The Stock Exchange seemed to have ignored the Italian political crisis, but now that it has become official (with all that follows, including the risk of not meeting the deadlines of the financial maneuver), the markets have finally reacted. It's bad. Milan, which in recent days had gained ground like all the other price lists, in an international scenario that on the eve of August XNUMXth seemed to take shape in a comforting way, today opens sharply downwards, losing just before 10 am over 1,7%, below 20.500 points. Shortly after the opening of the session, there are only two stocks in positive territory: Atlantia and Stm. All the others, starting with the banks, lose a lot: Banco Bpm -4,5%, Ubi Banca -4,1%, Unicredit, also marked by the sudden death of the president Saccomanni -3,6%, Intesa Sanpaolo -3% .
Overall, the financial sector in Italy collapses by 3%: around 10 o'clock the index dropped to 10.612,95 points. The trend of the is no longer reassuring Btp Bund spread, which indeed after the slight increase in the last few sessions, today registers a surge in the area of 230 basis points, from 210 at yesterday's close. The value is approximately that reached on 1 July, while at the end of July the differential between the yield on the ten-year Italian benchmark and the German benchmark had reached an all-time low with the outgoing government, at 186 basis points.
