Bags, the descent of Piazza Affari continues. The spread grows
Upward opening for the spread between BTP and Bund at 244 points, with the 10-year rate growing to 4.63%. No relief on international markets despite the intervention of the Boe, the Bank of England, which announced temporary purchases of British government bonds on the market. And the stock market is also bad: Piazza Affari yields more than 0.9%, amid the new crisis of the gas And fears of a recession now certified also by the numbers. The Nadef approved yesterday, in fact, certifies the dramatic slowdown of our economy in view of 2023. On the price list, discounts spread across all sectors, from banks to industry. Stellantis drops 2.2%, Iveco 2.1%, Interpump -1.8%. Among the Bper banks -1.8%, Bpm -0.9%, Unicredit -1.1%, Mps drops 2.2%. In luxury, Moncler loses 1.6%. Energy is holding up better with Snam + 0.1%, Italgas -0.2%, Terna -0.3%, but Enel down by 1.1% and Hera -1.6%. Among the few increases Leonardo (+ 0.6%). Mfe still weak with -2.4%, Tim lost 1.1% gas on the Ttf in Amsterdam stable at 200 euros per Mw / h.
#Stock #exchanges #Milan #spreads #rising #yields