December 4, 2022

Wire Service Canada

Complete Canadian News World

Borsa Italiana, suspension of November 16, 2022 hearing

Definitely negative performance for Telecom Italia TIM after Fitch downgraded its debt rating by one notch. At MidCap, focus on MFE-MediaForEurope

The main indices of the Italiana Stock Exchange and the main European financial centres Confirmed in the negative area, in the wake of fears of renewed conflict between Russia and Ukraine. Meanwhile, the placement of the 18th tranche of BTP Italia, which ends in November 2028, continues: in the first two days of the offering, the guarantee received orders worth 5.43 billion euros.

at 15.20 FTSEMib It recorded a decrease of 0.49% to 24,580 points, after fluctuating between a minimum of 24,514 points and a maximum of 24,759 points. At the same time FTSE Italia All Share lost 0.55%. worst performance for Medium hat from FTSE Italia (-1.09%) and for Star of FTSE Italy (-1.86%).

The Bitcoins Close to $16,500 (less than €16,000).

The BTP-Bund spread It returned to 190 pips, with the 10-year BTP yield remaining just under 3.95%.

L’euro It is confirmed above $1.04.

Telecom Italia TIM Featured in FTSEMib. Telephone company ownership records a 3% decline At a price of 0.226 euros. Fitch Ratings downgraded the phone company’s debt rating by one notch from “BB” to “BB-“; The rating outlook for the coming quarters remains negative.

Sales are also on Saipem (-2.79%).

Without directing the banking sector shares.

Intesa San Paolo It records a minimum advance of 0.02% to €2.1905. Goldman Sachs analysts raised the price target for the institute’s stock, led by Carlo Messina, to 3.1 euros. Experts confirmed the stock buy signal.

READ  Tencent still outperforms Sony and Microsoft, the No. 1 video game company by revenue - Nerd4.life

In MidCap Focus On MFE – MediaForEurope (-4.23% to €0.5205). The publishing company released its financial results for the first nine months of 2022 and confirmed the target of achieving positive economic results and underlying cash generation (free cash flow) for the year.