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Stock Exchange: Milan worsens with Europe, badly Saipem, Mps, Pirelli

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The 200 euro bonus paid to 13 million pensioners (ANSA)

(ANSA) – MILAN, AUGUST 17 – Piazza Affari continues the downward trend after the negative opening of Wall Street, in the wake of the other European stock exchanges. Risk aversion prevails among investors, thanks to the rush in energy prices and fears that the Fed’s minutes could reveal a particularly ‘hawkish’ board in the July session.

Milan and Paris lost 0.8% while Frankfurt slipped by 1.6% and London fell by 0.4%. The BTP-Bund spread remained at 221 basis points, up by 6 basis points, with our ten-year returns jumping almost 17 points to 3.29%, in a context of generalized sales on the bond market.

On the Milanese list, Saipem (-3.4%), Mps (-3.1%), Pirelli (-2.7%), Iveco (-2.7%) and Buzzi (-2.7%) suffer. In contrast only Campari (+ 1.7%), to which are added the fractional increases of some utilities, such as Italgas (+ 0.4%) and Snam (+ 0.4%), and Eni (+0, 2%). The price of gas continues to reach its maximums (+ 1.7% to € 229.8) while oil also starts to rise (+ 0.6%) with wti at 87 dollars and brent at 92.5 dollars. (HANDLE).

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Source: Ansa

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