Epilogue of the week in the storm for the markets: the Spanish spread flies to the record level of 426 points with the yield rising to 6%, the banks collapse and the European lists close in decided red. London limits the decline to 1,03% while Frankfurt loses 2,36%, Paris 2,47% and Milano 3,43%, dragged to the carpet by the banks while the Btp-bund spread gallops to an altitude of 380, after a peak at 382.
The bulletin is once again from War Friday: bpm –8,17%, with suspension in volatility auction, Bper –7,23%, Popular bank –7,12%, Ubi -6,60% and Unicredit –6,01, also suspended, Understanding -4,83%. But it is Madrid who wins the black jersey: theIbex drops by 3,58% while i cds they fly to the record of 498 points. The already exposed nerves of the market have jumped on the data released by the Spanish central bank: Loans Spanish banks received from the ECB in March jumped to 227,6 billion euros, up almost 50% from 152,4 billion in February. Not only. Yesterday the institute Banesto communicated a collapse in profits which fueled the nervousness of the market towards a sector, that of credit, which represents one of the critical points of the stability of the system also due to the strong exposure to the real estate sector.
Da Wall Street there are encouraging signals from the corporate results: JpMorgan and Wells Fargo closed the first quarter of 2012 with results exceeding analysts' expectations. But that's not all: Wall Street opens down overwhelmed by fears about the debt of theEurozone and the slowdown in Chinese GDP that arrived in the morning. Overseas price lists they then widened the declines, which were however more contained than in Europe, after the disappointing data on consumer confidence: the Michigan index fell to 75,7 in April from 76,2 in March. At the close of the European markets the Dow Jones yields 0,72% and the Nasdaq 1,22%. Google also falls (-3%) despite strong growth in profits. The euro falls against the dollar to 1,3070, while WTI oil is also down to 103,2 dollars a barrel.
On a Ftse Mib studded with minus signs, they only close against the trend Diasorin +0,22% and Finmeccanica +2,57%, the latter boosted byinterest of Hitachi for 50% of Ansaldo Breda and 29% of Ansaldo Sts: according to press rumors, the due diligence is in the pipeline and a visit to the industrial plants is expected shortly. In closing, Luxottica, Ansaldo Sts and Fiat Industrial turn in light red. Confirm the drop Fiat -3,72%. But it is the whole European automotive sector that ends up in a decisive red, it is not even saved Volkswagen which achieved a new sales record: in the first quarter of the year it broke through 2 million vehicles sold, an increase of 9,6% compared to the same period a year ago. Closes against the trend Premafin up by 3,93% while the exchange comparison for the integration proceeds Fonsai-Unipol.
