The tensions on banks they return to unload on the Stock Exchange. After an uncertain start, Piazza Affari took the downward path, closing down by 2,45% at 16.818,25 points. Same sign for the main European squares, albeit with more contained reds: Paris -0,9%, London -0,4%, Frankfurt -0,98%. The Btp Bund spread jumped 12% to 131 basis points and yielded 1,41%.
An indication of concern comes from the ECB's annual report: "We have to deal with the uncertainty of the global economy's prospects, with ongoing disinflationary forces and with the question of which direction Europe will take and its ability to face new backlash,” he wrote Mario Draghi adding that "the ECB does not give up in the face of excessively low inflation".
Plus there are the subdued moods of Wall Street depressed by the drop in crude oil which drops 2% to 37 dollars a barrel. The Dow Jones lost 0,83% and the S&P500 0,96%. The euro-dollar exchange rate barely moved at 1,139.
At Piazza Affari the banking sector it is also under tension due to the capital increases of Popolare di Vicenza and Veneto Banca. Mps drops 8%, Banco Popolare 7,5% on new historical lows, Ubi Banca -6,27%, and Unicredit, which will guarantee the increase of Popolare Vicenza, 5,9%. Intesa Sanpaolo sells 3,31% and Bpm 3,94%.
Down too Saipem, which also lost 4% on new historical lows. Telecom Italy -2,79% on the day of the first meeting of CEO Flavio Cattaneo with the first line of managers. This morning Fidentiis decided to cut the recommendation to Hold da Buy. With regard to the press rumors about a possible restructuring of the company's workforce, the shareholder Vivendi specifies in a note that she is "in Italy to develop and invest in the long term and not to reduce the workforce".
Only four titles are positive on the Ftse Mib. At the top there is stmicroelectronics which jumped by 4,31% after the record sales of Samsung, followed by A2a +0,68% which still benefits from the 2015 accounts, Poste Italiane +0,47% and Unipolsai +0,05%.
