February 5, 2023

Hardwood Paroxysm

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Borsa Italiana, suspension of January 4, 2023 hearing

The main index of Borsa Italiana rose 2%. Enel is leading the rise in utilities. Bank stocks are also doing well. Sales, however, are on oil

The main indices of the Italiana Stock Exchange and the main European financial centres confirmed in the positive regionand consolidating the increases achieved in the first two cycles of 2023. “Apparently Many investors remain optimistic about the global macro situationPierre Verret, technical analyst at ActivTrades, said the bullish sentiment could accelerate further this week if the next major macro data release supports the current setup.

at 15.20 FTSEMib It rose 1.84% to 24,887 points, just below the intraday high of 24,920 points. At the same time FTSE Italia All Share It increased by 1.75%. plus sign for file Medium hat from FTSE Italia (+ 1.03%) and l Star of FTSE Italy (+0.92%).

the Bitcoins It approached $17,000 (just under €16,000).

the BTP-Bund spread It fell below 205 pips, with the ten-year BTP yield dropping to 4.35%.

L’euro It consolidates above $1.06.

it is in (+3.7% to €5,496) Utilities lead the rallywhich is benefiting from lower yields on Italian government bonds.

Also positive performance for i Banking stocks.

Highlight BancoBPMwhich earns 5.04% to 3.671 euros. very very good UniCredit (+ 3.98%).

Oil stocks are sellingAfter the price of crude oil in New York (contract expires in February 2023) returned to $75 per barrel, from $74.26 per barrel.

Where is it? And it recorded a decrease of 0.36% to 13.736 euros, while Saipem loses 1.44%.

See also  Borsa Italiana, suspended session of December 12, 2022

worst performance for Tenaris (-5.85%).

Also worth noting is the performance Telecom Italia TIM. The telephone company’s shares rose 5.16% to 0.2345 euros.

MidCap Racing Juventus (+3.11% to €0.3712). The black and white club’s stake gained 50.5% compared to the minimum amount of €0.2466 on December 7, 2022.

Rise also stands out Data Logic (+ 5.9%).