It also deflates bank rebound who at the start of the session had reacted to yesterday's particularly negative session due to the diffusion of the criteria of the ECB's analysis on the big European banks. Mps -1,7%, Unicredit -1% and Intesa Sanpaolo -0,28% slip into negative territory. Thus Milan slows down while remaining in positive territory and rises by 0,28%, also weighed down by Autogrill -6,4% and Wdf -5,6% following yesterday's placement by the Benetton family of around 9% of both the titles. At the bottom of the Ftse Mib also Finmeccanica -1,6%. In contrast Mediolanum +2,43%, Gtech +2,19%, Bper +2%, Exor +1,66%, A2A +1,6%.
The spread rises again reaching 240, returning to the same levels as the Spanish Bonos. The Italian 10-year yield rose to 4,16%, from 4,11% at yesterday's close, the Bund rate down to 1,76%.
Paris +0,20%, London +0,47% and Frankfurt +0,66% where Daimler stands out, rising by 2,7%, the stock is driven by the decisive increase in the third quarter accounts, which showed a 53% leap in net profit compared to a year earlier to almost 1,9 billion euros thanks to the favorable trend in car sales and the positive impact of programs for greater efficiency.
In the morning, more optimism came from Chinese data on the growth of industrial activity higher than expected and the highest in the last seven months. In Europe, on the macro data front, the October flash estimate of the MarkitPmi manufacturing index in the euro area marks a two-month high, reaching 51,3 (51,1 in September), slightly below market expectations (51,4 ). In Italy, however, in October, Istat noted that the consumer confidence climate returned to decline in October, falling to 97,3 after having reached 100,8. This is the first contraction after four months on the rise. The figure again released by Istat on wages for September indicates that contractual hourly wages are unchanged compared to August, while they are up by 1,4% on an annual basis. The gap between the annual increase in wages and the growth in prices (0,9%) had never been so wide, in favor of wages, since August 2010, thanks, however, exclusively to the slowdown in inflation.
In the afternoon, the estimate of the manufacturing index and the data on new requests for weekly unemployment benefits are expected from the United States. The Fed meets to evaluate the introduction of Basel III requirements also on US banks. The euro dollar is at its highest level since the end of 2011 at 1,38.
