February 5, 2023

Hardwood Paroxysm

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Borsa Italiana, suspended session of December 13, 2022

A hop on the Milan stock exchange that put the turbo on in the afternoon after a quiet morning. Support the good performance of banks and market industrialists

A hop on the Milan stock exchange that put the turbo on in the afternoon after a quiet morning. Support the good performance of banks and market industrialists. The rallies would have been much more noticeable if it weren’t for the correction at the end.

The FTSEMib It closed up by 1.37% at 24,637 points (oscillating between a minimum of 24,292 points and a maximum of 24,899 points). The FTSE Italia All Share gained 1.39%. better performance for Medium hat from FTSE Italia (+ 1.61%) and l Star of FTSE Italy (+ 2.01%). In the December 13, 2022 session, the value of trading rose to 2.18 billion euros, compared to 1.33 billion last Monday.

The Bitcoins It rose to just under $17,800 (just over €16,700).

The BTP-Bund spread It fluctuated around 185 points, with the ten-year BTP yield remaining at 3.65%.

L’euro It rose above $1.06.

Industrialists and banks took care of supporting the market. Among the notable premieres STM extension (+ 3.48%), pirelli (+4.17%) and amplifier (+ 1.96%). Among the second good mps extension (+6.48%) and BancoBPM (+4.05%). Also good UniCredit (+ 1.31%). hard as well Intesa San Paolo (+ 2.01%).

Lost in the final Telecom Italia TIM (-0.29%). According to press reports, a summit will be held next Thursday, December 15, between the government and representatives of the company’s main shareholders (Vivendi and Casa Depositi e Prestetti), to discuss the next steps that the executive authority is considering after the recent bidding halt. Online.

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increasing generals (+1.04%), which this morning updated the financial community on the implementation of new accounting standards (which will significantly improve visibility and forecasting of profits in the life sector) and on the merger of Cattolica from which it acquired control in 2021. This last operation is said to be lead to greater synergies than initially anticipated at the launch of the acquisition offer. Generali now expects synergies of between 120 and 130 million by 2025, against an estimate of 80 million expected by 2026. The Lion of Trieste now expects a normal net profit until 2024 from Cattolica’s core business of at least 145 million. Compared to initial forecasts, this could translate into an additional contribution of 0.4 percentage points to EPS growth in 2021-2024. Generali also expects Cattolica’s core business to post a net profit of between €171 and €178 million in 2025.