Ukraine, snubbed by the markets for weeks, is once again frightening the stock exchanges. In Piazza Affari the worst price list, the index FtseMib it fell by 2,33% to 20817. Frankfurt lost 1,77%, Paris fell by 0,89%, London -0,64%. Madrid loses 0,87%. US stocks are also under pressure despite the gains of Coca Cola and Johnson & Johnson after the quarterly results.
Tesla Motors yields more than 5%, Facebook 2,4%. The Dow Jones lost 0,07%, the Nasdaq 0,84%, the S&P 500 0,08%. Government bonds continue to strengthen: the yield on the 10-year BTP fell to a new all-time low of 3,10%, from 3,17% yesterday. Spread with the Bund down to 162 basis points.
For now, the tension does not extend to gold, traded at 1.300 dollars an ounce (-2%) and oil: Wti at 104 dollars a barrel (unchanged), Brent at 108,7 dollars (-0,3 %).
Crossbody strap Mount Paschi (-10,84%): the market took note of the extension of the capital increase to 5 billion euro, from the expected 3 billion. Consob has banned short selling of the stock today and tomorrow.
The other institutions, starting from Popolari, also suffer: Banco Popolare -0,75% Pop.Emilia -4,71% Ubi -4,85%. Down Unicredit (-3.01%). The group suspended all activities in Crimea and closed all branches in the region. Entente-4,01%.
Azimuth it closed down by 4,3% and slipped to the lowest since the beginning of February at 21,55 euros. From the historical highs reached in early April, the stock has lost 20%. Today was the seventh consecutive session in decline, an event that has not occurred since August 2011.
On the eve of the assembly it is in sharp decline Telecom Italy (-3,04%) despite the news that the company has put the towers up for sale in Brazil. A particular note deserves the thud of Finmeccanica (-5,22%) after the new CEO of the current head of the State Railways, Mauro Moretti. The market foresees a reversal of the exit strategy from the Transport sector already advocated by Alessandro Pansa.
The subsidiary Ansaldo Sts, indicated for months as ready for sale, lost 4,81%. Heavy Fiat, down 4,48%. Pirelli also falls -1,29%. The shareholding structure of Bicocca counts on a new competitor: Harbor International Fund increases its stake in Pirelli above 4%, effectively aligning itself with the positions of Mediobanca and Benetton. The US manager became a shareholder in December, taking over a large part of the package sold by Generali, and between February and March he increased his stake from 3,94% to 4,58%.
Harbor contends for third place with the two Italian subjects and behind the Malacalza family (6,98%) and Lauro-Camfin (26%). Prysmian-1,3% has signed a contract worth over 250 million euros with the Dutch and German electricity grid operator TenneT, for the connection of offshore wind farms located in the North Sea to the German mainland.
StM earns 0,32%. Sales are also back on Luxury: Tod’s -1,45% Ferragamo -2,86% Yoox -2,56%. Evaporate the effect Campari (-1,12%) after the acquisition of Fratelli Averna for 108 million euro.
