The conflict in Ukraine and the growing fears of war continue to weigh on the main European markets. Starting from Milan, where the Ftse Mib left 6.24% on the ground, falling below 24 thousand points, to 22,464. The worst square in the Old Continent. In Frankfurt the Dax instead lost 4.39%, while the Cac40 in Paris closed at -4.97%. Outside the euro zone, London recorded a decline for the Ftse 100 index of 3.59%.
In Milan, among the companies that recorded the worst performances, there is Telecom which lost 16.07%. On the other hand, the black jersey is Unicredit (-14.6%), followed by Bper Banca (-10.58%) and Intesa Sanpaolo (-9.01%). In the energy-related securities sector, Eni closed with a loss of 7.30%, Enel 4.79%. In Piazza Affari, no stock records any increases.
The sharp decline in the session of the main European stock exchanges therefore continues after the negative start of Wall Street on the day of the attack on the Ukrainian power plant in Zaporizhzhia by the Russians and 8 days after the outbreak of the war. Milan is the worst with a monstrous decline of over 6%, while Paris, while losing, reduces losses.
Strong tension on raw materials, from the barrel of crude oil (Wti + 4.9% to 112.96 dollars and Brent + 3.93% to 114.78 dollars) to the MWh of gas (+ 29.5% to 208 euros). Durum wheat also grew strongly (+ 6.52% to $ 1,255.25 per unit of 5 thousand bushels), corn (+ 4.098% to $ 778.25 per unit), among metals, aluminum (+4 , 13% at $ 3,716.50 a ton). Sales are concentrated on the financial sector, with Unicredit (-12.51% theoretical) and Bper (-8.51% theoretical) frozen to the downside, Commerzbank (-8.35%), SocGen (-8.02%), Sabadell (-7.3%), Banco Bpm (-6.96%) and Intesa (-6.96%). Under pressure the automakers Stellantis (-6.97%), Porsche (-7.31%), Volkswagen (-5.97%) and Bmw (-5.65%), together with Mercedes (-3.49% ) and Renault (-3.49%). Eni (-5.91%), TotalEnergies (-2.46%), Shell (-2.25%) and BP (-1.58%) also suffer, while in Piazza Affari Saipem (-4.75 %) was frozen on the downside. The collapse of Tim does not stop (-15.46%) after the accounts and estimates for the current year.