Le tensions between the United States and Iran are once again weighing on global markets. abrupt interruption of talks between Washington and Tehran, followed by Israeli attacks in Lebanon and new military skirmishes in the region, has pushed down the European stock exchanges and powered the volatility on Wall Street tooAt Piazza Affari, the FTSE MIB fell 0,52%, slipping below the 50 point mark, in line with the main European markets.
Risk aversion is also reflected in energy, with the Petroleum accelerating sharply: Brent returns above $97 a barrel and WTI rises to $94, supported by supply tensions and fears related to the Gulf area. Also rising is gas natural, while the corrects after the recent highs. On the currency front, theeuro remains stable against the dollar.
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A Business Square Saipem, Prysmian, Tenaris, and Eni stand out. On the other hand, sales at Avio, Fincantieri, and Leonardo prevail. The banking sector is also weak, amidst the European risk-taking dynamics, with attention focused on Unicredit and the major ongoing transactions in the credit sector.
On the bond front, it BTP-Bund spread rises to 74 basis points, with the yield on the Italian 10-year bond at 3,74%.