Geopolitical uncertainties hold back European stock exchanges. The Ftse Mib index fell by 0,6% in the middle of the day, below 20.100 points. Down, between 0,1 and 0,3%, the other lists of the Eurozone. On positive ground London (+ 0,4%).
THEZew index, the barometer of confidence in the German economy, shows an improvement higher than expected, to 19,5 points - the highest since August 2015 - from 12,8 in March. Conversely, industrial production in the euro area in February failed to meet market expectations, with a 0,3% cyclical decline and 1,2% trend growth.
"This afternoon the Def in addition to updating the economic framework of public finance and the national reform program, it includes the discussion of issues of inequality and well-being” Pier Carlo Padoan said this morning at the savings salon. The minister then underlined that “the dynamics of the debt/GDP ratio are back under control. And in the last couple of years it has basically stabilized.” Regarding the banks, Padoan said that "the question of non-performing loans is complex, it has some critical points but it is manageable, both with systemic measures and with specific measures".
Tensions on eurozone bonds. The 0,20-year Bund yield falls below the +27% threshold for the first time since February XNUMX. The spread Btp / Bund fluctuates on 205 points. The Germany/France spread widens to 75 basis points, the highest in two months.
The rate of Boots at 12 months he went down again this morning. The bond was priced by the Treasury at 100,243 for a negative yield of 0,239%, thirteen basis points below the previous auction.
Il dollar it lost slightly against the euro which rose to 1,060, from 1,059 at the previous close.
Petroleum in adjustment after yesterday's increases: Brent at 55,8 dollars (-0,2%), Wti at 52,9 dollars (-0,2%).
At Piazza Affari Eni e Saipem are unchanged, Tenaris + 0,2%
The negative day of the banking sector weighs on the Milanese index: Understanding lose 1%, Unicredit -1,7% Mediobanca -0,8% Bpm bank -2,8%. Insurances also fall: Generali -0,8% Unipol -0,8%.
Among the titles in positive ground Fiat Chrysler +0,4%. The Korean site Naver reveals that FCA and Samsung have reached an agreement on the sale price of Magneti Marelli. Salt too Brembo (+ 0,2%).
Instead it goes down stm (-2,6%) overwhelmed by the general fall of the semiconductor sector in Europe, triggered by the collapse of the German Dialog Semiconductor, down 21% after the report by the broker Bankhaus Lampe which fears the possibility that Apple will choose another supplier for the chip which reduces battery consumption.
Telecom Italy drops by 0,6%. Utilities are down: Enel -0,1%, positive Terna + 0,3% Italgas + 1,8%.
