More bank stock sales: The sector is suffering from the First Republic meltdown on Wall Street. Bad UniCredit. Juventus is still in trouble in the Mid-Cap
The main indices of the Italiana Stock Exchange and the main European financial centres Confirmed in the negative area. According to Pierre Ferret – Technical Analyst at ActivTrades – investors will likely need more news that can restore bullish sentiment, in the form of improving macro data or large dovish moves by central banks, before liquidity is restored towards riskier activities. Meanwhile, the expert predicts that Stock markets continue their current downward correction From a short-term rally that started at the end of March. Technically, index STOXX50 The stage was set for a deeper correction yet The breach of the level of 4365 points’, most notably by Pierre Ferret.
At 16.30 FTSEMib It lost 1.02% to 26,976 points, after fluctuating between the lowest level of 26,852 points and 27,167 points. At the same time FTSE Italia All Share It was down 0.99%. Also in red Medium hat from FTSE Italia (-0.67%) f Star of FTSE Italy (-0.75%).
the Bitcoins It was close to $30,000 (just under €27,000).
the BTP-Bund spread Still less than 190 points, with BTP return for ten years which fluctuates around 4.25%.
L’euro It exceeded $1.105.
More sales on the banking sector stocks, after the sharp declines recorded in the previous session, in the wake of UBS’ quarterly report. First Republic’s collapse on Wall Street weighs heavily on the sector.
bad UniCredit (-2.35% to 17,922 euros). As part of the ordinary share buyback program launched on April 3, 2023, the Bank announced that, in sessions between April 17 and April 21, 2023, it had purchased 10.24 million treasury shares, at a weighted average price of €19.438 per share, for a total of 10.24 million treasury shares. at a value of 199 million euros.
worst performance for BancoBPM (-5.69%) f Bank Paper (-6.18%).
MidCap’s still struggling JuventusAfter the strong correction it was subjected to in the previous session. The Juventus club title lost 3.19% to 0.2978 euros.
Among the companies included in Euronext Growth Milan is to focus on U Capital 24 (Pending due to excessive bias, with a theoretical advance of 7.3%). Borsa Italiana reports that from Wednesday, April 26, 2023 until further communication regarding the company’s common shares, it will not be possible to place orders without a price limit (orders at best).
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