The barrel of oil rolls over and the price lists of the consuming countries are also affected. The week is drawing to a close with widespread losses for the European stock exchanges. TO Milano the Ftse Mib index fell by 1,36%, to 18.940 points. They do even worse Paris (-1,59%) And London (-1,55%). They drop as well Madrid (-1,31%) And Frankfurt (-1,27%).
Crude oil still falls, with the future of WTi it trades at 59,3 dollars a barrel. This reduces the profits of Big Oil, as well as investments and to the detriment of service providers. Eni lose 1,7%, Tenaris -4% and Saipem -5%, the lowest since August 2004. Given the situation, the six-legged dog withdrew from the sale of the oil equipment company. A capital increase therefore seems inevitable.
Fiat Chrysler lose 1%. The company announced this morning that, between the placement of 100 million shares at $11 and the issuance of the convertible bond, raised $3,89 billion. In fact, the placing banks exercised the option reserved for them on the shares (13 million) and on a further tranche of the convertible (375 million). For Equita, also considering the sale of Ferrari shares, 4,5 billion euros will enter FCA (against the initial forecast of 4 billion).
StM -1% Pirelli -1,6%. In evidence Finmeccanica (+1,4%) after that the Pentagon has chosen the Alenia factory in Cameri for maintenance (engines excluded) of all F35s operating in Europe since 2018.
