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Stock Exchange: Milan collapses again with Europe, BTP at 4%

2022-06-13T16:50:24.071Z


The ECB, which so far has not provided protection against the explosion of spreads and the expectations on the Fed after the still very high US inflation data have caused another day of passion on the markets: the Milan Stock Exchange closed with a loss of ... (ANSA)


(ANSA) - MILAN, JUN 13 - The ECB, which so far has not foreseen protection against the explosion of spreads and expectations on the Fed after the still very high US inflation data, have caused another day of passion on the markets: the Milan Stock Exchange has closed with a loss of 2.79% of the Ftse Mib index to 21,918 points and of the Ftse All share of 2.87% to 23,972 points.


   The start of the week was marked by violent reductions on the stock markets of the whole Old Continent: Amsterdam closed by 3%, Paris by 2.6%, with Frankfurt and Madrid negative by two and a half percentage points.

London down by 1.5%.


   The final slide of the Stoxx 600 index, which groups the main European equities, was 2.4%, which translates into 235 billion capitalization 'burned' in a single session.

Piazza Affari accuses a decrease in capitalization among the main stocks of 15 billion.


   The tension was very strong also and perhaps above all for European government securities, in particular those of the countries historically most affected by speculation: the spread between the 10-year Btpitaliano and the German Bund of the same maturity closed at 238, adjusting the highs for over two years. and going up 10 basis points from startup.

The yield on the Treasury product increased by 26 'basis points' and closed at 4.01%, updating the highest levels since the end of 2013. Spanish bond rates, up 21 basis points, Portuguese (+ 20), French (+15) and also Germans (+ 11'basis point ').


   Among the main stocks of Piazza Affari, Saipem fell by 14% to 38.3 euros after the reverse stock split, with Nexi, Amplifon and Iveco down by seven percentage points.

Malemolte banks (Banco Bpm -4.9%, Intesa -3.4%), while Recordati and Campari closed in contrast by an abundant percentage point.

(HANDLE).


Source: ansa

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