Stock Exchange: Milan widens its decline (-1.4%) with Fineco and Stellantis

Work, Landini:

(ANSA) – MILAN, 03 JUN – The decline in Piazza Affari in the last hour of trading widens, with the Ftse Mib index falling by 1.4% to 24,138 points. The differential between German BTPs and ten-year Bunds remained at 210 points, with the Italian yield growing by 6.7 points to 3.361%, as in January 2018. They weigh on the Fineco blue chip basket (-4.44%), also frozen on the downside, together with Bper (-3.35%), Stellantis (-3.25%), Nexi (-21.35%) and Banco Bpm (-2.32%). Intesa under pressure (-1.72%), while Unicredit appears to be more cautious (-0.71%).

Few increases, limited to Leonardo (+ 1.81%), after Rheinmetall’s offer for 49% of Oto Melara anticipated by the German press. Eni is also improving (+ 0.94%), driven by crude oil (Wti + 1.16% at 118.23 dollars a barrel), while Saipem is moving against the trend (-2.23%). Little move Tenaris (-0.1%), fined for 78 million dollars (72.72 million euros) by the SEC for bribes to Petrobras. (HANDLE).

Source: Ansa

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