Closure in sharp decline for Business Squarewhich discounts i fears about Mario Draghi’s stay at Palazzo Chigi and investor concerns about an early termination of the legislature. L’Ftse Mib index ended the trading down of the1.6% to 21,348 pointsmaking Milan the worst among the stock exchanges of the Old Continent.
The BTP-Bund spread closes in 212 basis points. The yield differential between Italian and German stocks widened by 8 basis points compared to yesterday’s close and by just under 20 points compared to the lows of the day, marked after the opening of Draghi, in his communications, to the continuation of the government in the presence of broad support from the Parliament. The yield of BTPsthe worse among government bonds of the Eurozonerises by 6 basis points, to 3.37%.
Piazza Affari wears the black jersey among the European stock exchanges. The Ftse Mib lost 1.6% with Italgas (-4.2%) and Saipem (-3.9%) leading the falls. Intesa (-3.5%) leads the declines among banks, penalized by the growth of the spread and waiting to hear the decisions of the ECB on rates tomorrow. With Ca ‘de Sass the entire financial sector suffers a bit, with Generali (-2.9%), Bper (-2.9%), Unicredit (-2.8%), Banco (-2.3%) , Poste (-2.2%), Mediolanum (-2.2%) and Fineco (-2.1%). The energy stocks led by Enel (-3.1%), Snam (-2.4%) and Terna (-2.4%) are also bad. Only Stm (+ 2.2%), Diasorin (+ 1.5%), Tim (+ 0.8%) and Moncler (+ 0.5%) resist sales.
Source: Ansa
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