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The winds of war scare the stock exchanges, only Snam and Ferragamo are saved in Milan

The tensions in Gaza and in the Ukraine lead to general declines on the markets - The Ftse Mib index shows a decline of 1,54%, to 20.417, one of the worst declines - The dam of BTPs holds, but sales on the Bank stocks – Snam and Ferragamo go against the trend – Massive losses among industrial companies – Oil companies also down.

The winds of war scare the stock exchanges, only Snam and Ferragamo are saved in Milan

The Gaza plus Ukraine combination knocked out the Bull, now tired of his own. TO Business Square the selling picked up speed in the afternoon, after the negative opening on Wall Street. The Ftse Mib index shows a drop of 1,54%, to 20.417, one of the worst declines. In the rest of Europe London -0,41% Paris -0,7% Frankfurt -11,04% Madrid -0,63%. 

A Wall Street the Dow Jones index falls by 0,50%, Nasdaq -0,35%, S&P -0,42%. The quarterly reports of Netflix and Texas Instruments will be published tonight, but the most eagerly awaited appointment is scheduled for tomorrow, the day of accounts for Apple and Microsoft. The bleeding continues Moscow Stock Exchange: -2,4%, down from six consecutive sessions.

It holds the dam of the BTP: 2,773-year yields XNUMX%, lo spread it is at 163. Among the important macroeconomic variables, there is also a rise in the price of Petroleum: Wti up 0,8% to $103,9. L'gold gains 0,2% to $1.312. The euro-dollar exchange rate moved little at 1,352. The Vix index of the volatility of options traded on Wall Street goes up again and marks a rise of 7%. 

Sales on bank stocks do not stop. In Piazza Affari the banks have fallen again: Where's Banca -3,2% Banca Popolare di Milano -3,3%. Strong decline also for Banca Popolare dell'Emilia Romagna (-2,9%), which also successfully closed the capital increase: the rumors about the purchase of Banca Marche weigh heavily. Unicredit lost 2,2%, Intesa Sanpaolo 1,9%, Monte dei Paschi -1,7%. Mediobanca -1,2%.

Bucking Snam (+0,42%). Still in money Ferragamo +0,32%. They go down Moncler -1,75% Yoox -0,71% Luxottica -1,42% Tod’s -1,25%. Among the worst blue chips there is also World Duty Free (-3,4%). Rest -1,9%. Both weak on fears of a drop in air traffic, the group is present at many airports.

Massive Losses Among Industry Companies: Finmeccanica lost 2,5%, Cnh Industrial 2,6%, Fiat 1,8%, Pirelli -1,7% Prysmian -0,6%. Oil also down: Saipem left 2,2% on the ground, Eni -1,4%.

Telecom Italy it lost 1,4%. Mediaset -0,7%, after obtaining the green light from Agcom on Friday for the licensing of television rights for the Serie A football championship. 

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