Piazza Affari, banks and energy overwhelmed by sales

The closing of the week was particularly bad for Piazza Affari, crushed, like all European lists, by the appearance of the new South African variant which could make the current vaccines less effective. “The fears of insiders are linked to the fact that the new variant could fuel an acceleration of infections in many countries and put a lot of pressure on health systems, potentially evading vaccine defenses and complicating efforts to reopen economies and solve problems. bottleneck problems in the procurement system ”, commented Filippo A. Diodovich, Senior Market Strategist of IG. In Piazza Affari, where the Ftse Mib closed in the red by 4.6% at 25,852.99 points, there are two sectors most affected by sales orders: banking and energy. As for the former, UniCredit recorded a -6.9%, Intesa Sanpaolo a -5.75% and Banco BPM a -5.81%. in free fall (-10.4% to 72.5 dollars a barrel), we point out the -7.08% of Tenaris, 6.23% of Eni and -4.99% of Saipem. Telecom Italia limited its losses with -0.72% after the news of the availability of Ad Gubitosi to take a step back to facilitate the offer of KKR while Diasorin, which produces tests to measure the presence of antibodies against Covid, finished with a + 5.55%. The spread at 128 basis points has changed little: generally in contrast with the trend of the stock markets, the BTP-Bund differential today was able to rely on the new all-time low recorded in the Bot auction. This morning the Treasury placed six-month Bots for 5 billion euros at -0.563%, less than 1 basis point compared to the October auction. (In collaboration with money.it).