weak session of European stock exchanges. In Milan on bank sales – The Republic

MILAN – The profit taking zavorrano European stocks despite the good data coming from the industrial production in the UK (+ 0.3%) and the placement of 6.5 billion Bot to a year to negative rates: the Treasury has allocated all securities with a yield fell to -0.081 -0.14% from April, good inquiry to 11.12 billion. Piazza Affari is the worst and closes in red 1.32% sunk by banking stocks, while Frankfurt yields 0.7% and Paris 0.5%. London closes fractionally upward (+ 0.09%). Also weak Wall Street: when they close European markets, the Dow Jones sells 0.7%, the S & amp; P 500 0.3% as the Nasdaq. In Milan dominate sales on securities from banks, with Banco Popular also suspended for excessive downward after it announced a first quarter in red and an upcoming capital increase. The Venetian bank, also carries with him his betrothed Popolare di Milano with which will be based in the second half of the year. The adjustments on the budget requested by the European Central Bank have raised fears that the risk can also be extended to other banks. In contrast only Mediobanca, after having spread a good quarter. Also hurt Mediaset, after the account of Eve.

The spread between ten-year BTPs and German Bund drops to 134 basis points: the return on Italian ten-year bonds in the secondary market amounted to 1.47%, while the rate of Bund with the same maturity stood below 0.13 percent stake. The euro closed at moderate rise to $ 1.1430 and 124.11 yen. From a macroeconomic point of view, you are clearing the situation between the Troika and Greece: the European Commission should push to give the green light to the new tranche of aid to Athens that will serve to repay debts maturing in early summer. Also from Brussels come rumors about the green light to the flexibility requested by Italy on the accounts: the definitive ok could arrivere next May 18 to mark the publication of country-specific recommendations.

Continue in Asia running of raw materials, carrying with it the titles of the sector, although not sufficient to kill off the lists so bright because of the yen’s rebound. The index of Tokyo , the Nikkei, ending the session, with a minimum increase, by 0.08% (13.82 points to 16579.01). The main indicator of the Asian stock market was stronger party thanks to the fall of the Japanese currency, after the words of the Japanese finance minister, Taro Aso has explicitly said that Tokyo will intervene in the currency market if the Japanese currency will continue to strengthen. Later the appreciation of the dollar and euro has made then change the course of the day. The broader Topix index was instead contracted by 0.04% to 1334.30 points.

The price of oil moves to New York in the wake of the unexpected drop in weekly US stocks. Light crude WTI backs off 83 cents at $ 45.49 a barrel on the London Brent grows by $ 1.08 to $ 46.60 a barrel. In the week ended May 6 oil stocks in the US fell by 3.41 million units to 539.984 million, while analysts expected an increase of 400,000 barrels, after growth of 2.784 million in the previous units. The use of the plant capacity has amounted to 89.1%, less 89.7% since the previous year and even less the 90.2% expected by analysts. Investors continued to calculate the effects of the disruptions to production in Canada and Nigeria because – in the order – of a fire exploded on May 1 and tensions that have forced some oil companies to evacuate non-essential personnel. Now the prices are stable at $ 44.6 per barrel, while the ‘ Gold salt 1% to $ 1,273.

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