Borsa Italiana, Commentary of May 8, 2023 hearing

Borsa Italiana, Commentary of May 8, 2023 hearing

And took profits in Telecom Italia TIM after the jump recorded in the Friday session. Among the bankers, the Monte dei Paschi di Siena performer stands out

The main indices of the Italiana Stock Exchange and the main European financial centres Fractional increases were recorded in the first session of the week. Pierre Ferret – Technical Analyst at ActivTrades – reports that although trading volumes are lower than usual due to the closure of the London Stock Exchange, Risk appetite remains strong. He said investors remain positive and optimistic about Friday’s reassuring US jobs report, as it highlights the resilience of the US labor market in the face of tight money supply and rising inflation fears. “but, The volatility may never end for stocksPierre Ferret warned that the main concerns remain due to further monetary tightening by the European Central Bank, the issue of the US debt ceiling and the banking crisis.

At 14.00 FTSEMib It rose 0.4% to 27,457 points, after it oscillated between a low of 27,312 points and 27,474 points. At the same time FTSE Italia All Share He earned 0.36%. opposite direction to Medium hat from FTSE Italia (+ 0.17%) and l Star of FTSE Italy (-0.43%).

the Bitcoins It retails for under $28,000 (just under €25,500).

the BTP-Bund spread It fluctuates around 190 points, with BTP return for ten years which approached 4.25%.

L’euro It remained below $1.105.

Telecom Italia TIM It loses 0.26% to 02,681 euros, after the jump recorded in the Friday session. Il Sole24Ore reported the rumors regarding the possible support from the Ministry of Economy and Finance of a possible union between KKR and Cdp (to which F2i could also be added) to take over the telephone company’s network infrastructure.

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Some thoughts in between Banking services.

Banca MPS in Evidence (+ 5.62% to € 2.16). As reported by Reuters, the Ministry of Economy and Finance can assess the possibility of reducing the stake held in the Sienese Institute (currently equivalent to 64.2% of the capital), by offering some share packages to the market.

Intesa San Paolo A gain of 1.32%, to 2,464 euros. Several investment banks improved their target price on the institution, led by Carlo Messina, after the first quarter of 2023 results were released.

BancoBPM also performed well (+1.35%)Quarterly results are awaiting publication.

rise of CNH Industrial (+2.76%) while Diasurin loses 2.63%.

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