The performance of the Stock Exchange is negative on Monday morning in Milan. In Piazza Affari, the new drop by Saipem (-1,97%), the negative trend of oil stocks and sales on Diasorin caused the price list to slide into the red: the Ftse Mib fell by 1,34% at the end of the morning and records the worst performance at European level. Frankfurt remains on parity (+0,17%), Paris resists (-0,14%), London positive (+0,23%) with Amsterdam (+0,4%). The spread increases, which marks a gap of 160 points on the ten-year Bund, the highest since 2020.
Among the Milanese stocks with the highest capitalization, Saipem has come to lose 3% while the market prepares for recapitalization after the managerial reorganization at the top. Sales also on Eni (-1,48%), but the black jersey Diasorin (-2,96%). Ground is recovering and the automotive sector is bucking the trend, with Iveco at +0,57% while Stellantis fluctuates around parity after a positive debut. Telecom Italia -7% and Enel -3,2% were among the stocks that suffered the most in the session of Monday 3,5 February following the review of the rating by Fitch.
Positive closure instead for the Chinese Stock Exchanges which reopened today after the closure for the holidays related to the Chinese New Year. Operators' sentiment is more confident in the economic recovery and overcoming the pandemic. At the end of the session, the Shanghai composite index rose by 2% to 3.429,58 points. The Shenzhen Stock Exchange also performed well, where the composite index closed with a 1% gain at 2.285,99 points. The Hong Kong Stock Exchange was more cautious where the Hang Seng Index closed unchanged at 24.579,55 points.
