European stock markets close sharply lower. In Milan banks down with the EU green light to Unicredit-Banco Bpm

The conflict in the Middle East worries the markets. European stock exchanges all close sharply down. Milan loses 1.2%, the worst performer is Madrid at -1.37%. The luxury and fashion sectors are particularly heavy at Piazza Affari, among the first to feel the effects of geopolitical tensions.

Energy stocks, in particular Eni, are holding up. Unicredit is down despite the EU antitrust authority approving the acquisition of Banco Bpm, subject to full compliance with the commitments undertaken . Specifically, the bank led by Andrea Orcel has committed to selling 209 branches . For the Commission, the commitment resolves competition concerns.

Wall Street closed today. Oil rises to $78.6, natural gas above 40 euros per MWh.