Borsa, Milan worsens it in Europe. Saipem locks on parity after internal reorganization
Rain of sales on securities auto and insurance and growing tension in the aftermath of the change of course of Christine Lagarde which for the first time did not rule out a retouching of the interest rates as early as 2022: after a good start, in fact, the Bags Europeans have decidedly embarked on the downward path, closing in red.
On the main price lists, thesurge in inflation, which rose to 5.1% per annum in January. The focus is on bond yieldswhich after the words of the Lagarde they have taken off and continue to remain at high levels: the Italian 10-year rate is above 1.75%. The spread it is attested above 153 points. Me too’EURleapt forward yesterday on the dollar, stood at 1.1448 against the greenback, from 1.1442 yesterday in closing. Among other things, it did not help the performance of Wall Streetwith the indexes that have repeatedly changed the direction of travel.
Leading the ranking down is there Milan which loses 1.79, followed by Frankfurt down by 1.73%, e Paris at -0.77%. London resists just above the parity up by 0.15%. The markets thus began to discount a possible adjustment in the cost of money faster than expected even in the Old Continent after similar decisions by the Fed to curb the surge in prices.
In Europe sales have sunk the auto sector, with the sub-index down by more than 3%. TO Piazza Affari Stellantis suffered a decline of 5.25%. Instead, there have been few blue chip which closed higher. Between these Eni up by 1.44% e Tenaris which grew by 2%, benefiting from the oil rush, with the WTI in March at its highest since autumn 2014, at 92.63 dollars a barrel (+ 2.6%).
The six-legged dog company’s headlines were also boosted by the announcement that the subsidiary Var Energi will be listed on the Oslo Stock Exchange as early as February (read the details here). Of the sector oil, Saipem which closed the session down by 3.2%, on the other hand, it changed its direction several times, on the day when the company’s board of directors launched a new organizational structure to facilitate the restructuring and relaunch process. Intesa Sanpaolo lost 2.2%, on the day of the disclosure of the accounts and the industrial plan (you can retrieve it by clicking here). Post officefinally, it was the worst of the Ftse Mib, down by 6.2%, penalized by the pressures on Btp and the news of the government on the tax credit linked to building bonuses.
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