also on the front of Petroleum: the exacerbation of the Iran-Saudi Arabia duel it pushed Brent up: +0,2% to 37,37 dollars a barrel. Eni drops by 2% to 13,50 euros, a loss in line with that of the European oil sector. Saipem -3,3%, Tenaris -1,6%.
In this frame he made his debut in Piazza Affari the Ferrari title, escorted by Sergio Marchionne and John Philip Elkann in the presence of Matteo Renzi. The stock of the Reds made its debut at 43 euros before falling to a minimum of 41,75 and bouncing back above 43. The last session on Wall Street had closed with a price of 48 dollars (about 44 euros). In the middle of the day the Cavallino beats the market and even goes above parity (+0,3%).
Instead, he loses fca (-1,5%) after the spin-off of Rossa and the removal of mergers.
The rest of the list accuses sharp declines. The banking sector loses momentum: Unicredit -2% Understanding -1,7%. Down even the titles smelling of merger: Bank Pop Milan -0,8% Popular Emilia Romagna -2,8% Banco Popolare -2,5%.
Sales also on managed savings, despite the good inflow results of the promoter networks: Azimuth -3% Banca Mediolanum -3% Anima -2,4%.
Down too Telecom Italy (-3%). In the telecommunications sector, France is going against the trend Bouygues (+1,3%), bucking the trend after the news that Orange is close to buying its telephony division for 10 billion euros. Mediaset -3,6%.
Severe declines in the luxury sector, under the pressure of Chinese data. Ferragamo (-4,8%) is today's worst blue chip, with a drop that brings the price back to the levels of a year ago, at 20,70 euros. Since the highs of April, the stock has left a third of its value on the ground.
Also down sharply Moncler (-3,7%), Tod’s (-2,5%) And Luxottica (-2,7%). In Paris lvmh -3%, on the lows since August.
Still to be reported Finmeccanica -2,7% StM -3,7% and Atlantia -1,5%.
