Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Intesa Sanpaolo SpA    ISP   IT0000072618

INTESA SANPAOLO SPA (ISP)

107
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Milan's FTSE-Mib Down 5% Near End Of Tuesday Trading Session

04/10/2012 | 11:40am US/Eastern
Recommend:
0

Milan's FTSE-Mib clue-chip index lost more than 5% in late-session trading Tuesday as investors sold financial stocks and debt-heavy companies amid renewed fear of an Italian debt squeeze.

At 1517 GMT, Intesa Sanpaolo SpA (>> Intesa Sanpaolo SpA), Italy's largest bank, led decliners, shedding 8.1%, while its largest rival UniCredit SpA (>> UniCredit SpA) lost 7.8%.

Traders cited the widening spread, or interest-rate gap, between Italian and German sovereign bonds as the reason for the selloff. The spread rose above 400 basis points, or four percentage points.

Other listed banks such as Banco Popolare (>> Banco Popolare Societa Cooperativa) and UBI Banca SCpA (>> UBI Banca Scpa) also posted sharp drops.

Fiat SpA (>> Fiat SpA) declined 6.2%, followed by other debt-heavy industrial stocks including Fiat Industrial SpA (>> Fiat Industrial SpA) and Mediaset SpA (>> Mediaset SpA).

The FTSE-MIB index is down 4.85 at 14,4887 having inched up from a lower level shortly before.

-By Christopher Emsden, Dow Jones Newswires; +39 06 6976 6921; chris.emsdenloney@dowjones.com

Recommend :
0
React to this article
Latest news on INTESA SANPAOLO SPA
7m ago Alitalia investors approve cash call to buy time for Etihad deal
2d ago INTESA SANPAOLO : Stefano Barrese new Head of Marketing for Banca dei Territori
3d agoDJSlowing Decline in Italian Lending Offers Glimmer of Hope
3d ago INTESA SANPAOLO : launches "CBILL"
3d ago INTESA SANPAOLO : Hungary
3d ago INTESA SANPAOLO : Launches 'cbill', the new online bill payment service
4d ago INTESA SANPAOLO : Fifth agreement signed between the banking group and Piccola I..
07/18DJBank of Italy Slashes 2014 Economic Growth Forecast -- Update
07/17 INTESA SANPAOLO : New resources from intesa sanpaolo for small and medium enterp..
07/17 Bank asset review and litigation costs cast results shadow
Advertisement
Chart
Duration : Period :
Intesa Sanpaolo SpA Technical Analysis Chart | ISP | IT0000072618 | 4-Traders
Income Statement Evolution
Intesa Sanpaolo SpA : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF