Ftse Mib continues to decline, fears over the ECB’s moves

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Difficult sitting for Business Squarewhich marks substantial losses, registering the fifth consecutive decline since last Friday, registering -1.19% at the end.

The main European lists are also in red where the negative performance of the French Cac stands out. The spread between BTPs and German Bunds stands at around 235 basis points, with the yield on the ten-year BTP nearly 4%.

The euro / dollar ratio continues in substantial parity. Gold, gas and oil are also falling. Thus, on the main Milan price list, there is still tension on energy stocks. Bpertherefore, falls by X, XX% after the ECB, following the acquisition of Banca Carige, notified it of an update of the decision regarding the requirements to be met. Bper will have to comply with a new requirement, on a consolidated basis in terms of Cet 1 ratioequal to 8.47% compared to the previous 8.29%.

Milan Stock Exchange today, 1 September: update at 18.00, Ftse Mib closes down

After yesterday’s bad result, the Ftse Eb it loses 1.19% and closes down at 21,302.16 points. On the main Milan price list again tension on energy stocks, which suffer the drop in the price of gas and oil. Eni continues its decline (-0.69%) after the 3.50% drop recorded yesterday.

For the rest they slip Interpump (-3.62%), Saipem (-2.45%), Azimut (-2.16%), Exor (-2.92%), Leonardo (-3.35%), Enel (-1.13%) and Stellantis (-1 , 68%). Instead, they are saved Tim (+ 0.58%)Unipol (+ 0.17%) and Hera (+ 0.04%).

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Update at 9.30, Ftse Mib characterized by strong declines

Telecom marks a positive leap of 2.33%, but with the exception of Unicredit and Unipol which gravitate on an equal footing in Piazza Affari are all large-cap stocks at a loss.

The strongest drops occur on Interpump Group (-3.28%), Amplifon (-2.92%) and Moncler (-2.49%), but sales are also concentrated on Fineco (-2.45%) , Leonardo (-2.16%), Genarali (-1.85%) and Stellantis with -1.51%.

On the Milanese list there is great attention on Bper following a precautionary appeal initiated by Malacalza Investimenti, a minority shareholder of Banca Carige: the Court of Genoa was in fact requested to prohibit the purchase of additional Carige ordinary shares in the case in which Bper reaches 95% of the ordinary capital of the Genoese institute.

The article is in Italian

Tags: Ftse Mib continues decline fears ECBs moves

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