Banks in the dust and oil companies on the altar in Piazza Affari which is falling apart and losing 3,5% one hour after the end of the session.
The disappointment for the Italian-style bad bank and for the postponement of the Government decree on banks (to be discussed in the Council of Ministers next week) is crushing bank stocks which, one hour before the end of the session, show very conspicuous losses which overwhelmed the same FtseMib index. Bpm leaves 7,5% in the field, Mps 7,2%, Bper 6,5% and Banco Popolare 5,5%.
Rumors about a possible turnaround in the oil field based on the possibility that producing countries cut 5% of production is galvanizing sector stocks. Saipme axa, after the thuds related to the capital increase, gains 9,6%, the saipme share 3,4%, ENI 1,3% and Tenaris 1,2%.
