A bitter end to the week for the stock exchanges, overwhelmed by the endless drop in oil prices. In Milan, the Ftse Mib index falls by 3,13% to 18679. The drop since Monday is 6,4%. The London Stock Exchange falls by 1,5%, Paris -2,9%, Frankfurt -2,8%. The crisis of the crisis continues to weigh on the Old Continent Greece. The ten-year BTP yields 2.055%, lo spread between the Btp and the Bund it rose to 144 points (against 121 on 21 November).
But the most serious emergency concerns the petrolium: Brent fell by another 1,8% to 62,5 dollars a barrel, WTI finished at 58,5 dollars (-2,3%). The fall worsened today after data showing a slowdown in industry in China: in November, production rose by only 7,2%, against the 7,5% expected. The landslide of oil sector stocks is inevitable. Eni landslide at -4,2%, Saipem -5,6%.
Last night's announcement by Eni to suspend the sale of the stake in Saipem following the no longer favorable market conditions. According to the ICBPI, "the speculative appeal to Saipem has disappeared for the moment", while Equita points out that the news is negative for Eni; “the sale of the subsidiary was one of the catalysts in support of cash generation and group repositioning with a focus on E&P”. There is also a probable capital increase. Tenaris -4,5%.
They go ko i bank stocks (sector index -3%), popular leaders: Pop.Milano -4,6% and Bper -5%. Monte Paschi also fell -2,5%: in the afternoon the first go-ahead from the central bank for the institution's recovery plan arrived. Green disc also for Carige -2,2%. Reduction without brakes also for Enel -3,4% and Telecom Italy -2,6%. Among the best-selling stocks, Yoox, down 5,5%, while Moncler cancels the increase in the finale and closes flat.
