Downside for the morning for Piazza Affari, on the wave of new negative data arriving from the Eurozone. The index Ftse Eb it loses 0,79% to 20.509. They do worse Frankfurt e Madrid -0,96% and Paris -1,30%, the most affected by the geopolitical difficulties in the Middle East. London -0,96%. The sectors most linked to the economic cycle fell the most: automotive -2%, oil -1,4% and banks -1,1%.
Il Brent it rose from the lows to 97,2 dollars after the comforting data from the Chinese PMI. Heavy losses Total (-2,8%), Eni -0,5%. It bounces Saipem (+0,1%). The spread Btp/Bund is at 138; the 2,38-year yield is XNUMX%. It slips to a nine-month low the Eurozone composite PMI. In particular, the manufacturing purchasing managers' index slipped from 50,7 to 50,5 points, settling at its lowest level for 14 months.
In Germany the manufacturing index fell from 51,4 to 50,3 points. "The survey paints a picture of continued malaise within the euro area economy," commented Markit's chief economist, Chris Williamson, stressing that concerns over the crisis in Ukraine, the resulting sanctions from the Russia and fears related to the critical economic situation in the single currency area. "Even if the Central Institute will want to wait to see the effect of the purchases of asset backed securities - he added - the risk is that the more you wait, the more serious the slowdown becomes".
Among the banks it loses its shots Unicredit (-1,3%) while holding court the sale of 50% of Pioneer: Banco de Santander is the big favourite. Down Understanding (-1%) And Mount Paschi (-0,9%). Under fire bpm (-2,2%) And Ubi (-1,8%). Citigroup has initiated coverage of Anima (+0,67%) to €4,492 with a buy rating and a target price of €5,4 per share.
The US broker instead recedes from buy to neutral Campari (-1,3%) And Prysmian (2,3%). Chapter for Mediaset (-2,3%). It also misses out Telecom Italy (-0,9%). In part, luxury bounces back. In light Yoox (+ 2,24%) and Moncler (+0,95%). But continue the descent of Tod’s (-1,1%) in the wake of the cut in the target price by Kepler Cheuvreux analysts from 84 to 80 euros.
