Closing down sharply for Piazza Affari.
The Ftse Mib index lost
2.99%
to 20,705 points.
European stock exchanges are also heavy, with Wall Street in tension at the reopening after Independece Day.
Paris
lost 2.68% to 5,794 points,
London
2.9% to 7,022 points,
Frankfurt
2.91% to 12,401 points and
Madrid
2.42% to 7,963 points.
The Dow Jones leaves 2.27% on the field and the Nasdaq 1.07%.
The differential between German BTPs and ten-year Bunds rose to 198.5 points
, with the Italian annual yield down by 6 basis points to 3.165%.
The euro fell to 1.023 dollars and 1.19 against the pound after PMI indices lower than estimates in Europe, which fuel the alarm about the recession.
But crude oil (WTI -7% at 100.73 dollars a barrel) is falling above all on the eve of US weekly stocks, while the gas rush continues (+ 2.31% to 166.7 euros per MWh).
Shell (-8.3%), BP (-6.7%), TotalEnergies (-6.14%) and Eni (-5.83%) are under pressure.
The recession alarm also slows the auto sector
, after the drop of more than 14% in June sales in France.
Volvo sells 4.98, Renault 4.8%, Volkswagen 4.65%, Mercedes 3.9% and Stellantis 2.7%.
Strong sales also among microprocessor manufacturers Asm (-4.55%), Infineon (-2%) and Stm (-1.5%), while in the banking sector CaixaBank (-5%), Barclays (-4, 51%), Banco Bpm (-4.5%), SocGen (-4.05%), Commerzbank (-3.07%), Intesa (-3.14%) and Unicredit (-2.76%).