Red-tinted octave final for Piazza Affari which follows the bearish sentiment of the main stock exchanges of the Old Continent. Wall Street also opened its doors down on fears of tapering by the Federal Reserve (Fed), with the Dow likely to close the worst week since January. The heavy sell-off was triggered by the words of St. Louis Federal Reserve Chairman James Bullard, who sees an initial interest rate hike as early as 2022 as inflation rises faster than previously predicted.
For the Milan Stock Exchange, the sharp acceleration materialized in the afternoon, with the Ftse Mib index which widened the declines and ended up archiving the session down by 1.93% to 25,218.16 points, almost eliminating the earnings from the beginning of the month. All this in a session characterized, as some market operators recall, of the so-called “three witches”, that is the maturities of future contracts on shares, indices and options (an event that occurs quarterly).
Sales have focused on financials and energy. The shirt of the worst title of the Ftse Mib wears it in this final eighth Stm with almost -4.5% at 30.4 euros. Among the banks are Unicredit (-4.3% to 10 euros), Intesa Sanpaolo (-3%) and Bper (-2.2%) with the latter preparing to complete the acquisition of an important business unit by the Intesa Sanpaolo group, already largely completed on 22 February with the transfer of 455 branches and 132 operating points. The institute is preparing to incorporate another 33 branches on Monday 21 June (31 branches and 2 operating points), all located in Lombardy. Energy was also down, with Eni losing 3%. Among the industrialists in need, Buzzi (-3%). The only plus sign of the day for Diasorin (+ 1%).