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The GDP sinks Piazza Affari, the spread rises

Our country's return to recession sinks bank stocks, which drag the Ftse Mib into the red by more than two percentage points, the worst drop in Europe spread returns to 7,3 – German industrial production is also disappointing: Frankfurt, London and Paris are also in the red.

The GDP sinks Piazza Affari, the spread rises

New day of passion in Piazza Affari, once again the black jersey of Europe. After the negative data on the Italian GDP in the second quarter (-0,2%), which officially marks our country's return to recession, the Ftse Mib accelerated downwards, losing 2,7% by mid-morning. The Btp-Bund spread has risen to almost 170 basis points. 

The other main European price lists are also worsening, mainly due to the disappointing data on industrial orders from Germany: Frankfurt -1,5% Paris e London -1%.

Obviously, it is the bankers who suffer the most on the Milanese list, given the massive exposure of the credit institutions to the Italian debt. The worst title, however, is that of Fiat (-7,30%, suspended in volatility auction), followed by Bank Pop Milan (-4,86%), Banca Monte Paschi Siena (-4,75%), Mediobanca (-4,53%) And Atlantia (-4,11%). Bad too Understanding (-3,4%) And Unicredit (-2,73%).

Among the insurance Generali -2% Unipolsai -4,2%. They also suffer Finmeccanica (-2,3%), Eni (-1%) ed Enel (-2,9%). Buzzi Unicem -4,3%.

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