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German confidence gives impetus to the euro, but stock markets are slowing down

The better-than-expected Ifo index pushes the single currency up, but the European lists are all in the red in the middle of the day – Oil and spreads go up – Even the Popolari lose momentum on the Ftse Mib, despite the sprint start following the definitive ok to reform – The Hutchison-Telefonica deal on O2 penalizes Telecom – Weak luxury.

German confidence gives impetus to the euro, but stock markets are slowing down

salt theeuro on the wave of the index of the German business confidence, but the EU Stock Exchanges, including Italy, are correcting downwards, despite the push of the Popolari banks. In the middle of the day the index FtseMib it loses 0,6%, to 23.182, withdrawing from yesterday's records, the highest in the last five years. Also Frankfurt e Madrid they retreat by 0,6%, it's worse Paris (-0,8%). London -0,18%

Il Brent it goes back to 55,5 dollars per barrel (+0,6%).

Without significant points, the government bond market: lo BTP-Bund spread it widens by 5 basis points to 114.

After a bubbly start, the cooperative banks lost share, the day after the green light was given reform. Benefits taken up Pop.Milan (-0,8%), Banco Popolare (-0,2%) And Where's Banca (-0,2%). They also slow down Unicredit (-0,4%), Understanding (-0,2%) And MontePaschi (-1,3%). 

Enel lose 1%, Eni 0,7%.

Also declining Telecom Italy (-1%), cold in the face of Hutchison Whampoa deal in the United Kingdom, where it concluded the purchase of O2 from Telefonica for 14 billion.

The worst blue chip is Moncler, with a drop of 2,2%. Hermès' Growing Profits Are Not Helping the Luxury Segment: Ferragamo lose 1%, Yoox 1,2%.

Fiat Chrysler -0,6%. Mediobanca Securities evaluates the group's merger: possible, but only in 2016 after the Ferrari spin-off and the relaunch of Alfa. 

Finmeccanica -0,5%. Pirelli flat. There will not be an extraordinary dividend before the operations envisaged for the takeover bid. It is suspended due to an excessive increase Pininfarina, after the rumors about the interest of the Indian group Mahindar. 

It falls down Trevi (-5,5%) after disappointing data.

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