Morning in red for the European markets. In Milan, the Ftse Mib index drops 0,23% below 22.400 points. Less moves Paris -0,04% and Madrid +0,07%. London made slight progress, Frankfurt was flat after the increase in the German investor confidence index, which rose to 17,6 points in October compared to 17 in September, a figure that is 20 points lower than expected.
Highlights in Paris Danone after the good operating results. Credit Suisse was also in the spotlight with an increase of nearly 2% on news that Swiss investor RBR Capital aims to "stew" the investment bank.
Confidence in Italy has moved in the opposite direction. The indicator stood at 5,8 against 14,9 in September and 11,5 in August.
In August, the balance of the Italian trade balance recorded a surplus of 2,769 billion euros, compared to a surplus of 2,494 billion euros in the same month of 2016.
Tensions remain high in Spain. Yesterday evening the National Court of Madrid ordered the Catalan police chief to hand over his passport: an indictment for espionage is on the way.
The euro weakened against the dollar for the fourth consecutive day to 1,176 from 1,179 at the close.
Oil scores the sixth rise in seven sessions: Brent +0,36% to 57,77 dollars, Wti +0,31% to 52,03 dollars. After yesterday's artillery clashes in Kurdistan, the situation is calm in Kirkuk: the city has in fact been occupied by the Iraqi army. Little move Eni -0,07%.
After six consecutive sessions of bullishness, the first drop in gold has arrived, falling to 1.288 dollars an ounce.
Bond. Purchases of government bonds. The yield on the 10-year BTP is close to 2%.
Negative prospects for Italy from Moody's Investors Service. The stabilization of the Italian banks and the country's higher economic growth, according to the US agency, do not eliminate the uncertainties about medium-long term growth prospects, which remain only moderate, while there is considerable uncertainty about the economic priorities of the next government.
Moody's judgment, which has negative outlook on Italian banks confirmedand, "it is not representative of reality" according to Economy Minister Pier Carlo Padoan.
The readmission to listings of the securities of Mps Bank it could take place at the beginning of next week after the probable authorization from Consob at the end of this week, according to sources familiar with the dossier.
Cerved +1%. The company announced that together with the sgr Quaestio, it will manage the disposal of 13 billion euros of non-performing loans of the Sienese institute.
On the list the banks, after a positive start, Unicredit reversed course: -0,59%. Slight recovery Intesa Sanpaolo +0,07%%.
Bpm bank +0,06%. Today, the board of directors is expected to decide on the insurance policy distribution business. Cattolica +0,32%, is the favorite in the tender to acquire 80% of Popolare Vita at a price of around 1 billion.
In the rest of the list:
It bounces Telecom Italy +0,13%. Yesterday the council of ministers issued a decree that provides for state supervision of a series of activities of the telephone company. The government will be able to appoint a representative to the board of directors of the parent company, as well as its subsidiaries Sparkle (submarine cables) and Telsy (security equipment).
Yoox Net to Porter drops 1,70%, worst blue chip today. One of the companies in the sector, the British Asos, communicated disappointing results and lost 4% in the stock market in the last two sessions.
Corrects from the highs Campari -1,5%.
Fiat Chrysler -0,67%. The car registrations in Europe (EU + EFTA) recorded a slight decline in September, all in all in line with the Fiat Chrysler group (Fca). Ferrari rises by 0,15%.
