Milan concludes with a sharp decline (-1.16% with the Ftse Mib at 20,961 points
below the 21,000 threshold), an uncertain session, and is worse than the other European lists, also in the red.
The widening of the spread and the rise in BTP yields already under tension on Monday despite the good reception of Piazza Affari after the outcome of the elections weigh heavily.
Amplifon (+ 3.86%) together with Saipem (+ 3.82%) stands out in the end thanks to contracts for 1 billion in the Ivory Coast.
Tim made another step forward (+ 3.41%) while waiting with the new government and with it the offer of CDP for the network, as well as the hypothesis of a sale of Tim Brasil.
Tenaris (+ 3.02%) and Nexi (+ 2.69%) also did well, the latter on the wave of the new plan. of a lack of methene to survive the winter after the damage to the Nord Stream: Terna -5.49%, Enel -5.4%, Hera -5.31%, A2a -4.08%, Snam -3.92 %.
Among the smaller stocks, MPS contained closing losses to 1.8% (to € 29.97)
The spread between the BTPs and the Bund, therefore, widens again, after the rise already seen on Monday
after the electoral round.
The session ends above the 250 point threshold, at 250.7 to be precise, again at the levels of May 2020. Even in a context of generally increasing government bond yields, that of the ten-year BTP reaches 4.72% on 2013 levels.
In shorter maturities, 2 and 5 years, Italian bonds offer yields - a measure of country risk - higher than Greece.
The 2-year BTP yields 3.2% (the Greek equivalent 2.6%), the 5-year one 4.2% (compared to 4% in Athens).
Wall Street turns into negative territory
.
The Dow Jones lost 0.58% to 29,084.16 points, the Nasdaq lost 0.23% to 10,778.48 points while the S&P 500 dropped 0.53% at 3,635.77 points.