IN MILAN, THE BLACK JERSEY OF THE LISTINI: -1,53%
TELECOM ITALIA, EXOR AND STM FALL
The Bear plays a trio in Piazza Affari: Sawiris fever on Telecom Italia subsides – 3,9%; the denials of Stm -2,6% to the new "split" rumors of the St-Ericsson jv freeze the stock; Exor-3,44% is punished by the negative opinion of Goldman Sachs.
The FtseMib index feels the pinch and marks a drop of 1,53%, the worst in Europe, to 14.931. The other European Stock Exchanges are also negative: London -0,71%, Paris -0,6%, Frankfurt -0,86%.
The euro it is down to 1,273 against the dollar, from 1,278 at yesterday's close.
Stable the BTP, trading on the secondary market at a yield of 4,85%. The spread is at 351, down by 2 basis points.
Il Petroleum WTI is stable at 85,9 dollars a barrel despite Israel's military escalation in the Gaza Strip. Brent fell back to 108,2 dollars (-2,5%) after yesterday's rise.
The attention of the markets is directed to the USA. The first meeting between President Obama and representatives of the Republican party, led by Congress Speaker John Boehner, will be held today to examine possible initiatives to avoid the barrage of public spending cuts and tax increases that risk triggering automatically on January 2013, 600. This is a package worth XNUMX billion dollars which, according to economists, risks causing the US economy to fall into recession.
The objective of reducing the public deficit remains and for this reason Obama, who will leave tomorrow for a trip to Asia, is proposing to raise taxes on the highest incomes. The Congress will be closed from next week for the holidays of Thanksgiving.
In the business square Eni drops by 1,61%. Also declining Enel -1,71%.
Fiat drops by 1,5%. In October, car sales in Europe fell by 4,6%, Fiat performed worse than its competitors, with a decline of 5,8%. Since the beginning of the year, registrations in Europe are down by 5,8%, while Fiat collects -16%.
Banks are also down: Unicredit -2,42% Understanding -2,29%. Heavy also the fall of MontePaschi -2,37% and bpm -2,83%.
Among the mid caps, Mayor Tecnimont falls by 8%, De' Longhi loses 6,3%. Positive Astaldi +4,1%.
