Start of the week dedicated to sales for the Piazza Affari price list. This is due to the tensions coming from the health front, which risk derailing the recovery, and the weakness of the energy sector, penalized by the agreement in the OPEC + headquarters for the increase in output, the eighth on the Milan list, and the others European stock exchanges, began with sales.
The Ftse Mib thus closed the session in the red by 3.33% at 23,965.92 points (first time below 24 thousand since May), pushed down by the two most representative sectors: the banking sector (-5.07% of BPER, -4.23% of Intesa Sanpaolo and -3.59% of UniCredit) and that of public utility companies (-3.86% of A2A, -2.87% of Italgas and -5.07% of Enel, which distributed the dividend).
4.33% contraction for Telecom Italia, which revised its estimates after the agreement with DAZN, -4.73% for Saipem and -3.84% for Eni, penalized instead by the weakness of crude oil (-5.5% for the Brent futures at $ 69.5). Among the worst performances we also find the pairing formed by CNH Industrial and Stellantis, down respectively by 4.08 and 3.6%.
In spite of two important news such as the listing of Zegna in New York and the acquisition of the majority stake in Etro by the fund that belongs to the Arnault family, Salvatore Ferragamo finished with a 2.89%, Brunello Cucinelli scored -1.81% and Moncler -1.2%. The advance of the Delta variant ended up pushing Diasorin (+ 1.81%), which develops diagnostic tools for the detection of the virus.
As expected, the lower risk appetite favored the BTP-Bund spread, which rose by almost 4% to 114 basis points. (in collaboration with money.it).