black day for the stock markets, Milan is the worst in Europe: -3% – TGCOM

But it was a hard day for all European stock exchanges with operators that have had to juggle between sales on the automobile sector and the securities linked to raw materials, after disappointing data on the progress of ‘ German industry. Data that renew fears about the economic situation. The worst place was Milano, a decrease of 3%, in a passionate session especially for the banking sector.

The sales had already seen in the morning on the Far East markets: Tokyo lost 2 , 4% with export licenses, according to the maximum for a year and a half on the dollar marked the yen. The currency of the Rising Sun took off on the directions of the Governor of the Bank of Japan Haruhiko Kuroda said he was ready to further push rates into negative territory.

Bank tremble on the Ftse Mib – in Milan, Banco Popolare, in particular, suffered from the uncertainties on the values ​​of the capital increase and slipped to new lows losing 8% infecting BPM (-6.5%). Throughout the industry, however, it remains weak, even for the uncertainties on the suffering and the possible ECB intervention. Ubi has lost 5.9%, B to 5.7%, Intesa 4.3%. Updated historic lows even Mps, losing 3.8%.

The German locomotive slows – In Germany in February factory orders fell surprisingly by 1, 2%, compared with market expectations for a slight rise. The data was seen as a cold shower from the market, and a sign of unexpected uncertainty on the main European economies. Little support then arrived from the United States US, with the given weak PMI composite index on purchasing directors of the industrial and service sectors. In terms of raw materials, meanwhile, oil has moved its lowest last month on fears of a rise in US stocks (around $ 35.5 per barrel WTI crude). While gold, a safe haven par excellence, rose 1,% to $ 1.228 an ounce.

Also brakes the car industry – Among the titles of ‘ car in Europe also weighed the Peugeot thud, fell 6.5% after the presentation of the new plan. Paris lost 2.18%, Frankfurt 2.63% to 1.19% and London. ArcelorMittal has lost 5.9%, Glencore 5.3%, BHP Billiton 4.6% and Anglo American 4%.