MARKETS. Milan lost nearly 5 percent
Milan , January 5, 2015 – 16:12
Milan closes down 5%
The Milan Stock Exchange recorded the worst performance in Europe, and leaves on the ground almost 5%, reflecting the concerns over Greece’s future in Europe. Italian indices, negative right from the start, they have expanded the losses in the second part of the session, and particularly after the opening of Wall Street. Among the titles of the Milanese listing, among the largest increases with green sign Luxottica that earns 1.2 points, followed by Banca Mps. Among the minus signs, however, that in red Eni sells 8.1 points, but in decline even Unicredit, Enel, Intesa Sanpaolo and Ubi Bank.
EU: “Membership in euro irrevocable ‘
The rumors reported over the weekend by the German weekly Der Spiegel on the possible opening of Germany to a Greek exit from the Euro, in fact, have unnerved markets, despite the German government then denied a change route. And on Monday, comes the comment remote European Union. To define ‘irrevocable’ membership of the eurozone is a state, recalled spokeswoman Annika Breidthardt, Article 140, paragraph 3 of the Treaty of the European Union. It is not the first time since the start of the Eurozone crisis, the Commission, an institution that has as main task of “guardian of the Treaties” quotes the letter of the text to remember that the exit from the Euro of a country that is part of it is not an option. As well as, consequently, has already been mentioned on several occasions that in order to consider such an eventuality would be necessary before a treaty change, for which the procedure requires unanimity of the count ries, the approval of Parliament and subsequent ratification, where applicable, by national parliaments.
The Greek stock market has lost 5.63%
The political debate does not seem to wane, and they assume that this uncertainty will continue in the coming weeks. In anticipation of the Greek elections. Meanwhile, the spread between BTPs and German Bunds to share closes 133 points, with the yield of ten-year 1.83%. The Greek stock market has lost 5.63%, weighted mainly by bank stocks. Also hurt the other European exchanges, and in particular the squares of the peripheral countries, with Madrid down 3.41%. Paris gives 3%, Frankfurt and Madrid 2.47% 3.25%. Accelerates downward Wall Street in the wake of falling oil prices. The Dow Jones, after opening with a red by about half a percentage point, yields currently 1.32% to 17596.92 points, while the S & amp; P500 leaves 1.43% to 2028.81 points and the Nasdaq shows a decline of 1.06% to 4676.61 points.
Petroleum , WTI falls below $ 50 to its lowest since April 2009
A peak also WTI oil, which fell below 50 dollars for the first time since April 2009. The contract Use was down by $ 2.46, or 5 percent, to $ 55.23 a barrel shortly before 18 hours Italian, but had fallen to a low of $ 49.95 earlier. Minimum from May touched, however, by the Brent oil, which stood at $ 53 a barrel, falling to $ 3, even after reaching $ 52.66.
January 5, 2015 | 16:12
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