Equity markets swooped at the beginning of the week with investors watching with concern the developments of the Evergrande case with the possible contagion on other Chinese real estate giants and repercussions even outside the Chinese borders. The spotlight is also on the central banks with several meetings on the agenda this week, starting with the Fed waiting at the gate for new indications on the reduction of stimulus programs.
At the end of the day, the Ftse Mib lost 2.57% to 25,048 points, slipping to the lows of almost two months. Banks in great difficulty with -4.71% for Unicredit and over -5% for Bper and Banco Bpm; Banco BPM’s CEO, Giuseppe Castagna, remarked in an interview with Corriere that he had never talked to Unicredit about a possible merger since the new CEO Orcel is in Piazza Gae Aulenti. Castagna also said that at the moment there seems to be no prerequisites for M&A operations and the new plan will arrive by November.
Down by more than 4.8% ENI which today detached the 2022 coupon advance of € 0.43 per share.
Among the worst also Stellantis sank to -4.47% in the 16 euro area. The airbags produced by the Japanese company Takata take the lead. According to what reported by Reuters, an investigation by the American Federal Agency on Transport Safety (Nhtsa) would involve as many as 30 million vehicles built between 2001 and 2019 by about twenty car manufacturers that in those years were fitted with airbags produced by the Japanese. Takata and that presented a construction defect of the life-saving component considered to be at risk of explosion. Ferrari and Chrysler (Stellantis group) are also among the companies that use potentially defective airbags.
The discounts are also not overlooked by the DiaSorin stock (-1.18%) which launched the new Simplexa ™ COVID-19 & Flu A / B Direct test in countries that accept the CE marking. The test allows the qualitative identification and in vitro differentiation of RNA segments of SARS-CoV-2 and influenza A and B viruses.
The only stocks up on the Ftse Mib were Amplifon (+ 0.56%), Terna (+ 0.3%) and A2a (+ 0.03%).