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Stock Exchange: Milan weak (-1.4%) with Europe, sells Saipem

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(ANSA) – MILAN, JUN 30 – A difficult morning for European stock exchanges, after Fed President Powell clearly repeated that the US Central Bank’s goal is to fight inflation, with a possible depressive effect on the US economy .

In a very nervous climate, Frankfurt lost 1.8%, with Paris down by 1.7% and London by one and a half percentage points. Milan was also down (Ftse Mib -1.4% after touching drops of around two percentage points), with Amsterdam negative by 1.2% and Madrid by one point.

Gas continues solid, increasing by 2% to 144 euros per megawatt hour, while the tension on European government bonds drops, with the 10-year BTP rate at 3.35% and a spread of 191 due to the greater decline in yields of the German Bund.

In Piazza Affari, a new slip for the rights on Saipem’s capital increase, stopped almost immediately in the volatility auction and then fell back by more than 20% to 2.21 euros, with the share (by now scarcely representative) losing the 12%. However, the low interest among investors should not jeopardize the success of the increase, also guaranteed by a consortium of banks.

Sales also on Unicredit, which fell by 4%, and Intesa, down by almost three points. The weakness of the sector also affects Mps, which drops by more than 3%, always close to an all-time low. Male Tim (-2%), in contrast to Terna and Snam, which rose by one percentage point. (HANDLE).

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Source: Ansa

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