Stock Exchange: Milan turns negative (-0.6%), Tim and Intesa down

Dear bills, double-digit increases for bread and coffee (ANSA)

(ANSA) – MILAN, APRIL 04 – Piazza Affari turns negative after a start above par. The Ftse Mib index dropped 0.6% to 24,906 points. The differential between German BTPs and Bunds rose to 157.4 points, with the annual yield on ten-year bonds rising by 3.9 basis points, almost double the European average, to 2.128%. Under pressure Tim (-2.89%) after rumors of a possible revision of the offer of Kkr following “changed scenarios” compared to last November, when the fund put € 0.505 per share on the plate. A negative sign also for Interpump (-3.52%), Cnh (-1.45%), Iveco (-1.43%) and Snam (-1.4%), on the long wave of the change at the top proposed by Cdp shareholder (31.35%), with the farewell of the CEO Marco Alverà, who will be replaced by Stefano Venier.

Intesa (-1.57%) and Unicredit (-0.96%) banks decreased, unlike Banco Bpm (+ 0.63%). Few increases, limited to Leonardo (+ 3.04%), A2a (+ 2%), Moncler (+ 0.83%), Amplifon (+ 0.96%), Tenaris (+ 0.76%), Inwit (+ 0.78%) and Eni (+ 0.22%).

(HANDLE).

Source: Ansa

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