October 6, 2022

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Italian Stock Exchange, commenting on today’s session (April 6, 2022)

Bank sales started: BancoBPM retreated. Shares of Telecom Italia Team and Generale also fell. AVIO’s leap into the STAR sector stands out

The main indices of the Italian Stock Exchange and the main European financial markets They decreased by more than 1 percentage point. This was reported by Pierre Ferret, Technical Analyst at ActivTrades European stocks suffer from lower risk investors, while tight monetary policies and lower growth expectations continue to pressure market sentiment. “While investors remain focused on accelerating interest rate hikes in the United States, with a possible half-point hike expected as early as the April meeting, a critical question for traders relates to the Fed’s balance sheet contraction, especially after Governor Lyle Brainard signaled a pace cut Quick and as quickly as possible,” stressed the expert, which according to these comments indicates a A massively aggressive move by the Fedalthough questions remain about the impact of high rates and liquidity withdrawals on long-term growth.

at 11.35 FTSEMib It was a 1.41% reversal at 24,610 points after it ranged between a minimum of 24,535 points and a maximum of 25,016 points. At the same time FTSE Italia all participated It was losing 1.42%. Also in red FTSE Italia medium hat (-1.6%) To get The star of FTSE Italia (-1.21%).

The Bitcoin It is still less than 45,500 dollars (about 41,500 euros).

The BTP-Bund spread Has exceeded 165 points.

L ‘euro It’s back to $1.09.

Bank sales are running.

The BancoBPM Produces 1.84% to 2.714 euros. The Bank has completed the issuance of an additional tier 1 permanent instrument in the amount of €300 million. The securities intended for institutional investors are issued at an equal footing and pay a semi-annual, fixed and non-cumulative coupon, equal to 7%, and can be called by the issuer starting April 12, 2027.

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Telecom Italia TIM He is still among the main characters of FTSEMibOn the eve of the shareholders meeting to approve the financial statements for the year 2021 the name of the telephone company lose 0.96% At a price of 0.31 euros. According to what was written in Il Sole24Ore, KKR was going to give up on formalizing the show to take control of the phone company. However, the private equity fund does not exclude the possibility of evaluating other transactions.

Unmanaged stocks in the oil sectorAfter the price of crude oil in New York (the contract expires in May 2022) returned to $ 103 a barrel.

Saipem He recovered 0.75% to €1.1415. The engineering company announced that it has won new contracts for offshore exploration in the Middle East and West Africa, with a total value of more than $400 million.

Sales also on general (-0.84% ​​to 20.04 euros). IVASS (Institute for Supervision of Insurance Companies) indicated that it had not found any items useful for initiating an administrative proceeding in connection with the potential purchases of Generali shares agreed between some of the shareholders of the insurance company.

Jump AVIO (+ 14.3% up to € 11.96). The company said Arianespace has signed a contract with Amazon for 18 carrier Ariane 6 launches to put satellites into orbit for its Kuiper broadband internet.