Collapse of the Athens Stock Exchange on the first day of trading after the closing five-week: the main index, very weak after its launch, has closed down 16%.
Cautious but mostly positive the other European markets, despite the collapse of Athens and very comforting data published in China, with the manufacturing index fell to the lowest since November 2011. Among the most rarefied exchanges indexes have ignored thud of 16% of the list greek and have closed up, except London which remained weak.
Milan ended the trading day in advance of 0.75%, also because of the fact that the manufacturing July recorded the biggest increase over four years. At the Milan stock continued to run the Fiat (+ 3.78%), always in the wake of the excellent quarterly announced last week and waiting for data on registrations Italian July.
The actions the financial Exor, after skidding recorded at mid-day, rose 1.18% on the day of the holding company will buy the reinsurer PartnerRe to $ 6.9 billion.
Telecom Italy He has come up with a rise of 2.5%, while approaching the merger between Wind and 3 Italy giving verve to the entire sector. Well Mediaset (+ 3.29%) and Mediolanum (+ 5.15%) in the wake of positive recommendations.
The collapse of Athens . Heavy day for bank stocks, almost all close to the threshold of loss of 30%. Fairly stable instead of Greek government bonds, which in the weeks of negotiations between the government greek and creditors were bargaining in markets Telematics: the 10-year bond moves to a flat rate of 11.5%, one to two years is in some tension with an increase in the yield of about 50 basis points and a rate of 20.5%.
In the Exchange National Bank of Greece and Piraeus Bank have given the maximum of 30%, Eurobank and Alpha 29.8%. The title of Hellenic Exchange (the management company of the Exchange) has lost 23.4%, Public power corporation more than 22%. Among the less significant declines, what stands out of the Port of Piraeus (-6%), of which a large part of the shares also may come on the market soon.
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