A declining start for European stock exchanges, grappling with new worries about the EU's ability to save Greece. In Milan, the FtseMib index drops by 2,3% %. Deutsche Bank will miss its €10 billion pre-tax operating profit target this year. This was announced by the bank itself in a press release, adding that for the third quarter it expects writedowns of 250 million euros due to exposure in Greece.
In the wake of this news, the stock collapsed on the Frankfurt Stock Exchange, losing 8,5%. And it is precisely the Frankfurt price list that is losing the most ground at a European level. Meanwhile, Bpm is running (+1,9%) pending today's board of directors and after the purchases of Andrea Bonomi, now at 2,6% but ready to rise to 9,9% in Piazza Meda.
In difficulty between the banks Intesa Sanpaolo (-3,31%) and Unicredit (-3,09%). Among the credit giants, Intesa drops by 1,1%, Unicredit -1%. Monte Paschi +0,5% and Pop.Milano +2,9% are positive. On the other hand, the recovery of Fondiaria Sai stopped (-0,06%), after yesterday's surge which continued in the first trading of the morning.
Sales are concentrated on Fiat (-4,39%) and Fiat Industrial (-3,65%) after the Lingotto split with Confindustria. Prysmian drops by 2%. Giu' Italcementi (-4,02%), Saipem (-5,09%) and Tenaris (-4,35%), together with Buzzi (-3,27%), Eni (-2%) and Enel (- 1,88%). Impregilo was readmitted to trading on Piazza Affari after a suspension and gained 5,41% to 1,95 euros. Equita Sim would have taken over 5% in blocks yesterday on behalf of third party investors with respect to the shareholders present in Igli (Benetton, Ligresti and Gavio): the main suspect is the Salini group.
