Milan closes the Stock Exchange on Wednesday with the worst result among the European lists -1,44%. A day marked by strong tensions in the international financial system. The fear of a Greek debt restructuring and the words of the head of the Fed, Ben Bernanke, weigh on the markets. The US governor had signaled yesterday that the current 'quantitative easing' (hyper-expansive monetary policy) could end next autumn. European markets ended their operations in negative territory. London scored -0,95%, Paris -0,88% while Frankfurt recorded -0,61%. In the morning, Asian stock exchanges were in swing, with Tokyo which scored a +0,07% while Hong Kong burned -0,91%.
The negative performance of the Ftse Mib index can be explained by the significant weight of bank stocks which, in addition to discounting the difficult international situation, must respond to the pressures deriving from the capital increases in progress or planned for many institutions. And this is how Banca Mps is approaching the recapitalization, marking a sharp decline (-3,10%) after the decision was made yesterday to increase the purchase price of Fresh 2003 securities. Negative record for Banco Popolare (-4,34 %), followed by Ubi Banca (-3,28%) and Bpm (-2,72%), which continues to discount the uncertainty surrounding the recent inspection by the Bank of Italy. The only blue chip on the rise is Bulgari (+0,25%). The situation in the All Share index is more varied, where the good performance of Bialetti (+5,68%) and Industria e Innovazione (+4,96%) stands out. Maire Tecnimont stock dropped to -14,64%, after the release of the results of operations in Brazil in the energy sector. Among the banks, the strongest crash is that of Unipol (-7,87%).
The single currency was stable, closing at 1,4575 dollars per euro. The renewed uncertainty pushes up the price of crude oil which returns to $100,75 a barrel. Gold, on the other hand, closed slightly lower at $1538 an ounce.
