Home » Stock market, opening down: Frankfurt -2.3%, Milan -1.76%. Spread down to 187 points

Stock market, opening down: Frankfurt -2.3%, Milan -1.76%. Spread down to 187 points

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Stock market, opening down: Frankfurt -2.3%, Milan -1.76%.  Spread down to 187 points

Weak first phases in Piazza Affari in the wake of the negative closure of Wall Street and of the economic growth of the United Kingdom which slows in the first quarter to 0.8% from 1.3% in the last three months of 2021. With the start down , Milan interrupts the mini-rally of the last few sessions and sees the Ftse Mib move back by 1.72% to 23,315 points. All blue chips were negative with Snam defending itself better than the others (-0.46%) on the day of the quarterly report closed with an adjusted net profit of 325 million euros (+ 3.8%). Among other energy sources, Enel -1.39%, Eni -2.11%. As regards financials, Intesa Sanpaolo at -2.20%, Unicredit -3.33%, Poste -2.09% and Generali at -1.15%. Tim loses 2.10% to 0.2654 euros per share. Finally, moving on to industrialists, Stellantis at -2.51% and Leonardo at -1.40%. The spread between ten-year BTPs and German Bund counterparts opens slightly at 187 points. The yield on Italian bonds fell to 2.822%. As for the foreign exchange market, the euro is down around $ 1.05, with the greenback remaining close to a two-decade high after US inflation slowed less than markets expected. , keeping the Federal Reserve on track to aggressively tighten monetary policy. The dollar index, which measures the greenback against six major currency baskets, slipped 0.1% to 103.92, but was still close to the 104.19 level reached earlier in the week for the first time since the end of 2002. The single currency changes hands at 1.0499 dollars and 136.04 yen.

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