The new fear for Greece, the negative data from the economies of Italy and Germany, the upcoming stress tests, the collapse of oil, fears for Ebola. It is a combination of factors that brings back panic to the markets, with speculation once again dominating stocks and bonds.
After widening just over 20 basis points yesterday this morning the BTP-Bund spread it opened at 164 and soared to almost 200, with yields on the Italian 2,64-year up to 8,85%, up XNUMX%.
At Piazza Affari – with the Ftse Eb in the red by 1,36% – bank securities are targeted by sales, as always happens in moments of tension on the debt market, by virtue of the enormous amount of Italian government securities parked in the portfolios of credit institutions.
Even today, mid-morning, the worst title is that of Monte dei Paschi di Siena (-7,7% after -7,6% yesterday at the close), followed by bpm (-3,1%, yesterday -7,5%), both in volatility auction. Bad too Bper (-2,2%, yesterday -7,7%) and the Banco Popolare (-2,1%, yesterday -8,09%).
Pushups much more count for Intesa Sanpaolo (-0,9%, yesterday -5,8%) and Unicredit (-0,8%, yesterday -6,1%), whose board meets today to discuss, among other things, the sale of Uccmb, a company specializing in non-performing loans.
