Borsa Italiana, Commentary of May 24, 2023 hearing

The main indices of the Italiana Stock Exchange and the main European financial centres It was just above today’s lows. Pierre Ferret – Technical Analyst at ActivTrades – reported this Risk appetite has fallen sharply After the investors witnessed another day of discussions on the issue of the US debt ceiling, which ended in a dead end.

at 15.40 FTSEMib It lost 2.37% to 26,531 points, after touching an intraday low of 26,503 points. At the same time FTSE Italia All Share decreased by 2.3%. Also in red Medium hat from FTSE Italia (-1.77%) f Star of FTSE Italy (-1.66%).

the Bitcoins It is confirmed for less than $27,000 (less than €25,000).

the BTP-Bund spread It fluctuates around 185 pips, with BTP return for ten years which is still less than 4.3%.

L’euro It stands below $1.08.

Sales prevail over banking sector stocks.

The exception is Mediobanca, which posted a 1.52% increase to €10.33. Instituto Piazzetta Cuccia reported i Financial objectives of the Strategic Plan 2023-2026. In particular, Mediobanca’s management expects to increase shareholder remuneration to 3.7 billion euros in the three-year period 2024-2026 and has announced the introduction of an interim dividend.

Intesa San Paolo And UniCredit They lost 3.5% and 4.03%, respectively.

worst performance for Monte dei Paschi di Siena (-6.01%).

down too Believes (-2.15% to €6.83). The institute launched the second issue of green bonds, intended for institutional and professional investors, for the amount of 400 million euros. The bond received €2.2 billion in orders, nearly 6 times the bid; The term of the bond is 6 years, with an effective rate of 5.686%.

Leonardo’s drop was notable, leaving 5.22% on the floor at €10,445.. Goldman Sachs analysts raised the target price for the airline from €11.7 to €12. But the experts downgraded the rating from “Buy” to “Neutral”, after the title’s increase in the first months of 2023.

Very bad STM extension (-4.12%) f pirelli (-5.32%).