Milan Stock Exchange weak, fears of Veneto Banca. Euro above $ 1.16 – Wall Street Italian

MILAN (WSI) – Accomplices new declines in banking stocks , for fear of the failure of the stock market listing of Veneto Banca after the flop of Pop Vicenza, Piazza Affari it was pressured by bearish, with the Ftse Mib index closed below the 18,000-point mark. Asian shares mostly positive, with the Sydney index has gained more than + 1%, after the Reserve Bank of Australia, surprisingly, cut rate at the record low of 1, 75%.

the disappointing data came from the macro front, and particularly China have been snubbed from Asia but not in Europe and the US, where increased fears of a slowdown in demand and the global economy. Announced the PMI index compiled by Caixin, for the month of April, fell to 49.4 from 49.7 in March. The decrease occurred for the 14th consecutive month, and brought the figure below the 49.9 points expected by Reuters.

From the corporate front, the focus is on the budgets of some Banks , such as UBS, who assisted in the first quarter to a profit drop of 64%, making it worse than expected. also made known the results of Commerbank, BNP Paribas and HSBC , which – as the rival that preceded the publication of balance sheets – have had to deal with the decline in trading volumes.

in the area of ​​raw materials, oil is growing, with WTI Crude contract around $ 55 and Brent above $ 46 on the currency , focus on the euro, which yesterday also exceeded the threshold of $ 1.15, reaching a maximum of nine months. Continues the single currency run, which now fluctuates around $ 1.1560.

Also at Eye drop in the Australian dollar , which fell to $ 0.7572, after having traveled around $ 0.77 before the announcement. Continues the yen’s race, with the dollar / yen falling below JPY 106. Immediately after the surprise move to the Reserve Bank of Australia, the ASX 200 index in Sydney gained + 1.53%, compared to +0, 55% prior to the announcement. The prevailing feeling in markets is that the central bank was forced to take action in an attempt to fuel the economic recovery.

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