Oil, but not only. Operators have targeted Italian banks, which they are dragging Business Square in deep red. The Italian list loses 2,11%. The decline in the other markets of the Old Continent was much more limited: Paris -0,4% Frankfurt -0,26% and London -0,12%.
They hold government bonds: the Btp 10 years yields 1,56%, with the spread at 101 basis points. Gold rose 0,3% to $1.091 an ounce.
Very little is saved on the Milanese price list. First of all, the banks are under fire, whose collapse has pushed the sector's Eurostoxx down by 2%. The rain of sales rages particularly on Mount Paschi (-13%), which updates the historical lows to 0,78 euro.
They go down heavily too Understanding (-3,85%) And Unicredit (-4,46%) in a session with low volumes, given the Wall Street holiday. The cooperative banks are not saved from the general decline: Pop. Milan -5% Pop. Emily -9% Ubi -8%.
Banco Popolare (-6,4%) abruptly reversed the trend from the initial +1% (high 11,30 euro). This morning Mediobanca revised the recommended long portfolio by including the stock of the Veneto bank in the list (outperform, target €16,70).
The asset management sector also collapsed: Azimuth -5% Mediolanum -2,4%.
Continue the descent of Petroleum: Brent fell by 1,2% to 28,60 dollars a barrel, a 13-year low. On Friday, quotations had fallen by 6%.
Eni loses 2%, Saipem -5,5% Tenaris -2%. Also note the decline in Enel (-2%) and of A2A (-3,4%). game up, Fiat Chrysler now it is down 2,4%. Ferrari -2,7%. Exor loses 2,8%, Cnh Industrial -1,4%.
Among industrial stocks, StM -1% Finmeccanica -3,7%. In the luxury sector Ferragamo loses 4%, Tod’s the 2,4%.
