Monday, January 4, 2016

The risk China sinks European stock exchanges. Frankfurt loses more than 4%, 3% Milan. Ferrari debuted at 43 euro – Il Sole 24 Ore

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This entry was posted on January 4, 2016 at 09:07.
The last change is the January 4, 2016 at 13:39.

European shares inaugurate 2016 with a marked red because of the Shanghai and tensions in the Middle East. The thud of lists Chinese (-7%), due to the further contraction in manufacturing activity but also the fear of new measures of financial market regulation on the part of Beijing, has had immediate effects on the indices of the Old Continent. In December, the index on the Chinese manufacturing sector realized with purchasing managers of companies have marked a deterioration to 48.2 points from 48.6 in November showing further risk of weakening Asian economy.

European shares
In mid-session, Frankfurt, where resists the only Lufthansa, moves back by 4.3%, while Paris and Madrid yield 2.7 percent. Even London and Zurich slipping 2.5 percent. Milan Stock Exchange is one step away from -3%, the FTSE MIB falls of 2.96% hit by sell-off but mainly penalize the luxury and asset management. In this context the debut of Ferrari in Milan was without barrels: after starting at 43 euro (down than the prices on Wall Street and the adjusted price after separation from Fca) the stock rose 0.08% now to 43 , 46 euro. Fiat Chrysler instead slipped by 2.4% to 8.355 euro.

On the currency front, the euro back above the 1.09 and is at $ 1.0912. WTI rises by 0.8% to $ 37.35 per barrel. A steep decline was the future of Wall Street: -1.8% for contracts on the Dow Jones and the S & amp; P500.

The prices of Red and Fca
In front of the Stock Exchange, as had happened in New York on the occasion of the listing on Wall Street, has exposed the full range of Maranello: ten models including the latest addition, the F12 Tdf. Stock Exchange Palace Ferrari red, with banners on the facade of the house of Maranello.

The title Ferrari, said the CEO of the Italian Stock Exchange, Raffaele Jerusalmi, will join the FTSE MIB index. “With the listing has opened a new chapter. It is a new goal, a new start. ” So the president of Ferrari Sergio Marchionne after the debut of the Maranello Stock Exchange. “Competing on the list of Milan for Ferrari is like going back to basics,” he added. And on the share price he said: “The closure of the market today do not think is a sign of anything. It will take time. Today’s result, Ferrari, on the stock exchange will be for people who take a stand. We have to wait for the next two weeks interference disappear. We expect settles. It will take time. ” And on Fca, after spinning off Ferrari, Marchionne has confirmed the 2018 target, “Melfi’s going great, I share the optimism of Renzi for 2016. Let’s see tomorrow how the market will go. December was a month decent, good for the North American market and European, are quite happy with the 2015, and I have no reason to think that 2016 will be different. ”

Also present was the President of the Council, Matteo Renzi. The prices of Ferrari is “a very nice gesture, very important and I think that should be followed by other companies that are listed outside the country,” said the premier. “Right now the Italian Stock Exchange has had outstanding results, posting in 2015 the best increase among bags Western – said Renzi – I believe that the listing of Ferrari is an extraordinary opportunity for investors,” he concluded.

A Palazzo Mezzanotte with Sergio Marchionne, President of Ferrari, are John Elkann, chairman of Fca, Piero Ferrari, son of founder Enzo, the CEO of the Maranello Amedeo Felisa, the director of the department Maurizio Arrivabene races. This also Lapo Elkann.

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