Closing the week in deep red for the stock exchanges. The latest developments in the Greek crisis, one step away from the abyss, have offered the opportunity to monetize the capital gains accumulated in recent weeks, with quotations not seen in seven years. Business Square closed today's session with the Ftse Mib down by 2,44%, slipping just above the threshold of 23 thousand points (23.044). The landslide did not spare Frankfurt, down by 2,58%. It did little better Madrid, -2,17%. Paris loses 1,55%. The reactions outside the euro area are less violent: London -0,93%.
In sharp decline American stock exchange: American Express fell 5% after reporting in its quarterly how bad the strong dollar is for American companies. The Nasdaq lost 1,5%, the Dow Jones 1,4% and the S&P500 1,2%.
The consequences for the debt market are serious. The spread between the BTPs and the German Bunds, which reached zero yield, it rose over 145 points during the day to then close at 138.
A new weekend of work around the case is looming Greece: the Eurogroup Sherpas will try to identify common ground for a possible agreement at the Riga summit on the 24th. But Greek bond prices discount scenarios of default: ten-year bonds yield 12,45% against 18,03 .26,45 of the five years. The most sensational surge concerns the three-year bond which, at a yield of 2.650%, discounts a gap of XNUMX basis points with respect to Berlin bonds.
Dominating the day were heavy selling in the banking sector. Monte Paschi retreats (-4,56%) closely followed by Bper (-4,59%) and Ubi (-4%). Intesa (-3,68) and Bpm (-3,61%) do little better. Losses exceeding 3 percent also for Unicredit and Mediobanca. Banco Popolare (-2.73%).
Profit taken on Anima (-5%) and on the sector in general managed savings: Azimut-4,6%, Mediolanum -3,3%, Banca Generali -2,2%.
Between the insurance Generali down (-2,1%), UnipolSai loses 3,8% despite the fact that it is preparing to collect 61,4 million euros from the sale of 4,6% of Sorin carried out yesterday evening with an "accelerated book building". Sorin instead dropped by 1,4% to 2,868 euros: the sale took place at 2,81 euros per share.
Fiat Chrysler -0,9% slipped into negative ground after a morning on the rise. Male Cnh (-1,35%): Equita Sim reduced its rating to hold but with a target price of 8,7 euros (+13%).
among other titles industrial, Finmeccanica drops by 2,4%, StM -3,5%, Prysmian -3,7%.
Close lower i oil: Eni -2,2%, down also Saipem (-0,9%) which in any case recovered positions towards the end. Tenaris -1%.
Telecom Italia also lost ground (-2,1%) despite the agreement with Sky (very important on a strategic level for Banca Imi) and the announcement of content negotiations also with Mediaset (-3,23%).
