FINAL BRAKING FOR BAGS. THE GOLD FALLS
A2A AND PARMALAT SHINE. DOWN THE BANKS
The market is waiting tonight (20 pm Italian time) for the release of the minutes of the last meeting of the FOMC, the monetary policy committee of the Fed.
In the meantime, the Stock Exchanges took the downward path in the end. In Milan the FtseMib index drops by 0,82% to 16,527, the London Stock Exchange rises by 0,26%, Paris falls by 0,69% and Madrid -0,74%. In Frankfurt, the Dax index lost 0,3%.
Sul government bond market, the 10-year BTP is trading at a yield of 4,38%, unchanged from this morning, with a spread at 271, down 5 basis points.
Lorenzo Codogno, head of the Treasury's Economic Analysis Department, expresses optimism on the possibility that in 2012 Italy brought the deficit/GDP ratio below 3% and thus the excessive deficit procedure opened by the European Union could be closed.
The news of the day is the sharp decline of gold, which loses 1% and ends up at 1.588 dollars an ounce, the lowest since last August. There was also a twist in the currency market: the pound fell to 0,8741 against the euro, the lowest since November 2011. The dollar was traded at 1,337 against the euro, substantially unchanged.
Almost flat indices a Wall Street: Dow Jones +0,06%, S&P -0,1% and Nasdaq -0,18%.
Apple is down 1%. The Financial Times reports today that China's Foxconn, one of its key suppliers, has frozen its hiring plans as iPhone 5 orders fall short of expectations.
In Business Square to slow down the price list was above all the descent of Telecom Italy -2,49% after the renunciation of placing the "hybrid" bond at 60 years. But the worst stock is Mediaset -3,82%.
The banks are also weak: Unicredit drops by 2,35%, Intesa loses 1,22%, Banco Popolare -2,02%, Pop.Milano drops by 3,6%.
Pending the decree on the Monti bond, the investigation into the Mount Paschi -1,28% The interrogation by the prosecutors of Siena of Gianluca Baldassarri, the former head of the finance area of Mps, who has been in San Vittore prison in Milan since last week, is expected for tomorrow.
Among the insurance Generali drops by 1,07%, Unipol -2,59% Fondiaria-Sai -3,06%.
The shares of Seat Yellow Pages (+11,76%) and of Gemina Risaprmio (+ 19,22%).
In the opposite sense, among the best titles on the list are A2A +3,88% and Parmalat +4,33%. Excellent upside for Rest + 2,52%.
Among industrial stocks, Ansaldo rises by 2,92%, unchanged Finmeccanica -0,54% and StM -0,4%. Pirelli advances 0,23%%
Buzzi -0,53% Italcementi -2,8% . Conversely, Lafarge, the world's leading cement producer, flies to Paris, up 7% after announcing better-than-expected 2012 results.
