ANSA Economia1 hour agoBusiness1 min readItaly

Stock market: Milan slips (-1%) with BTPs, the spread goes back to 111

Ftse Mib at -1%, Btp-Bund spread rises to 111 points. Banks and tech companies under pressure, Tim and Stellantis doing well

Quick Look

Piazza Affari accentuates the losses with the Ftse Mib falling by 1% due to the sales of European government bonds.
BTP-Bund spread at 111 points, BTP yield at 4.61%.
Banks and technology fell, while Tim and Stellantis recorded increases.

AI-generated summary

Why It Matters

Sales of government bonds are back in Europe with particular pressure on France, Italy and Greece.

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Piazza Affari accentuates the losses after the first trading with the Ftse Mib down 1% while sales on government bonds return throughout Europe, with those of France, Italy and Greece under greater pressure.

The yield on BTPs rises by 9 basis points, to 4.61%, and the spread with the Bund widens by almost 7 points, to 111.

On the Milanese list, technology stocks and banks slipped, led by Technoprobe (-3%), Prysmian (-2.8%), STM (-1.8%), Bper (-1.5%), Unicredit (-1.3%) and Banco Bpm (-1.3%) - Mps lost 0.7% and Intesa 1%, with the Monte shares aligned with the offer of Ca' de Sass while the CEO of Mps, Luigi Lovaglio, is looking for a difficult road to get out of the corner after the relaunch of Intesa.

Tim recovers (+2%) after the strong sales of the day before and Inwit rises (+1.9%) together with Stellantis (+1.6%). Saipem (+0.9%), Tenaris (+0.2%) and Eni (+0.1%) are keeping pace with the price of oil.

Open Questions

What macroeconomic factors triggered the sell-off in government bonds?

Stock market: Milan slips (-1%) with BTPs, the spread goes back to 111

Ftse Mib at -1%, Btp-Bund spread rises to 111 points. Banks and tech companies under pressure, Tim and Stellantis doing well

Quick Look

Piazza Affari accentuates the losses with the Ftse Mib falling by 1% due to the sales of European government bonds.
BTP-Bund spread at 111 points, BTP yield at 4.61%.
Banks and technology fell, while Tim and Stellantis recorded increases.

AI-generated summary