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Banks collapse, energy runs and Piazza Affari slows down

The Stock Exchange trims the losses (-0,3%) generated by the collapse of many banking stocks affected by the case of Banco Espirito Santo: the strongest declines of Mps, Banco Popolare, Bpm and Ubi – Prysmian, Salvatore Ferragamo and above all the energy sector with Enel, Eni and Saipem in the lead – Starting tomorrow, the rates on financial income will rise to 26%.

Banks collapse, energy runs and Piazza Affari slows down

BANKS DRAG PLACE IN RED. ENEL SHINES, BONOMI ATTACK CLUB MED

Another session in the red, the seventh in a row, for Piazza Affari, crushed by negative news on the inflation and growth front. In particular, however, weighs the bad performance of the banking sector. The Ftse Mib index closed at –0,32% at 21. The Btp/Bund spread remained unchanged at 252. In the rest of Europe, only Frankfurt +160% closed in positive territory. Down Paris -0,21% and Madrid 0,31%. London closed at -0,40%. The US stock market is little moved with the S&P and Nasdaq indices unchanged. The Dow Jones falls 0,34%. 

The clearly better data than expected on the trend of the real estate market did not bring new vitality to the stock market. In evidence the lunge of Calo Bonomi in Paris. The financier calls for interest in Carige and launches a 790 million euro takeover bid on Club Mediterranée, clearly higher than the joint offer between Ardian and the Chinese Fosun (557 million). The porezzo skyrockets but remains well below the 17,5 of the Investindustrial takeover bid. 

The alarm on the banking front comes from Lisbon. The Banco de Espirito Santo closes at -3,7% after a drop of up to 9% on the wave of the news of the investigations launched by the Luxembourg authorities into three holding companies through which the Espirito Santo family, the most powerful in the Lusitanian country. check the banking group. Espirito Santo Financial Group drops 10%. 

Also in Portugal, Banco Comercial Portugues leaps by 6% thanks to strong demand for rights to participate in the 2,25 billion euro capital increase. MontePaschi disappoints in Piazza Affari - 4,8%, after the positive conclusion of the capital increase. Intesa -1%: Société Générale confirmed the Buy recommendation and added the stock to the Premium List. Unicredit -0,7%. Carige advances +2,3%: from today until next Friday there will be the possibility to exercise the rights of the capital increase.

The worst blue chip is Banco Popolare -3,9% after CEO Piefrancesco Saviotti announced that Release, the former Banca Italease, is not for sale because the offers received were too low. Ubi Banca loses 3,6%. Among industrialists, Finmeccanica +0,2, StM loses 1%, Fiat 2,5%. 

A2A +0,3%. The municipal administrations of Brescia and Milan have given themselves another six months to place the 5,12% package, hoping for a recovery in quotations. A brilliant day for Enel +1,62%, in the wake of a UBS report. Prysmian +2%: it has taken out a one billion euro long-term 'revolving' credit line with a pool of banks.

Telecom Italia is up by 0,4%. Mediaset loses 2,2%. Eurosport could appeal against the outcome of the auction on Serie A TV rights. The editorials are heavy: L'Espresso is down by 2,2%, Mondadori by 3,8%, Rcs Mediagroup -2,2%. 

Autogrill's decline -3,7% should also be noted. Lastly, it was a bad day for the cement producers. Italcementi falls down by 1,3% after the conclusion of the capital increase: the capital increase. Buzzi loses 3%, Cementir 3,1%.As Roma's great exploit +30% on the launch day of the 100 million euro capital increase. But option rights lose more than 35%. Class has also started the increase: +2,9% for the title, rights are down 31%. 

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