Piazza Affari widens the declines and closes down by 1,44%. The 1-year Bot auction did not help the mood of the stock markets: although all the 5,5 billion euros of securities were placed, rates were up and demand was down. The Btp bund spread is around 223 basis points, still at its lowest since July 2011. The European stock exchanges were also negative, affected among other things by the sales on Wall Street, down after an opening in positive territory. London -0,24%, Frankfurt -0,4%, Paris -0,06%.
Although an agreement was found on the federal budget which risked exposing the US to a new shutdown, the market is looking at the Fed's decisions on December 17-18 on the subject of tapering, which after the agreement seems closer. At the close of Europe the Dow Jones -0,53% and the Nasdaq -0,56%. Sales on banks following the approval of the Voclker rule, new records for Twitter. Oil dropped 0,50% to 98 dollars a barrel. The euro-dollar exchange rate rose by 0,25% to 1,3795 and on the yen front the single currency traded at 141,29
In Piazza Affari he leads the losses on the Ftse Mib Mediolanum with a drop of 6,8% after Fininvest sold a block of shares worth around 5,6% at 6,12 euros per share. Mediaset +0,13%. Out of the main Cir basket The group confirmed to have filed a civil lawsuit against Fininvest with the Court of Milan for non-pecuniary damages suffered in the Lodo Mondadori affair.
Telecom Italia also down -3,25% on fears of disputes coming from Consob both on the convertible and on the sale of Telecom Argentina, Pirelli -3,27%, Eni -2,1%, penalized by the downgrade of Deutsche Bank to hold from buy. Only Ferragamo +0,14%, Gtech +0,05% bucked the trend on the Ftse Mib. Wdf and Fonsai unchanged. Consob imposed the highest fine in history, amounting to 3,7 million, against the statutory auditors of Fondiaria Sai and Milano Assicurazioni for behavior characterized by the "failure or negligence to exercise the supervisory duties required by article 49, paragraph 1 of the TUF , in relation to various transactions carried out by the two companies, including various real estate initiatives, consultancy contracts attributable to the Ligresti family and the purchase of shareholdings".
In detail, fines totaling 1,257 were imposed on the four statutory auditors of Milano Assicurazioni and 2,445 on the four of FonSai. Mps -1,16% awaiting tomorrow's board of directors on the capital increase. Bpm -1,8%, the electoral campaign has begun between the two challenging lists for the supervisory board in view of the meeting on 21 December. Yoox, unchanged, will enter the main basket from 23 December. The Moncler IPO has closed. The price was set at 10,2 euros and institutional demand stood at 31 times the offer. Juventus loses more than 7% after elimination from the Champions League.
