Weak stock markets awaiting US macro data arriving in the afternoon and the FOMC minutes on monetary policy. Milan loses 0,49%, London 0,41%, Frankfurt 0,13%, Paris 0,33%.
Tokyo was also negative, closing down 0,33% on profit-taking after the recent increases, also in the light of the strengthening of the yen against the dollar. The euro-dollar exchange rate is at 1,353 while the Btp bund spread is slightly up to 236 basis points from 234 yesterday with the yield on the ten-year bond rising to 4,10%, the same level as Spain.
Several macro data are expected from the US in the afternoon, including retail sales, consumer prices and existing home sales. The minutes of the Fed are expected in the evening. Ben Bernanke last night in Washington he confirmed the maintenance of interest rates at historic lows for a long time to come, also indicating the unemployment target of 6,5% as barely sufficient. And last week Janet Yellen, the incoming Fed governor, also reassured that support measures should be maintained until the economy shows a solid recovery.
In Piazza Affari it is losing ground Finmeccanica -2,3% while the meeting between the Indian Ministry of Defense and Agusta Westland is underway in New Delhi, on the supply of 12 helicopters to the Indian Air Force after some press sources had announced the cancellation of the order by the 'India. The decision on the future of the contract will be taken after November 26th. Banco Popolare -1,99%, Mps -0,46%, Intesa -0,67%, Unicredit -0,29%, while Bpm rose slightly to +0,64%, Ubi +0,65%.
At the bottom of the Ftse Mib also Autogrill -1,9%, Saipem - 1,53% and Atlantia -1,5%. Highlights on the Ftse Mib Ferragamo +0,91%, Ubi Banca +0,61%, Luxottica +0,33% and Buzzi Unicem +0,33%. Eni +0,22%. The company announced the sale of the stake in Severenergia to Novatek and GazpromNeft for 2,94 billion dollars. Outside the main basket, Monrif leaps by 9,9%%, archiving an increase of over 20% in three sessions.
