August 11, 2022

Hardwood Paroxysm

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Business in the United States is returning to pre-Covid levels. Stock markets are falling, fearing the Fed is more aggressive

(Il Sole 24 Ore Radiocor) – The European stock exchanges Slow down the pace and go below par after boom Careers In the United States, much higher than expectations. Basic data that strengthens one hypothesis feed it More aggressive in raising interest rates to curb inflation (specifically in light of the strength of the US economy). Thus, the lists see the disappearance of the hypothesis of strengthening the rise of the last sessions, after the gloomy expectations of the last trading sessions. Bank of England on the British economy, with the Bank of England’s biggest adjustment to the cost of money in 27 years. Also worrying the markets are the geopolitical tensions between Washington and Beijing, which center around the “Taiwan issue”, while the season of my quarter With surprises in many cases positive. In Milan, the pointer FTSE MIB It moves in the second part of the session into negative territory, as is the case with Frankfurt (Dax 30) , Paris (CAC 40) and london (FT-SE 100). Wall Street is also in red.

In the US, there was a job boom in July, above expectations

Better-than-expected July employment report in the US. Last month, 528,000 jobs were created (excluding agriculture) compared to the previous month, while analysts expected an increase of 258,000 jobs. Unemployment decreased from 3.6% in June (confirmed data) to 3.5% currently, the best number since the start of the pandemic, against expectations for a confirmation of 3.6%. In detail, in July, employment in the private sector increased by 638,000 units and returned to pre-pandemic levels. The number of unemployed fell to 5.7 million and the unemployment rate fell to 3.5%: so the numbers returned to February 2020 levels, before covid.

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In Piazza Afari they grab Bper and Pirelli, Mps

Ftse Mib to fly is Pop eh bankwhich on the eve of a report above expectations for the quarter, e Pirelli and C Always on the heels of profit and revenue calculations on the rise and in the upward trend of 2022. The holding has not moved much Atlantia Which saw revenue and EBITDA rise in the first half of the year. redemption for Telecom Italia After a series of sessions in “red”. In Avary Square, before the opening, it was also the turn of the group accounts Unipol which saw a consolidated net semi-annual result of 684 million (+5%), and successfully closed the sale of UnipolRec loan portfolio. At the bottom of the main price list TenarisAnd the Leonardo – Finmeccanica the utilities sector and the asset management sector, through Banka General to me Mediolanum Bank. A clot between bankers for Mps Bank An invitation to test the financial statements: The second quarter ended with a profit of 18 million and the first half with a net result of 27 million from 202 million in the same period of 2021. Bob Punk Sunder Yet accounts with diminishing profits due to trading activities, but with higher premium revenue.

FTSE Mib stock market trend

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Unipol net profit rises to 684 million (+5%)

Group board of directors UnipolBefore the markets opened, he approved first-half accounts showing a consolidated net result of 684 million (+5%). Direct insurance deposits amounted to 6.6 billion (+1.2%) with 4.2 billion (+5.8%) non-life of which 2 billion were for cars and 2.2 billion for non-motor vehicles. The combined ratio rose to 94.1% from 92.6% in the previous year, which was impacted by lower closing-related trading. The company, confirming the “consolidated operating income trend for the current year in line with the objectives set out in the Strategic Plan 2022-2024,” announces the successful completion of the sale of the UnipolRec loan portfolio. The subsidiary’s board of directors decided to accept AMCO’s offer to sell the company’s loan portfolio at a price of 307 million euros.

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