Telecom Italia TIM scores today’s best performance in FTSEMib. Securities oscillate from the banking sector and oil. At Euronext Growth, Milan focused on Bifire
The main indices of the Italian Stock Exchange and the main European financial markets Record drop within a percentage pointafter spreading Preliminary indicators of the trend of consumer prices May in Italy and Europe. Istat announced that in May 2022 the national consumer price index for the whole community (total tobacco) recorded an increase of 0.9% month-on-month and growth of 6.9% year-on-year (from +6% in the previous month); The annual number was above the consensus of analysts, which indicated an increase of 6.2%. In Europe, inflation recorded an annual increase of 8.1%, compared to + 7.4% and + 2% in the same month of 2021. The figure was higher than the consensus of analysts who indicated an increase of 7, 7%.
at 14.25 FTSEMib It fell 0.96% to 24,570 points, just above the intraday low of 24,541 points. At the same time FTSE Italia all participated Leaving 0.95% on the ground. Also minus sign for FTSE Italia medium hat (-1.06%) To get The star of FTSE Italia (-0.94%).
The Bitcoin It fluctuates around $31,500 (around €29,500).
The BTP-Bund spread Almost 200 points.
L ‘euro It fell to $1.07.
Telecom Italia TIM Score best performance of the day in FTSEMib. The phone company’s stock rose 3.7% to 0.2999 euros.
However, in sharp decline, Ferrari (-4.06% to 181.85 euros). Citigroup analysts lowered their target price for the Prancing Horse stock to €140 and confirmed the signal to sell the stock.
Stocks swing in the banking sector.
The performance of the Paper Bank (+ 1.25% to 1.908 euros). Exane analysts raised the target rate on the bank to 3.2 euros and confirmed the opinion of “Outperform” (it will outperform the market).
Tense session for stocks in the oil sectorAfter the price of crude oil in New York (the contract expires in July 2022) reached more than $119 per barrel.
tincast Records an increase of 9.08% to €26.44. The company announced that it has entered into binding agreements to sell its credit information management division, which provides business information and technical estimation services in the real estate sector, through the sale of equity investments held in Innolva and ReValuta. . The deal values the split with a total value of €237.5 million to the foundation.
At Euronext Growth, Milan focused on Bifire, on the day it debuted in the price list for dynamic and competitive SMEs. the address lose 0.54% to 3.65 euros. The company’s shares are set at €3.67, with an initial capitalization of €64.04 million
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