The downward start of the Wall Street indices helped to reverse the trend of the European markets. In Milan, the FtseMib index rises by 0%, shortly before it had come to gain over 5%. The other European Stock Exchanges also saw their gains: London unchanged, Paris +2%, Frankfurt +0,78%. But then the US data on home sales arrived and everything changed.
In the USA, contradicting the positive trend of futures, the Dow Jones falls by 0,78%, the S&P -0,84, Nasdaq -1%.
After the successful outcome of the European auctions, the sovereign debt market is calmer: the Dutch ten-year yield falls by 8,7 basis points to 2,32%, the French one now yields 3% (-4,5%). The yield of the BTP is stable with yesterday's closing, the spread marks 402 (against 405 on Monday).
Sharp turnaround for financial stocks, up sharply in the morning: Unicredit -0,6% MontePaschi -1,7%., Banca Popolare di Milano -1,8% Banco Popolare + 0,7%. Understanding it's about parity.
Continue the march of Pirelli +3,3% and the recovery of Fiat + 1,6%.
It bounces stm + 4%.
