BUSINESS CENTER BELOW 17 THOUSAND CANCEL AUGUST
NEGATIVE START EXPECTED FOR WALL STREET
The descent continues Bags, in the wake of the sharp decline in Asian price lists.
Milan, theFtse Mib index it loses 1,7% below the 17 mark (at 12 points), a level surpassed last August 16.949th. Things are even worse in Madrid -8%.
London loses 0,6%, Paris -1,51%, Frankfurt -1,1%.
Fever falls on the German Bund trading at 1,85%, down 5 basis points from the 17-month low hit yesterday.
Thus it widens it BTP/Bund spread at 244 basis points, up 6 basis points. The yield on the Italian 4,28-year bond is stable at XNUMX%.
In decline Wall Street index futures down, awaiting the Chicago Fed index which measures US economic activity in July, expected to fall.
Tomorrow evening will be made public minutes of the Fed meeting at the end of July, he waited with keen apprehension from the markets. There is growing expectation of an imminent reduction of the aid to the economy provided in the past three years by the Federal Reserve through bond purchase programmes.
The change of course in the monetary policy of the United States brings out the relative weakness of some emerging countries, particularly in Asia. The Indian rupee falls again to a new all-time low of 63,71 against the dollar.
In the Italian price list, sales mainly affect the banks. Banco Popolare is down by 3,14%, worst performance of the Ftse Mib index. Unicredit and Intesa lose more than 2%. Mediobanca -2,88%, Banca Popolare di Milano -2,24%, Ubi Banca -2,5%.
Il Mount Paschi loses 2,94%.
They also go down industrial companies: Fiat -2,9%, Fiat Industrial -1,39%, Prysmian -2,51%, Pirelli -2,13%, Finmeccanica -4.60%.
They fall back energy stocks and utilities. Enel -1,44%, A2A -3,3%, Eni -0,76%, Saipem -2,47%, almost unchanged Tenaris - 0,06%.
Other thuds to report: it falls Yoox suspended due to excess reduction.
Sharp decline for General Bank -4% and Mediaset -4,19% Italcementi loses 4%. Yesterday Moody's, arousing the vibrant protests of the company, revised downwards the corporate rating assigned from Ba2 to Ba3, with an outlook going from negative to stable,
