Bag; Europe in sharp decline burns 147 billion

Stop to polluting cars from 2035, ok to eco-fuels (ANSA)

The new session in decline of the European markets led to a final loss of the Stoxx 600 index, which groups the main stocks of the Old Continent, of 1.5%, which translates into about 147 billion of capitalization burned in a sitting only. Piazza Affari, with a final decline of 2.38% in the Ftse All Share index, leaves a capitalization of 15.4 billion on the ground.

The Milan Stock Exchange (-2.47%) closed heavily in line with the other European lists. Piazza Affari, the black jersey in the Old Continent, was weighed down by banks and cars. The spread between BTPs and Bunds rose, closing at 192 points, compared to 186.9 points on the eve, while the Italian ten-year yield dropped to 3.25%. At the bottom of the Unicredit and Intesa list, which yield just over 5%. Bad also Bper (-3.9%), Banco Bpm (-3.1%) and Mps (-2.9%). The automotive sector was also bad with Iveco (-4.8%), Stellantis (-3.3%) and Cnh (-2.2%). Declining debut for De Nora who leaves 4.4% on the ground at 12.90 euros, below the IPO price set at 13.5 euros. The increases in the price of gas penalized utilities with Enel (-3.3%), A2a (-3%), Hera (-1.4%). Energy is bad where Tenaris sells 2.5% and Eni (-2.4%). Sitting in the red for Saipem (-56% rights and -21% shares) while the capital increase is underway. Few titles avoid the storm. Moncler (+ 0.3%), Amplifon (+ 0.2%) and Recordati (-0.1%)

Source: Ansa

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