BackStock market: Milan remains weak (-0.7%) after the start of Wall Street, gas runs
Stock market: Milan remains weak (-0.7%) after the start of Wall Street, gas runs
Urgent
ANSA Economia1 hour agoBusiness1 min readItalyView original

Stock market: Milan remains weak (-0.7%) after the start of Wall Street, gas runs

Quick Look

  • European stock markets remain uncertain between the declines in Milan and Frankfurt and the increases in London and Paris.
  • Natural gas rises, while Bitcoin collapses below $79,000 due to fears of a hacker attack on Binance.
  • Amplifon collapses in Piazza Affari.

AI-generated summary

Why It Matters

Bitcoin fell following rumors of a hacker attack on the Binance platform. Amplifon recorded significant losses after the publication of its financial results.

Font size

The European stock markets remain uncertain after the start of Wall Street: the best stock exchanges are those of London and Paris, which rise by 0.2%, while Frankfurt loses 0.6% and Milan 0.7%.

The BTP-Bund spread remains rather calm at around 118 points, with the euro limited by 0.1% to 1.16 against the dollar.

In the energy sector, gas rises by 5.6% above 103 euros per megawatt hour, with oil in New York increasing by almost two percentage points to around 104 dollars a barrel.

Bitcoin fell below $79,000 (reaching lows around $78,297) after the hypothesis of a maxi-hacker attack on the Binance platform, which would have involved the unauthorized withdrawal of approximately $2.77 billion in various assets.

In Piazza Affari, among the main stocks, the slide of Amplifon continues (-13% to 11.2 euros) after the accounts released yesterday with the markets closed, followed by Technoprobe which drops by more than 7% also due to the global weakness of the hi-tech sector. Prysmian also did badly, losing five percentage points.

Some sales among the banks (Unicredit -1.3%, Mps -1%), while Moncler marks an increase of more than two percentage points.

Open Questions

  • Official confirmation of the hacker attack on Binance
  • Long-term impact on Amplifon's accounts

Related Topics

This article was originally published by ANSA Economia.

Related Stories

Savings in a changing society, the event at Acri. Panetta: "The economy is holding up but there are risks from prices and rates." Patuelli: "The maneuver is worrying." Giorgetti: "It's prudent, more than many would have liked"
Business·

Savings in a changing society, the event at Acri. Panetta: "The economy is holding up but there are risks from prices and rates." Patuelli: "The maneuver is worrying." Giorgetti: "It's prudent, more than many would have liked"

On the occasion of the 102nd World Savings Day in Rome, Minister Giorgetti defends the prudence of the Budget, while governor Panetta and the president of the Abi Patuelli express concerns about fiscal pressure and economic uncertainty.

ANSA Economia
3 min read
More on this topicbags