After slipping negative, Piazza Affari broadens the declines at the end of the morning and loses 0,69%. Still sales on banks while the spread travels at 238 basis points. On the other hand, the other European stock exchanges continue to be positive, heartened by the reassurances, anticipated by the press, that the future governor of the Fed, Janet Yellen, is preparing to give today in a hearing before the US Senate: the stimulus policies will remain until there is a solid recovery in the economy. Paris +0,59%, Frankfurt +0,7%, London +0,51% .
The Asian stock exchanges also did well following Yellen's push. Tokyo ended trading up 2,1% thanks to higher than expected growth in GDP, +0,5% between July and September.
Growth data has also been released in Europe. In the Eurozone, third quarter GDP rose by 0,1% and in the EU by 0,2%. As for the Germany, on which the European Commission has just lit a beacon due to the excessive surplus, the GDP grew by 0,3% on the previous quarter, in line with expectations. The weaker growth compared to the second quarter (+0,7%) depends exclusively on domestic demand while foreign trade contributed negatively with imports growing more than exports.
In Italy, Istat communicated a decrease of 0,1% on a quarterly basis and a decline of 1,9% on an annual basis. Those in charge of the survey signaled that the fall in GDP is slowing down for the fourth consecutive quarter on a cyclical basis and also on a trend basis. The GDP acquired for 2013 is equal to -1,9%.
In Piazza Affari the worst on the Ftse Mib is Tod’s after the release of a disappointing quarterly report for analysts: the stock dropped by more than 7%. The banks are still down in the week in which many of the main institutions have released the accounts (today is the turn of MPS). Banco Popolare -4,4%, Unicredit -3,17%. At the bottom of the Ftse Mib A2A -3,58% and Autogril -2,81%.
In light of the ESF Mib Fonsai +2,13%, Wdf +1,51%, Ansaldo +1,4%, Cnh +0,95%.
