Savers in alarm for Piazza Affari which risks collapsing under the weight of the bankers.
It was a difficult session, much more than you might think when reading the final result. A session that followed exactly the same scripts as the previous sessions, with the exception of yesterday’s. But today the script has turned upside down.
By putting savers on the alert for Piazza Affari which risks sinking under the weight of the bankers.
Let’s analyze what happened today, thanks to the Stock Projection Experts.
Starting up, but it is a false start
European stock exchanges opened higher than yesterday’s close. It also happened on the Milan Stock Exchange, which at the start recorded a price even higher than the maximum of yesterday’s session. The prices of the Ftse Mib index (INDEX:FTSEMIB), they went above the 19,800 points threshold, but the rise did not last long. After an hour they had already dropped to 19,600 points.
From that moment on, the prices have continued to fall until reaching the low of the day around 15.00, just below 19,200 points. To then rise a little with the opening of Wall Street, negative at the start, but with prices immediately recovering.
Exactly the same script from the last few sessions last week. But instead of falling, at the opening today, US stock prices have recovered. Thus the index at the end of the session lost 1.8%, to 19,380 points.
Savers in alarm for Piazza Affari which risks collapsing under the weight of the bankers
The decline of Piazza Affari was the decline of the European Squares. All fell but the Milanese price list accentuated the losses on non-positive internal macroeconomic data. In particular, the decline in retail sales and Fitch’s forecast, which estimates the fall in national GDP for this year at 10%, were influenced.
The banks, which risked a bloodbath, once again weighed in on the Milan stock exchange. To which were added stocks related to energy and Stm, which pays for the decline in the American technology sector. In Milan, among the blue chips only Pirelli are saved, up by 3.7% and Cnh up by around 1.6%.
If the stock market falls, Esprinet flies
Out of the 40 large-cap stocks, there is no shortage of earning opportunities. Today Esprinet has flown by over 12%. The stock sent a strong bullish signal after 8 sessions of sideways movement. Graphically, that movement can be assimilated to a particular figure, a flag.
Prices are one step away from closing a bearish gap left open in September 2018. Exceeding 6 euros will bring prices to 7 euros. While on the downside, a return below 5 euros will push prices to 4.50 euros.
Deepening
To know the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Study Office, click who.
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