Monte dei Paschi di Siena, BancoBPM and BPER Banca are unable to price due to excessive downsizing. Intesa Sanpaolo and UniCredit fell sharply
The major indices of Borsa Italiana and the main European financial centres they started the day sharply lowerin the wake of the sell-off that hit banking sector stocks.
At 09.10 the FTSEMib recorded a decrease of 1.48% to 28,124 points, while the FTSE Italia All Share it lost 1.47%. Minus sign also for the FTSE Italia Mid Cap (-0.85%) and for the FTSE Italia Star (-0,48%).
I major US stock indexes closed the first session of the week in positive territory. The Dow Jones closed up 1.16% to 35,473 points, while the S&P500 gained 0.9% to 4,518 points. Plus sign also for the Nasdaq (+0.61% to 13,994 points).
Moderately positive session for the Tokyo Stock Exchange. The Nikkei index finished the day up 0.38% to 32,377 points, after fluctuating between a low of 32,239 points and a high of 32,540 points.
Il bitcoin it returned over $29,000 (just over €26,500).
Lo spread Btp-Bund it remains below 170 points, with the yield on the ten-year BTP falling to 4.15%.
L’euro fluctuates around 1.1 dollars.
Strong selling on banking sector stocks at the start of the day. In the decree law approved by the Meloni government on August 7, there is a rule which provides for an extraordinary taxation of 40% on the extra income of the banks for 2023.
Il Monte dei Paschi di Siena, BancoBPM e BPER Bank they fail to price due to excess undercutting.
Intesa Sanpaolo e UniCredit they lose respectively 6.19% and 5.72%.
A decidedly negative start for the companies active in the managed savings.
Leonardo started the day down 0.9% to 13.19 euros.
At Euronext Growth Milan the positive trend of Execus (+6,94% a 3,9995 euro), after the strong rise achieved in the first two trading sessions. The company made its debut on the price list dedicated to dynamic and competitive SMEs on Friday 4 August at a price of 1.67 euros and closed the session on 7 August at 3.74 euros.
2023-08-08 07:15:00
#Banks #send #FTSEMib #red
