Borsa Italiana, commentary of the March 28, 2023 hearing

Borsa Italiana, commentary of the March 28, 2023 hearing

Always focus on banking stocks after the strong fluctuations recorded in the recent sessions. Oil producers are recovering. Also in the TIM Telecom Italia directories

The main indices of the Italiana Stock Exchange and the main European financial centres Experience partial changesafter gaining more than 1 percentage point at the beginning of the session.

At 12.50 FTSEMib It rose by 0.18% to 26,254 points, after it oscillated between a low of 26,244 points and a high of 26,499 points. At the same time FTSE Italia All Share It increased by 0.14%. The minus sign is, instead, for Medium hat from FTSE Italia (-0.27%) and l Star of FTSE Italy (-0.23%).

the Bitcoins It fell to less than $27,000 (just under €25,000).

the BTP-Bund spread It widened to over 185 pips, with the ten-year BTP yield reaching 4.15%.

L’euro It is still above $1.08.

Always focus on the stocks of the banking sectorAfter the strong fluctuations recorded in the past sessions. Monica Devind – President of Amundi Institute – Vincent Mortier – Group Chief Investment Officer – and Matteo Germano – Group Vice President of Investment at Amundi – noted that European bank fundamentals are strong and that banks, including Deutsche Bank, have capital and liquidity levels that exceed regulatory requirements. We also note that the ECB and other central banks have given explicit assurances about their willingness to address any liquidity shortfalls in the system. Furthermore, all European regulators have assured bank investors that they will respect the logic of capital in the event of a dissolution or merger. Experts emphasized the Credit Suisse incident. She was an exception.”

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discreet upwards to Intesa San Paolo (+0.48% to €2.2825). In the sessions between March 20 and 24, 2023, the Institute, led by Carlo Messina, purchased 128.23 million treasury shares, at a weighted average price of €2.3054 per share. The total value of the deal amounted to 295.62 million euros. The shares purchased equate to approximately 0.68% of the share capital.

better performance for UniCredit (+0.82% to €16,564).

Inventories are recovering in the oil sectorAfter the price of crude oil in New York (contract expires in May 2023) exceeded $73 per barrel.

Where is it? A gain of 1.71%, to 12,518 euros.

Also positive performance Tenaris (+ 1.97%) f Saipem (+ 1.24%).

Also highlights Telecom Italia TIM (+ 1.73%).


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