Friday, August 14, 2015

Milan Stock declining with Athens – BBC



Milan , August 14, 2015 – 11:07

     
     
 

Before starting a positive, with a hesitant start which was followed by a increase in earnings after a few surprises from macroeconomic data on GDP for the second quarter and the third ok Parliament greek bailout. Then, halfway through the day, a turnaround with the other European stock markets. The eve of August, for the Milan Stock Exchange, has deceived investors in the early stages of the session and then retrace after the fall of Athens (-2.4%) and the fear of deflation in the euro, with falling prices of 0, 6% between June and July. In mid-session Milan yields 0.7% with weak banks: Ubi -1.5%, -1.3% MPS, Intesa -1.2%. Eni also down (-0.9%), attenuates the rise of UnipolSai (+ 0.8%). Among the smaller capitalization securities, against Tiscali (+ 4%) on the assumptions that could fall within the reorganization of TLC.

Macro-economic data and Greece

All as in the forecast of GDP for Italy. Istat estimates that Italian GDP grew by 0.2% in the second quarter 2015 compared to the previous quarter and by 0.5% in comparison with the second quarter of 2014. The change gained in GDP, according to the ‘ Istat, for 2015 is + 0.4%. This is the annual growth would be achieved in the presence of a short-term change anything in the remaining quarters of the year, namely the growth December 31 if from now until the end of 2015 Italy did not grow more. In Greece, however, it’s yes to Parliament’s third bailout after a marathon night: the package was approved by a majority. The prime minister, Alexis Tsipras, had asked the Chambers to vote the plan to ensure the survival of the country.

August 14, 2015 (modified August 14, 2015 | 13:53)

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