End of the week with the lights off for Piazza Affari. The Ftse Mib index lost 0.86% to 25,686 points. Fears related to the persistence of high inflation are weighing. US producer prices spiked sharply in August, marking the largest annual rise in nearly 11 years, with the pandemic continuing to put pressure on supply chains. Yesterday, the Milanese guide index had climbed the slope towards the end thanks to the side of an ECB which was still accommodating despite the announcement of the slowdown in the pace of purchases in the context of the PEPP.
Among the blue chips of Piazza Affari, Stm did well (+ 1.59%) and moderate signs more also in the Agnelli galaxy with + 0.1% Stellantis and + 0.58% Exor. Diasorin also tonic (+ 0.29% to 206.2 euros) who yesterday updated the historical intraday tops in the 208 euro area.
Reversal in the second half of the day for Italgas (-0.58%) after a strong start in the wake of the award of the tender for the acquisition of 100% of Depa Infrastructure SA, responsible for the distribution of natural gas in Greece. The consideration agreed for 100% of the capital of DEPA Infrastructure is equal to 733 million euros.
Among the utilities, a 2% drop for Enel. Snam (-1.81%) and Terna (-1.36%) were also bad.
Finally, the banks were bad with -1.21% Unicredit and -1.05% Intesa. Banco BPM was worse (-1.46%), whose new business plan could arrive in November.