Fortunately today the virtual doors of Piazza Affari remain closed for the long Easter weekend. Thus the market will not be able to record the failure of Pierluigi Bersani's attempt to form a government. Unfortunately, the stop comes after a short but no less dramatic week: from Monday to Thursday the Italian Stock Exchange dropped 4,4%% , under the negative influence of the Cyprus case, aggravated by the political blackout. In three days, from Monday to Wednesday, Intesa lost 7,2%, Unicredit 8%.
For the Milan Stock Exchange, March closed with a negative balance of -3,7%. The budget since the beginning of the year for the Milan Stock Exchange is a loss of 5,7%. At this point, downgrading by Moody's seems inevitable. The week of passion arouses even more bitterness, this time, because it coincides with the news of the Wall Street records.
BAGS RUN BEHIND US RECORDS. MILAN TRACKS
The yen falls, the Tokyo Stock Exchange rises. In 2013, the Japanese currency lost 7,8% against the dollar and 2,8% against the euro. But operators are now waiting for more precise indications on the expansive policy of the Land of the Rising Sun from the next meeting of the Boj, the first of the Kuroda era. In the meantime, the Stock Exchange is unstable: starting down, ending up: the index gains 0,3%.
Hong Kong lost 0,7%, the decline more marked than in Shanghai, which is weighed down by the government's crackdown on wealth management accounts. In New York, the most awaited record has finally arrived: S&P500 +0,41% to 1569, above the level reached in October 2007 at the beginning of the great crisis (1565). The Dow Jones +0,36% to 14.587 for the first time in its history. The Nasdaq advanced 0,34%. US GDP rose 0,4% in the fourth quarter from the previous forecast of a 0,1% increase, economists were expecting a 0,5% increase. London +0,38%, Paris +0,53%, Frankfurt +0,08% closed up
BANKS BOUNCE
The reassuring news on the reopening of the banks in Cyprus yesterday favored a moderate return of interest on the securities of the sector. Intesa rose by 0,7%, Unicredit +1,3%, Ubi Banca +3,3%, Banca Popolare dell'Emilia +3,7%. Mps house cleaning operation: loan adjustments of 2,67 billion, loss for the year of 3,17 billion. The liabilities of the last two years were 7 billion.
Among other financial stocks, Generali fell by 1%, Mediolanum gained 0,8%, Azimut +1,2%. Fiat closed the day down by 0,2%, losing everything it had gained in the morning when the rumor of negotiations with Audi for the sale of Alfa Romeo became topical again.
Fiat Industrial fell by 0,9%, Finmeccanica -1,8%. StM also decreased -1,8%. Ansaldo StS lost 1,4%. Prysmian finished down 3%, Buzzi -2,6%. Eni lost 0,5% and the subsidiary Saipem fell by 1%. Positive Enel +0,2%, and Telecom Italia +0,9%. Tod's gained 1,9%, Mediaset -2,3%.
