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Stock Exchange: Milan closes down with Europe, Stm and Stellantis down

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Fashion: 53 billion Italian market, 2022 starts well (ANSA)

(ANSA) – MILAN, MAY 24 – The Milan Stock Exchange (-1.08%) closed down, in line with the other European lists. The uncertainty coming from China weighs heavily on the markets while the next moves by central banks are awaited. In Piazza Affari, Stm (-3.4%) and Stellantis (-3.2%) slide. The spread between BTP and Bund drops to 200 basis points, with the Italian ten-year yield below 3% (2.967%).

At the bottom of the main list also Moncler (-3.3%) and Banca Generali (-2.8%). The rise in the price of oil weighs on utilities with A2a losing 2.4%, Hera (-2.1%) and Enel (-1.5%).

The energy sector is also bad with oil in decline. In the red Eni (-0.7%), Tenaris (-1.3%) and Saipem (-0.9%), the latter always grappling with the procedures for the financial reinforcement. Tim is down (-1.7%), grappling with the events related to the Single Network.

The banking sector shines with MPS (+ 3.3%) showing off. Banco Bpm also did well (+ 1.1%), after it emerged from Consob updates that Amundi, the asset management company controlled by Credit Agricole, rose to 5.16% of Anima, the controlled savings manager at 20, 6% from the bank led by Giuseppe Castagna. Among the credit institutions, Bper (+ 1%), Unicredit (+ 0.4%) and Intesa (+ 0.2%) are also doing well. (HANDLE).

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Source: Ansa

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