They slow down the European stock exchanges under the pressure of oil prices. In the meantime, the data on the improvement of credit conditions in the Eurozone make the expansion of Quantitative Easing less urgent.
dates backeuro on the dollar, at 1,136. The yield differential between the BTP and the Bund on the 10-year segment and the XNUMX-year rate are not far from the lows from around mid-April to the beginning of May. The spread it is worth 106 basis points from 104 at the end of the session and the 1,63-year rate is 1,60% from XNUMX% at the last closing.
The feeling that the ECB can postpone the QE enlargement process (after the words of the president of the Banque de France Christian Noyer) favored a change of pace in the middle of the session: a Milano the Ftse Mib index loses 0,9%, Paris is 0,86% below Frankfurt -0,58% London -0,44%. It gets worse Madrid (-1,21%).
Braking is not contagious Unicredit, +1,9% on the wave of the forthcoming sale of the Commercial bank of Austria (approximately 800 million).
Down the other banks: Understanding -0,8% Mount Paschi -2,3% Banco Popolare -2%.
In vertical fall Saras (-12%) after the sale of 9% by the second shareholder, the Russian group Rosneft, which drops to 12%.
Oil companies are also down: Tenaris -2,2% Saipem -2,3% Eni -1,1%.
Also retrace Telecom (-2,5%).
Benefits taken for Fiat Chrysler (-2,7%) just a few hours after the announcement of the Ferrari IPO price. Weighs the fine (200 million) that the EU should inflict on the company for tax agreements with Luxembourg.
Heavy braking for luxury stocks: Luxottica -2,9% a few days before the board of directors on next Monday's accounts, Tod’s -2% Ferragamo -1,7%.
