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Stock Exchange: Milan, queen of Europe with anti-spread shield (+ 2.87%)

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Castiglione del Genovesi, National Festival of Civil Economy: the countdown has started (ANSA)

(ANSA) – MILAN, 15 JUN – It went well in Piazza Affari, better than in the rest of Europe, of which it was the queen on the day when the extraordinary council of the ECB decided to develop an anti- spread. With the spread between German BTPs and Bunds down to 216.5 points, but also dropped below 211 on the day and the yield down 36.4 points to 3.799%, the Ftse Mib Index rose by 2.87% at 22,473 points, doubling the other lists of the Old Continent. Trading is recovering for over 2.4 billion euros in turnover, more than on the eve (2.06 billion), but less than last Friday (3.36 billion).

With the decline in yields, which translates into a higher value of securities in the portfolio of banks and insurance companies, the securities of the sector literally flew, from Fineco (+ 6.73%) to Intesa (+ 4.6%), from Unicredit (+ 3.74%) to Bper (+ 3.93%), Banco Bpm (+ 3.43%) and Generali (+ 4.06%). The car sector also did well from Pirelli (+ 4.93%)., Which recovered from the slip of the day before, Ferrari (+ 3.29%) and Stellantis (+ 2.82%). Iveco (+ 4.53%) and Campari (+ 4.43%) did better, in the wake of the optimism triggered by the decision of the ECB. Few minus signs, limited to Saipem (-5.41%) and Tenaris (-2.98%), linked to crude oil prices (Wti -1.97% at 116.93 dollars a barrel), after the unexpected US weekly inventories rise 1.95 billion barrels, expected to fall by 1.31 billion.

On the other hand, Eni did not suffer (+ 0.64%), in contrast with the rest of the sector in Europe, which announced its commitment to increase gas imports from other countries after the 15% cut announced by the Russian Gazprom. Italgas did well (+ 1.21%), which presented the 2022-2028 Strategic Plan with 8.6 billion in investments. (HANDLE).

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Source: Ansa

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