Stock Exchange: Europe widens decline, Milan holds with Stellantis

Barilla turns 145 and reopens its historic workshop from 1877 (ANSA)

(ANSA) – MILAN, MAY 06 – The stock markets of the Old Continent pass the half-day mark and are progressively worsening: Amsterdam drops 1.6%, Paris and Frankfurt 1.3%, with London and Madrid falling by 0.8% while Milan remains the only one trying to hold on by containing the drop to 0.2%. The Moscow Stock Exchange is flat.

Traders await US macro data and the launch of Wall Street, whose futures are weak. Gas is slightly down at € 104 per megawatt hour, while the spread between BTP and Bund continues to fluctuate around 200 basis points, with the Italian yield reaching a peak of 3.09% for the day. In Piazza Affari, Stellantis accelerates (+ 3.8% over 13 euros), with Intesa down by about one percentage point after the accounts with the adjustments for Russia and the confirmation of the plan and profit targets. Male Campari, which lost 4%, while among the minor stocks, MPS lost 3.8% on the day of the quarterly report.

In Europe, Freenet collapsed by 18% after a downgrade by Ubs and Prosieben, of which Mfe-Mediaset is the largest shareholder, sold 9% after the shareholders’ meeting due to the ex-dividend (ANSA).

Source: Ansa

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