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Borsa: Milan down with Stm and Enel, Unicredit runs

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(ANSA) – MILAN, 01 JUL – Start of session down again for Piazza Affari, worried, like the other European lists, by the risk of a recession triggered by the spiral of high inflation and rate hikes. The Ftse Mib index drops 0.5%, adjusting the lows since November 2018: on the main list suffer Stm (-2.4%) and Enel (-2.1%), which is affected by the cut in judgment by Hsbc. Also in letter Nexi (-2%), Prysmian (-1.9%), Terna (-1.9%) and Snam (-1.6%). Against the trend Leonardo (+ 0.8%), the pharmaceutical companies Recordati and Diasorin (+ 0.6%) while supporting the banking and insurance list, led by Unicredit (+ 1.5%) and Generali (+ 0.5%) ).

In line with the Tim price list (-0.6%) while press rumors speak of difficulties in reaching an agreement with Cvc for entry into the EnterpriseCo. Still high volatility due to the increase in Saipem, with rights suspended due to an excess of rise (+ 34.9%) after the collapse of the last few sessions. (HANDLE).

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Source: Ansa

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