The situation in Piazza Affari precipitates. After losing more than 3% in yesterday's session and opening with swings this morning, around 11 am the Ftse Mib index on the Milan Stock Exchange is still down, losing more than 2% to 17.561,75 points.
The selling comes on the back of yesterday's fresh plunge in crude oil and heavy closings Wall Street (Dow Jones -1,8%) and Tokyo (Nikkei -3,1%), with banks once again in the eye of the storm. In particular, Banco Popolare and Bpm weigh down Piazza Affari: the merger, according to what emerged this morning in the press, seems less imminent than expected and this is costing Banca Popolare di Milano an auction of volatility, which was losing more than 5%. and a loss of 7,6% for Banco Pop, also stopped due to a decrease. Monte dei Paschi is also very bad, losing 5,73% to 0,5515 euros after having also been in the volatility auction at the beginning of the session. Trading also suspended for Ubi Banca and Bper, with losses of around 5%.
In Milan, sales are also impressive fca, which again around 11 o'clock loses 3,45 to 6,015 euros. Ferrari, which collapsed yesterday after the debt accounts and data, rose by 0,64% to 33,21 euros. Among the few positive signs also Salvatore Ferragamo and Prysmian.
On the foreign exchange market, the euro it changes hands at 1,091 dollars (from 1,0898 yesterday) and 130,828 yen (131,17 yen), while the dollar/yen ratio is at 119,88 (120, 39). Finally, the price of the Petroleum: March WTI futures recovered the $30 threshold to $30,05 a barrel, up 0,57%. The Btp-Bund spread rises slightly, approaching 120 basis points.
