The Milan Stock Exchange swings on an ECB-branded seesaw. After a morning in the red, the Ftse Mib had turned into positive territory following the rate cut communicated by the European Central Bank and to the positive data arrived from American job market.
In the immediately following minutes, however, the index returned to negative territory again, leaving more than one point on the field. London (-0,5%) and Paris (-0,72%) are also bad. Only Frankfurt is saved (+0,2%).
A marked slowdown also the euro, which changes hands at 1,3097 dollars, after having touched the exchange rate of 1,3214 dollars (ie the top of the last two months) immediately after the cut by the ECB.
Among the worst titles in Piazza Affari include Tenaris (-5,8%), Parmalat (-2,7%), Ps (-2,43%) And Fiat (-2,43%). The most significant increases are instead those of A2A (+ 3,27%), Mediaset (+ 1,9%) and Tod’s (+ 1,27%).
Early in the afternoon it BTP-Bund spread it floats just beyond the threshold of 270 basis points, after reaching a maximum of 276 and a minimum of 267 bps during the day. In the morning, the 2010-year BTP reached its lowest yield since October 3,84, at XNUMX%.
