(ANSA) – MILAN, JUN 01 – Piazza Affari, like the other stock exchanges, begins the new month with a weak session, where fears prevail of a decisive tightening of rates by the ECB, as well as by the Fed, to keep the ‘inflation.
with the effect of increasing government bond yields. The general movement contributes to the widening of the BTP-Bund spread which exceeds the threshold of 200 points reaching 201.4 with the Italian ten-year yield at 3.19%.
In Milan, the black jersey goes to Saipem (-4.09%): the title changed direction after having welcomed the group’s departure from onshore drilling activities in the morning.
He took profit on Tim (-3.5%). On the other hand, Stellantis (+ 1.74%), Pirelli (+ 1.07%) and Tenaris (+ 0.7%) did well, with oil only partially helped by the rise in crude oil on the eve of Opec + from which, moreover, it is not expected. an increase in production to cope with the partial embargo decided by the EU on Russian oil. A slight decrease was Bper (-0.24%) which sold its pos activities to Nexi (-0.44%) and then, with the stock market closed, obtained the antitrust’s go-ahead for the purchase of Carige (-0 , 13%).
(HANDLE).
Source: Ansa
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