Stock market: Milan black top in Europe (-2.5%), Unicredit and Intesa lead the banks' declines

Bad session for Piazza Affari which marks the biggest loss in Europe, in parallel with the growth in government bond yields, although not as high as the French ones. The Ftse Mib fell below the 50,000 point threshold with a drop of 2.51 percent.

The sales targeted Prysmian (-4.68%) and STM (-4.07%) and almost all the banks starting from Unicredit (-4.18%) and Intesa (-4%). Stellantis moved against the trend (+1.36%), in a positive session for automotive stocks, due to the idea that any EU limitations on the import of Chinese hybrid vehicles could favor the Italian-French group on a par with Renault and Volkswagen, which were also positive on the Paris and Frankfurt lists.

Oil companies Saipem (+0.11%) and Eni (+0.41%) held firm, in the wake of the rise in crude oil prices. Campari (+0.49%) and in fashion Cucinelli (+0.22%) also did well. Inwit is at the top of the podium (+1.87%) also thanks to Deutsche Bank's good judgment on Vodafone and its subsidiaries.