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.
Source: Ansa
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