The spread between Btp and Bund jumped to 144 points at the opening and then reduced to 137 at 10,40. It is the first signal from the markets on the outcome of the 2018 Italian political elections. Before the vote, the spread, which had already risen slightly, was stationary at 130 points. But it is the banks that are most affected by the post-election uncertainty about the possible formation of a government. See here quotations on the secondary market.
A real collapse brought Banco Bpm to -6,4%, Bper - 6,2%, Ubi -5,15%, Unicredit -3,6%, Intesa Sanpaolo -3,1%. The Ftse Italia banks index, which indicates the performance of the credit sector, was down by 2,96% at 10,50.
Among the falling stocks it deserves to be reported Mediaset which loses 4,92% to 2,957 euros following the downsizing of Forza Italia, largely overtaken by the League. A figure that highlights the definitive decline of Silvio Berlusconi and therefore impacts on his companies.
