Positive day for the European stock exchanges, driven by bank stocks, with credit institutions largely reassured by the European authorities. The latter, unlike what was decided for Credit Suisse, reiterated that bank bonds, if other banks were saved, would be penalized only secondly after the shares. Meanwhile, American banks are working on a new plan to help First Republic.
At the TTF in Amsterdam the price of gas drops to 40 euros per megawatt hour. The price of oil falls again, with Brent and Wti losing more than 0.5%. In Milan, the Ftse Mib is gaining: it marks an increase of 1.59% and closes at 25,899.57. The spread between BTPs and German Bunds is down, hovering around 180 basis points. The ten-year bond yield was down, just under 4%.
On the main index of Piazza Affari focus for Monte dei Paschi di Siena (+1.77%), whose share has made its entry into the Ftse Mib index to replace Buzzi Unicem. Banks on the rise. Unicredit rises by 2.44%, Intesa Sanpaolo by 3.74%, Banco Bpm by 3.85%, Bper Banca by 1.43%. The utilities also performed well, with A2a rising by 3.39% and Terna by 2.36%.
Close to parity Eni (+0.36%), which has detached the third tranche of the 2023 dividend (for the 2022 financial year), for an amount of 0.22 euro per share. At the end, however, Diasorin (-4.26%), with Morgan Stanley analysts who have worsened their opinion on the company, bringing it to “Underweight”. Stm was also down (-0.13%). (in collaboration with Money.it)