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Stock market swings, banks and Saipem rights down

Europe in the red after the heavy closures of Wall Street and Tokyo - On the Ftse Mib, sales are once again concentrated on bank shares and the most targeted is that of MPS - Strong reductions also for Saipem rights - FCA recovers after an opening suspension – The price of crude oil recovered slightly after yesterday's collapse.

Stock market swings, banks and Saipem rights down

The day in Piazza Affari begins with swings. After opening in slightly positive territory and then falling to -0,8%, the Milan Stock Exchange it returned to just above parity about an hour after opening (+0,22%). However, the other main European lists remain in red: Frankfurt (-0,5%), Paris (unchanged), London (-0,2%).

The selling comes on the back of yesterday's fresh plunge in crude oil and heavy closings Wall Street (Dow Jones -1,8%) and Tokyo (Nikkei -3,1%). 

On the Ftse Mib, sales are once again concentrated on bank stocks. The most targeted, as always in recent weeks, is that of Ps, which scores -4% after an initial suspension in the volatility auction at -6%. 

Bad too bpm (-2,4%) And Banco Popolare (-3%) in view of the very probable merger.

In Milan, sales are also impressive fca, which however recovers ground after a suspension at -5,38%, and on Saipem rights, which drop 7% (while the shares show -1,2%). 

Ferrari, which collapsed yesterday after the debt accounts and data, rose by 0,1%. Among the few positive signs, Luxottica (+0,65%) after the recent declines in the wake of the turnaround at the top e Mediaset (+ 1,75%). 

On the foreign exchange market, the euro it changes hands at 1,091 dollars (from 1,0898 yesterday) and 130,828 yen (131,17 yen), while the dollar/yen ratio is at 119,88 (120, 39).

Finally, the price of the Petroleum: March WTI futures recovered the $30 threshold to $30,05 a barrel, up 0,57%.

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