(ANSA) – MILAN, 10 JUN – It is a black Friday for Piazza Affari (Ftse Mib -5.17%) as well as for the other European stock exchanges and for Wall Street. But Milan does worse than all. The data on American inflation bent the indices, leaving no more doubts about a new full-bodied intervention on the Fed rates as early as Wednesday, following the formalization of its next intervention, the first, in the same direction by the ECB . As regards Italy, the latter disappointed the expectations of those who were aiming for an anti-spread shield for the peripheral countries of the eurozone. And in the generalized upward movement of bond yields, the differential between the BTP and the Bund widened again (to 224.1 points) with the Italian ten-year yield returning to its highest levels since February 2014 (3.75%).
At the same time, the stock markets suffered, where banks collapsed first of all, in Italy more than elsewhere penalized by the fall in the prices of government bonds. Leading the crash was Bper (-12.9%), on the day it presented the new plan, together with Banco Bpm (-12%). But Fineco (-9.4%), Unicredit (-9.1%), Azimut (-9%), Banca Generali (-8.3%), Unipol (-8.2%) did not do much better. Intesa (-7.3%). In the main basket only Atlantia was saved (-0.22%). (HANDLE).
Source: Ansa
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