Difficult morning for European stock markets: the markets are weighed down by caution linked to the Brexit referendum of 23 June, tensions relating to the Fed's moves and the weakness of Asian stock exchanges. Even the intervention of Mario Draghi, who called for reforms on European governments, weighed down the indexes, which immediately after the words of the president of the ECB accentuated their decline.
Milano it dropped 0,85% in the late morning, but did better than the other main European stock exchanges: Frankfurt -1,28, London -0,99 and Paris, -0,93%.
Much attention was paid to bank stocks, which after yesterday's collapse were looking for a difficult rebound. After a sharply declining opening, the sector retraced, traveling just below parity with fluctuating stocks.
Banco Popolare, for which the capital increase operations continue, yields 2,08%, while Unicredit it gains 1,02%, on the day of the board meeting on the appointment of the new CEO, signaling itself as one of the brightest stocks on the Italian list. Among the positive banks also Ubi +0,20% and Banco Popolare dell'Emilia Romagna, pink jersey of the Ftse Mib with +1,89%.
On the other hand, it was a bad day for oil, whose index dropped by more than 1%, despite the fact that crude oil reached the highest levels in recent months overnight, with the future on Brent reaching as high as 52,84 $/ barrel, the highest since October. Weak Tenaris -1,39% Eni -1,49% and Saipem -2,31%, up yesterday thanks to rumors about a possible incoming order from Saudi Aramco.
The decline also continues Fiat Chrysler, which lost 1,65%, after the -0,6% recorded yesterday following rumors about a possible partnership with Uber Technologies.
Bad too Buzzi Unicem -3,64% Yoox Net-A-Porter Group -3,41% stmicroelectronics -2,32% Unipol -2,19% and Leonardo-Finmeccanica -2,14%.
After the news that the ECB bought the bonds issued by the company, Telecom Italy began to climb back up, passing into positive territory +0,23%.
