European stock markets down, Piazza Affari black mark amid fears over debt and oil

The European stock markets slide with the change in direction of Wall Street which is affected by the worse than expected ISM manufacturing data while Brent has returned above 100 dollars a barrel due to persistent fears about the Middle East.

Government bonds remain in tension. In Europe, where the financial maneuver presented by the Paris government is not convincing, fears about French debt are worsening the situation by pushing up yields. The Italian one at 4.69% is at a three-year high, second only to the French Oat (4.89%).

The BTP-Bund spread thus reached 115.1 basis points and is now at 114.5.

Piazza Affari leads the declines in the Old Continent (-1.7%) weighed down by financial stocks starting with Unicredit (-3.47%).

Fincantieri, on the other hand, went against the trend (+4.53%).