UKRAINE EFFECT SUDDEN STOP OF STOCK EXCHANGES
THUMP OF LUXURY, BANKS AND UTILITIES DOWN
They move back European stock exchanges at the start of the week. Milan, together with Frankfurt, loses the most: the Ftse Mib index falls by 1,65% to 20626.
London falls by 0,49%, Paris -1,36% Frankfurt -1,65%. Madrid -1,35%.
They weigh geopolitical unknowns (Ukraine), the uncertainty spread by the French vote. Even more are the signs of weakness of the leading economies: after the slowdown in the Chinese PMI it was the turn, this afternoon, of US data: In March, the PMI index, calculated on the basis of a survey of purchasing managers of US manufacturing companies , fell to 55,5 from 57,1 the previous month, expectations were for 56,5.
Lo Italy/Germany spread on the ten-year stretch it went up to 184 basis points, the highest since the beginning of last week.
A Wall Street iThe Dow Jones falls by 0,49%, S&P -0,79%, Nasdaq -1,79%.
Among the Big of the technology rises only Apple +0,8% dfter the rumors about the negotiations with Comcast – o.1% the first cable operator in the United States, to have a preferential lane for streaming its iTV, able to compete with Netflix, which loses 7%.
Tesla -5,5% and Facebook - 5% also down.
To condition the Milanese price list are the profit taking on the banks.
To ballast the Milanese price list are above all the banks: Intesa-2,52%, Banco Popolare -4,04%, Pop. Milano -0,74%.
Positive Monte Paschi +1,54%. Banca Monte Paschi has granted a mandate to a pool of banks to issue a senior unsecured bond for a benchmark amount, ie at least 500 million.
Down Unicredit -1,7% which today began a road show among investors in Asia and Europe to place a hybrid perpetual bond in the amount of $2 billion.
It will be the first issue of one Italian bank based on the new Basel 3 rules.
The decline also affects the big names in the sector. In Paris Bnp Paribas and Société Générale are down, both -2% . Bad day also for Deutsche Bank-1,8% and Credit Suisse-1,4%.
In the general decline it is an exception Ansaldo Sts +1,85%, in anticipation of winning the order for the Lima metro (480 million) and after the rumors about the purchase offers. Finmeccanica -1,07%.
On positive ground too gtech +1% promoted by the broker Hammer a Buy with a target price of 30 euros.
On the other hand, the other blue chips are heavy: Eni -1,61%, Enel -2,13%.
Telecom Italia drops by 1,72%.
Weak other industrialists with the exception of Pirelli +1,19%, recovering after last week's losses.
Down instead StM lose 1,55%, Fiat -1,44%, Prysmian-12,5%.
Among the insurance Generali loses 1,4%. In 2013, the CEO, Mario Greco, received a fee of 2,7 million euros, of which 1,3 million as fixed emoluments and 1,41 million as bonuses and other incentives.
UnipolSai marks a drop of 1,76% after Friday's leap (+8%).
Among the blue chips of Piazza Affari the greatest losses concern the luxury sector: Yoox drops by 5,48%, the new entry Moncler -3,67% on the day of entry into the FtseMib index with a drop of 2,4%. Tod's loses 1,41%.
