US consumer confidence better than expected eases pressure on price lists. wall street, after a red start, the Dow Jones cuts losses and travels down 0,15% while the Nasdaq turns positive at +0,26%. JP Morgan collapses (-8%) and all other banks active in trading. Heavy banking also in Europe. Here the lists had widened the losses pending the opening of Wall Street and after the US data on producer prices but now the indices are attempting to climb back up and fluctuate contrasted around parity: Milan +0,08, Paris -0,62% , Frankfurt +0,27%, London +0,23%.
Meanwhile the Spanish government, as expected, has announced the new increase in provisions required from the country's banking sector in order to protect their exposure to the real estate sector for approximately 30 billion euros and the provisions will be concentrated above all on assets currently considered as "not at risk" but which threaten to become so.
Ma there are too many uncertainties on the table. In the foreground, the evolution of the Greek political crisis: under pressure from the EU, which demands compliance with the commitments for the disbursement of aid and ensures that otherwise Europe will be able to manage aGreece's exit from the euro (an eventuality that more and more observers deem probable), the Greek political forces are trying to find an agreement for a government of national unity. The meeting between Pasok, Evanghelos Venizelos, and the leader of the coalition of the Left (Syriza), Alexis Tsipras, has been postponed to 19 pm this evening. The fear of new elections could push parties, reports the Greek press, to a positive result during the meeting of party leaders under the presidency of the head of state Karolos Papoulias which could take place between Sunday 13 and Monday 14.
There's more: China released worse-than-expected industrial production data and at its lowest since 2009, industrial production in India slowed by 3,4% in mazro compared to the same month of 2011, confirming the slowdown of the Indian economy as well, finally, the EU cut its GDP estimates for Italy and for the Eurozone in general, while the OECD has signaled that Italy is the laggard of the cpda for employment only ahead of Greece and Turkey and at the level of Spain and Hungary.
A cocktail of tensions that justifies the uncertainty and volatility of the Stock Exchanges in the last session of a particularly volatile week.
