December 4, 2022

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Italiana Stock Exchange, commenting on today’s session (October 12, 2022)

More sales on banks, except for Monte dei Paschi di Siena (suspended to the upside). Telecom Italia TIM on the swing. In MidCap Bad Juventus FC

The main indices of the Italian Stock Exchange and the main European financial markets They bring themselves into the negative zone. Louise Dudley – global equity portfolio manager at Federated Hermes – reported that as the upcoming earnings season approaches investors focus, the previous quarter of downward revisions (on both GDP and earnings) It can only bring with it a negative tone. “The only positive aspect is that the weak phase of the economy brings with it more aggressive central banks and the potential for less sharp interest rate hikes,” the expert said.

at 14.20 FTSEMib It lost 0.6% to 20,607 points after fluctuating between a minimum of 20,422 points and a maximum of 20,755 points. At the same time FTSE Italia all participated It decreased by 0.58%. Also negative performance of FTSE Italia medium hat (-0.57%) for The star of FTSE Italia (-0.44%).

The Bitcoin It’s still just over $19,000 (more than 19,500 euros).

The BTP-Bund spread It hit 245 pips, with a 10-year BTP yield of 4.85%. In the morning the Ministry of Economy and Finance has Annual BOT Mode: Total allocation yield increased to 2.532%.

L ‘euro It fluctuates around $0.97.

Once again sales to the bankers, except for the sole Monte dei Paschi di Siena. The address of the Sienese Institute is Suspended due to excessAfter recording a theoretical progress of 8.5%. According to the main newspapers, the timing and details of the €2.5 billion capital increase are still to be determined.

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bad Intesa San Paulo (-1.68%) H Paper Bank (-1.09%).

Also negative performance of More active in asset management. to retreat Azimut Holdings (-4.75%).

Negative performance of stocks in the oil sectorAfter the price of crude oil in New York (the contract expires in November 2022) fell below $88 a barrel.

where are you It records a decrease of 1.83% to 11,358 euros. Very bad Tenaris (-3.83% for €13,935).

Very bad Leonardo (-5.16%).

On the other hand, a positive tone for luxury companies, following business turnover data for the first nine months of 2022 released by LVMH, the result was 28% higher and better than expected. especially, Moncler It earns 2.82%.

Telecom Italia TIM on the swing. Phone company address Retreats and loses 1.31% to 0.1738 euros.

Bad MidCap Juventus (-2.86% to 0.2714 euros). Juventus lost 2-0 at the hands of Maccabi Haifa in the Champions League group stage match. Now, hopes of qualifying for the round of 16 of the major European football tournament are fading.