Stock Exchange: Milan down with Europe, banks and Tim weigh in

Bills, first drop in 18 months but the bill is high (ANSA)

(ANSA) – MILAN, MARCH 31 – The Milan Stock Exchange (-0.7%) continues to decline, in line with the other European lists. In Piazza Affari the banks and Tim think (-7%) while the utilities are on the rise.

The spread between BTPs and Bunds stood at 149 basis points, with the Italian ten-year yield falling to 2.05%.

Among the credit institutions, Banco Bpm (-3.3%), Bper (-3.1%), Unicredit (-2.7%), Intesa (-1.9%) and Mps (-1, 7%). Nexi was also bad, suspended in the volatility auction with a theoretical decline of 4.7%. Heavy Iveco (-4.9%) and Stellantis (-2%).

The run of Generali continues (+ 3%), in the wake of the presentation of the plan of candidates on the Caltagirone list who also receive the support of Leonardo Del Vecchio. Saipem is doing well (+ 3.9%), grappling with the financial maneuver to restore the accounts. Profits include Snam (+ 1%) and Italgas and Enel (+ 0.7%). A2a (+ 0.6%) and Erg (+ 0.4%) also did well.

(HANDLE).

Source: Ansa

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