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It rains on the stock exchanges, weigh Athens and Shanghai

Fears of a U-turn by the Fed, the crash in Shanghai but above all the elections in Athens push European stocks downwards – The BTP weakens – Oil and related stocks go down – MPS bucking the trend

It rains on the stock exchanges, weigh Athens and Shanghai

Problematic departure for i stock markets Europeans under the pressure of some negative factors: the negative closure of wall street, conditioned by the fear of an imminent reversal of course by the Fed. No less important is the sudden collapse of the Stock Exchange Shanghai (-4,5%) after the tightening imposed by the central bank, worried by the bubble: in one month the market rose by 25%.

Most of all it weighs the political crisis in Greece, a pebble that complicates the already complicated situation of the EU. In this context, the Milan Stock Exchange has taken the downward path: -1,4% to 19.659, after an attempt to rise in the middle of the morning. Paris also fell -0,83%, Frankfurt -0,73% and Madrid, the worst, -1,03%, London also down -1%.

Il BTP weakens: the yield rises by 5 basis points to 1,99%, the spread is at 126. The XNUMX-year Athens bond, whose yield rises by half a percentage point to 7,50%, following the decision of the government of Prime Minister Antonis Samaras to bring forward the votes for the election of the new President of the Republic.

The oil descent, fell by more than 4% yesterday: Brent is traded at 65,4 dollars a barrel (-1,1%), Wti at 62,6 dollars (-0,6%).
 
Saipem , pending tonight's board meeting, loses 1,4%, Tenaris -1,1%. The decision by ConocoPhilips to cut 20 investments by 2015% due to the crisis weighs on the two companies. Eni loses 0,7%, the stock is at the lows of the last three years. 
Generali loses 0,8%: Barclays lowers the target from 19,40 to 19,10 but reaffirms the overweight. In decline the sector of banks: Unicredit -0,8%, Intesa -0,1%, Ubi Banca -0,8%, Banca Popolare dell'Emilia Romagna -0,6%.

Monte Paschi rises by 1%. From 3 December Widiba, the group's online bank, will receive the volumes contributed by the network of promoters (approximately 22 billion).

La  ECB asked the banks for clarifications so that they fully account for the results of thehere already in the 2014 financial statements. rating of multiples”. Intermonte's opinion is different: there could be significant impacts on the income statement of some institutions with the risk that "some banks close at a loss".

Fiat-Chrysler -0,4%. Finmeccanica -1,4%. StM -0,3%. 

Enel drops by 1%, Telecom Italy -1,7%. There Brazilian Oi gave the go-ahead for the sale of Portugal Telecom to Altice (7,4 billion), thus eliminating an obstacle towards the merger between Tim Brasil and the South American manager.
In the segment of luxury, Yoox and Moncler -2,5%. Yoox -2,7%. The English Asos, a company active in e-commerce like the Bologna company, lost 7% after the presentation of the quarter's data.

 

 

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