Italian Stock Exchange, comment on the session of October 20, 2023

Italian Stock Exchange, comment on the session of October 20, 2023

More sales in bank stocks after the correction they experienced in the previous session. Stellantis’ decline continues. Important insights among luxury companies.

direction negative For the main Italian stock market indices and for the main European financial markets, which register Cuts exceeding one percentage point In the last session of the week. The day features some technical appointments; Options on stocks and indices expired in October 2023.

At 3.25 pm Ftsimib It declined by 1.07% to 27,449 points, after ranging between a minimum of 27,336 points and a maximum of 27,635 points. At the same time FTSE Italy All Shares Decreased by 1.05%. Also in red FTSE Italy Mid Cap Index (-0.77%) and FTSE Italy Star Index (-1.1%).

the Bitcoin It dropped to $29,500 (just under €28,000).

the Btp-bond spread It remains above 200 points, with the 10-year BTP yield fluctuating around 4.95%.

to’euro Close to $1.06.

More selling in banking sector stocksThis was after the correction he was subjected to in the previous session.

focus on Monte dei Paschi di SienaWhich recorded a decline of 3.08% to 2,395 euros.

Oil sector stocks are risingDespite the return of the price of crude oil in New York (the contract expires in November 2023) to $90.5 per barrel.

Where are you? It recorded an advance of at least 0.05% to 15.46 euros.

But in sharp decline Saipem (-4.21%).

negative trend for Stellantis (-2.03% to 17.718 euros), after the decline it suffered in the previous session. ACEA (the European association that brings together automobile manufacturers) announced that in September 2023, 861,062 vehicles were registered in the European Union, an increase of 9.2% compared to 788,258 in the same period of 2022. In Stellantis sales increase in September 2023: The automotive group recorded Last month registrations increased by 11.3% with 165,800 cars sold; As a result, Stellantis’ market share in Europe reached 19.3%.

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Important insights among luxury companies.

Brunello Cucinelli Recording an increase of 4.61% to 74.95 euros. The company provided some Financial indicators related to the first nine months of 2023. Moreover, for the whole of 2023, Brunello Cucinelli’s management expects sales volume growth of 20% to 22%, compared to the previous indicator of 19%.

backwards, Salvatore Ferragamo Loses 2.35% to 11.64 euros. The company provided some Financial indicators related to the first nine months of 2023The period ended with revenues of €844.19 million, down 8.3% compared to €920.73 million obtained in the first three quarters of the previous year.


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