Last session before the elections strongly negative for the Milan Stock Exchangethe worst among the main equity markets in Europe, where however all the lists have slipped: the Ftse Mib index closed down 3.3% to 21,066 points, on the lows of the day. Among the major titles of Piazza Affari, sudden slip by Tenaris (-8.3%) also on the weakness of oil, bad Leonardo (-6%) with Eni and Intesa, which both sold 4.7%. He tried to keep Atlantia, filed by 0.3%.
The dollar strengthenswhich changes hands at 1,025 euros and at 0.9 pounds, while crude oil collapses (Wti -3.53% to 80.61 dollars a barrel) due to fears of a recession, as revealed by the PMI indices that are falling above the estimates in France, Germany and the EU. The analogue given also in the USA is expected.
Credit Suisse banks (-9.71%) are under pressure, denying rumors of an exit from the US market, Commerzbank (-5.03%), Banco Bpm (-4.63%), also frozen for excess decrease) and Unicredit (-3.59%), in the aftermath of the rally due to advances on a possible increase in estimates for 2023 by the CEO Andrea Orcel. The oil companies Tenaris (-4.78%), Shell (-4.74%), Bp (-3.66%), TotalEnergies (-3.55%) and Eni (-3.51%) weigh.
I work as a news website author and mostly cover the opinion section. I have been writing since I was a teenager, and have always enjoyed telling stories. I studied journalism at university and loved every minute of it. After graduating, I decided to move to London and take up a position with a Global Happenings. It has been an incredible experience, learning about all sorts of different cultures and meeting some amazing people. My goal is to continue learning and growing in my career so that I can provide readers with the best possible content.