Borsa Italiana, Commentary of July 14, 2023 hearing

The main indices of the Italiana Stock Exchange and the main European financial centres Partial differences recorded In the last session of the week. According to Hans-Jörg Naumer – Director of Global Capital Markets and Thematic Research at Allianz Global Investors – due to the amorphous technical situation (the RSI shows neither selling pressure nor buying pressure on the major markets), and in general, the data at the exit does. It does not portend a week full of news and the stock markets will not be able to post significant gains. Anyway, awareness b Higher rates, longer“, added the expert.

the FTSEMib It lost 0.39% to 28,663 points, after it fluctuated between the lowest level at 28,625 points and the highest level at 28,825 points. However, the main Italian stock index ended the week up by 3.19%. the FTSE Italia All Share It closed down 0.37%. opposite direction to Medium hat from FTSE Italia (-0.19%) and l Star of FTSE Italy (+0.07%). In the July 14, 2023 session, the value of trades decreased to 1.89 billion euros, compared to 2.19 billion on Thursday.

the Bitcoins It was just under $31,500 (just under €28,000).

the BTP-Bund spread It fluctuated between 165 and 170 points, with BTP return for ten years reported higher than 4.15%.

L’euro It was close to $1,125.

It always highlights the stocks of the banking sectorThe day the first quarterly results of the giant American financial companies were released. According to Walid Koudamani – Chief Market Analyst at XTB – Earnings season is likely to be a major event for sentiment in the second half of the year, as there are many question marks and more potential answers. “One thing is for sure, the market will be watching the incoming data closely and active investors should remain extra vigilant as this earnings season could bring a lot of intense emotions.”

the Monte dei Paschi di Siena It closed up 1.72% at 2.539 euros, while the BancoBPM 2.15% left on the ground.

The negative performance of the oil sector stocksafter the New York crude oil price (contract expires in August 2023) fell below $76 per barrel.

Where is it? It decreased by 1.42% to 13,426 euros.

Telecom Italia TIM It rose 0.54 percent to 0.2624 euros. Il Sole24Ore has published some statements made by the managing director of the telephone company, Pietro Labriola. In particular, the manager does not rule out issuing new bonds, after offering bonds due in July 2028 for 750 million euros.

Brunello Cucinelli It recorded a decline of 3.6%, to 80.35 euros. The company stated that net revenues for the first half of 2023 amounted to 543.92 million euros, an increase of 31% compared to 415.36 million euros obtained in the first half of last year. On the basis of the results achieved in the first half of the year and forecasts for the coming months, Brunello Cucinelli’s management decided to update its growth estimates for the full year of 2023, projecting an increase in revenues of between 17% and 19% compared to the previous forecast of an increase of 15%.

Among the smaller capital companies focus on grow (+6.64% to €6.42). The company announced that it has completed the sale of the Mailup business unit to TeamSystem through owned equity investments in MailUp, Acumbamail, MailUp Nordics and subsidiary Globase International. The price paid is 76.7 million euros. In addition, Growens’ Board of Directors has approved process guidelines that envisage the promotion of a voluntary partial takeover offer of treasury stock. The transaction relates to a maximum of 2,647,058 shares, which is equivalent to 17.2% of the total issued ordinary shares at the unit price of €6.8.

Cast Diva Group It increased by 9.47%, to 1.33 euros. The Company’s Board of Directors proposed an extraordinary dividend distribution partly in cash, by distributing a lump sum equal to €0.02822 per share outstanding (using available reserves) and partly in kind by ceding treasury shares in the portfolio, in the ratio of 1 share for every 100 shares held.