Stock market: Milan negative (-1%) with Europe, banks weak
Quick Look
- Piazza Affari reduces the negative start with the Ftse Mib falling by 1%, in line with Paris, while London and Frankfurt lose 1.5%.
- Spread at 108 points.
AI-generated summary
Why It Matters
European and Italian stock markets recorded a decline in early trading in a climate of general nervousness on the financial markets.
In early trading, Piazza Affari reduces the largely negative start by a few fractions: the Ftse Mib index drops 1% in line with the Paris Stock Exchange, while London and Frankfurt drop around one and a half percentage points.
The BTP-Bund spread is calm at 108 basis points, with the euro weak (-0.2%) against the dollar at 1.118.
In the energy sector, after an upward start, gas fell by 2% to 88.4 euros per megawatt hour, while oil in New York lost a few fractions of a point to 90 dollars a barrel.
In a nervous climate, with the futures on the start of Wall Street uncertain, in Piazza Affari among the major stocks the heaviest is Saipem, which drops 2.7%, followed by Banco Bpm down 2.6%.
The credit sector is generally negative, with MPS fluctuating at parity after the quarter's accounts. Technoprobe rebounds (+1.7%), Buzzi rises by 1.8%.
Open Questions
- What will Wall Street trend at the close?
- How will the spread evolve during the day?
