Abrupt withdrawal of price lists. TO Business Square (-1,77%) the Ftse Mib index closed with a slowdown at 18766. The spread rose to 239 basis points (from 237), with a yield on the Btp 10 at 4,08%. The London Stock Exchange falls by 0,34%, Paris -1,12%, Frankfurt -0,35%. Madrid -1,59%. The sectors with the greatest decline in Europe are Construction (Stoxx -1,3%) and Banks (-1,2%).
This is the trend after OECD forecasts which indicate a slowdown in the global economy, given that it does not bode well for an export-based recovery. World GDP will grow this year by 2,7% (and not by 3,1%). In 2014 the growth will be 3,6%, and not 4%.
A Wall Street balanced indices: Dow Jones and Nasdaq -0,06%, S&P -0,01%. The US Stock Exchange awaits the words that Ben Bernanke will pronounce (at one in the morning in Italy). Opinions are divided: someone expects confirmation of quantitative easing or even more aggressive instruments, others think that the governor, at the end of his mandate, will abstain from strong interventions.
Meanwhile, in Piazza Affari backtrack by Saipem (-4,07%), after yesterday's jump of 4%. This morning Equita reduced the target price to 16,7 euros.
In retreat too Finmeccanica (-2,45%): India has decided to cancel the contract from 560 million euros for 12 AgustaWestland AW101 helicopters, for which there are strong suspicions of bribes and for which the former number one of Finmeccanica, Giuseppe Orsi, ended up in prison some time ago. This was written by the Indian newspaper "The Economic Times", saying that the decision comes 24 hours before a meeting between representatives of the New Delhi defense ministry and the Finmeccanica helicopter company.
It also misses out Fiat (-1,34%): in a European car market that recorded its second consecutive growth in October (+4,6%, after +5,5% in September), Lingotto suffered a drop in sales by 7,3%. Exor -3,05%
Salt in reverse Pirelli (+0,45%), which celebrates the increase in European registrations of high-end car manufacturers such as Daimler (+7% sales), Bicocca's major customers. Daimler itself today finalized the deal to purchase 12% of its long-standing Chinese partner, Baic Motor.
Indesit drops by 2,7% after the breakdown of negotiations with the union on the restructuring plan. The company could lay off 1.400 employees.
Among the banks, the drop in stands out bpm (-2,08%), downgraded to junk by Fitch. Unicredit down 1,89%, Understanding -1,48% Mount Paschi -1,14%. Heavy Mediobanca, -2,06%.
Salt instead Generali (+0,9%), supported by the "buy" promotion of Deutsche Bank. Fondiaria-Sai it loses 2,52% after hitting new highs for the year yesterday.
Bucking Diasorin (+1,76%), after the dissolution of the syndicate pact. Intermonte and Equita continue to focus on the stock in view of the new industrial plan, as does Berenberg, which does not rule out the possible sale of the CRM business for 500/600 million euros.
