Start of the week in sharp decline for Piazza Affari and the other European stock exchanges. In Milan, the FtseMib index fell by 1,7%, to 15.616 points, with declines widespread among all blue chips. The London Stock Exchange drops by 0,73%, Frankfurt -1,36%, Paris falls by 1,27%. Madrid -0,84%.
On the government bond market, the 10-year BTP is traded at a yield of 5,05%, with a spread at 357. Euro down to 1,296 against the dollar, from 1,304 on Friday evening. Weak oil with WTI down 1,6%, at 88,4 dollars a barrel, and Brent at 110,8 dollars (-1,1%).
After the enthusiasm on Friday triggered by the data on the US unemployment rate at its lowest in almost four years, investors are once again worrying about the resilience of global growth: the World Bank today reduced its estimate for East Asian growth .
Sharp declines among banks: Unicredit -1,93% Understanding -2,77% Montepaschi -2%. The popular ones are also very weak: Ubi -2,49%, Banco Popolare -2,5% e Pop Bank. Emilia -2,65%. Among the main stocks of Piazza Affari, the greatest drop is by Fiat, which drops by 3,04%. Fiat Industrial loses 2,36%. Consob has requested clarifications regarding the liquidity of the Lingotto.
Enel falls by 1,8%. Electricity consumption in Italy fell by 9,6% in September compared to the same period of the previous year. It is the worst figure of all of 2012. Since the beginning of the year, net of the detachment of dividends, Enel has lost 9%. It gets worse A2Aa -2,34%.
Down too Finmeccanica, -1,5%. Mediaset drops by 1%: Goldman Sachs confirmed the judgment sell with a target price raised to 1,05 euro from 0,9 euro. L'Espresso loses 2,9%. Rcs, on the other hand, rises by 3,7% on the rumors according to which Diego Della Valle would like to increase his stake to 12-16%, from the current 8,7%.
Marcolin runs up 5,8% after the official confirmation that the private equity fund Pai is negotiating the purchase of a major stake from some shareholders. The assumed price, around 300 million, is not far from the current stock market prices of the stock (286 million the capitalization on Friday). Marcolin would therefore be valued approximately 9 times the estimated Ebitda for this year.
