Business Square tries to get up from the mat after the expected knockout immediately after the involution of the Greek crisis. The decline in the Ftse Mib index was reduced to 3,58%, recovering from the initial -4%. The ration of the other lists is similar: the worst is Madrid (-3,44%), Paris and London lose 3%. Better, outside the euro area, London (-1,4%) and Zurich (-1%).
On the front of BTP, after the start with a heavy decline (spread up to 200), tensions partially subsided: the Btp/Bund gap fell to 153 points. Right now the 2,32-year yield is 2,14% versus 15% on Friday. The 0,80bps yield hike is the same for all periphery stocks. The race for the German Bund also subsided, returning to 0,74% against the initial XNUMX%.
brake but not too mucheuro, traded at 1.108 against the dollar. The William Hill betting agency has closed its bets on Grexit: the volatility risk, is the explanation, is "too high".
The most targeted stocks across the eurozone are the banks. The sector index slipped by 4,02% this morning. The Spanish giants Santander and Bbva suffer losses of more than 6%. In Paris Socgen arrives by 5,8% Bnp Paribas marked a minimum with a drop of 6,1%.
In Milan, among the big names, Intesa leaves 4,6% on the ground, Unicredit -4,72%. Monte Paschi loses 6,03%. bpm -5%. After the latest price increases Merrill Lynch has cut the target to underperform.
The performance of theautomotive (-4,9% the Eurostoxx). FCA loses 4,2% in line with Finmeccanica and Stm. Telecom Italia does better (-2%), trading at 1,160 euros, recovering from the initial 1,1240.
A2A also loses ground (-2,90%): this morning Icbpi raised its judgment to Buy, target at 1,26 euros.
