August 10, 2022

Hardwood Paroxysm

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Borsa Italiana, commenting on today’s session (August 1, 2022)

A definitely positive session for both BPER Banca and IntesaSanpaolo. Generally also very good. At Euronext Growth, Milan focused on energy on debut

The main indices of the Italian Stock Exchange and the main European financial markets started the week With an unconfirmed session, after excellent performances that scored the last octave. This was reported by Pierre Ferret, Technical Analyst at ActivTrades The best performing stock markets in the old continent are those related to telecom services and financial sectors, Which made the lists close to the short-term resistance. However, the expert noted that some investors remain skeptical that the current appetite for risky assets will persist further into August. “Investors may be tempted to profit It is the best monthly performance recorded by stock markets since November 2020, while the main drivers of a bear market such as rising inflation, tightening liquidity and the possibility of a recession remain,” Assumed Pierre Verrett.

at 15.25 FTSEMib It rose 0.83% at 22,592 points, after it fluctuated between the lowest level at 22.485 points and the highest level at 22.808 points. At the same time FTSE Italia all participated It rose 0.74%. Fractional differences for FTSE Italia medium hat (+0.01%) and The star of FTSE Italia (-0.59%).

The BTP-Bund spread It returned to 225 points after the Italian 10-year bond yield returned to less than 3.05%.

The Bitcoin It fluctuates around $23,000 (around €22,500).

L ‘euro It’s back to $1,025.

Important insights for banking sector stockson the heels of HSBC’s rally: The British Institute released a better-than-expected quarterly report.

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in the guide Intesa San Paulo (+ 1.35% for €1.752) H UniCredit (-0.25% to 9,556 euros). The global agency Standard & Poor’s has aligned expectations for the ratings of the two institutions with that of Italy’s sovereign debt, bringing it from “positive” to “stable”. Experts confirmed the long-term “BBB” and the short-term “A-2” rating.

better performance for Paper Bank (+2.93% to 1.3895 euros). The institute has informed the preliminary results regarding the takeover offer launched in Procedures Normal Based on savings From Banka Carriage. At the close of the transaction, 96,028,051 ordinary shares of Banca Carige, representing 12.6% of the Ligurian Corporation’s share capital, and a savings share were issued. Therefore, BPER Banca will own 93.9% of Banca Carige’s share capital in common stock, as well as 5% of the share capital of the savings stock.

general Records an increase of 2.54% to 14,955 euros, on the day the Board of Directors meets to examine the half-year results, which will be released on August 2, before the start of trading on Piazza Avary. Meanwhile, the insurance company announced that at the end of the commitment to buy shares Cattolica Asicurazione, to a total of 222,314,819 common shares of Cattolica, equivalent to 97.36% of the company’s share capital. Based on these findings, Generali will begin the joint action, while Borsa Italiana has ordered the listing of Cattolica Ascicurazioni starting from the August 12, 2022 session.

Telecom Italia TIM Earns 0.28% to 0.2168€. Referring to press rumors about managers leaving the top of the group, the phone company specified that it has not released any communication on the matter.

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lowest EXOR (-1.76% at €67.16). The Agnelli family holding company has announced that the board of directors has approved a proposal to transfer its stock listing to Euronext Amsterdam, a list that already hosts some of its subsidiaries. EXOR expects the listing on the Dutch list to be effective from mid-August. After the listing has been transferred to Euronext Amsterdam, ownership will be applied to write off its shares from Piazza Afari.

Jump Jafran (+ 12.2% to € 9.96). The company has signed a framework agreement for the sale of the engine business to the Brazilian group WEG for a total value of €23 million.

At Euronext Growth, Milan focuses on energy, on the day it debuted on the price list for dynamic and competitive SMEs.. the address Records a jump of 13.2% to 2.7175 euros. The company’s shares are set at €2.4, with an initial capitalization of €147.3 million.