Stock exchange: Milan collapses again with Europe, BTP down 4% – Ultima Ora

(ANSA) – MILAN, June 13 – The European Central Bank, which has not yet provided protection against an explosion in spreads and expectations about the Federal Reserve after very high US inflation data, caused another day of emotion in the markets: the Milan Stock Exchange closed with a loss of 2.79 % of the Ftse Mib index to 21,918 points and the Ftse All stock by 2.87% to 23,972 points.

The beginning of the week was marked by violent declines in the stock markets of the entire Old Continent: Amsterdam closed down by 3%, Paris by 2.6%, and Frankfurt and Madrid negative by two and a half percentage points. London is down 1.5%.

The last tranche of the Stoxx 600 index, which includes major European stocks, was 2.4%, which translates to 235 billion capital “burned” in one session. Piazza Avari accuses the capital among the main stocks of a decrease of 15 billion.

The tension was also very strong and perhaps above all on European government bonds, especially those of the countries historically most affected by speculation: the spread between the Italian 10-year BTP and the German Bund of the same maturity closed at 238, with a maximum adjustment of more than two years and even 10 basis points from the start. The yield on treasury products rose by 26 “basis points” and closed at 4.01%, hitting the highest levels since the end of 2013. Spanish bond prices are also continuing, up 21 basis points at the end. Portuguese (+20), French (+15) as well as Germans (+11 “base points”).

Among Piazza Avary’s main stocks, Saipem fell 14 percent to 38.3 euros after a reverse stock split, with Nixi, Amplifon and Iveco slipping seven percentage points. Several banks suffered severely (Banco Bpm -4.9%, Intesa -3.4%), while Recordati and Campari ended the trend with a bumper percentage point. (Dealing).

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