Italian Stock Exchange, commentary on today’s session (October 28, 2022)

Italian Stock Exchange, commentary on today’s session (October 28, 2022)

ENI rose more than 2%, after the announcement of financial results for the third quarter of 2022. Take profit on Saipem. STM . negative trend continues

negative-market_1The main indicators of the Italian Stock Exchange and the main European financial markets were confirmed in negative area In the last session of the week. According to Pierre Ferret – Technical Analyst at ActivTrades – low risk appetite has taken away the disappointing earnings reported by major tech companies, notably Amazon. The expert emphasized that “the uptrend in stock markets is still fragile.”

It’s 12.50 FTSEMib It lost 0.98% to 22,368 points, after fluctuating between a minimum of 22,255 points and a maximum of 22,412 points. At the same time FTSE Italia all participated It decreased by 0.94%. Also minus sign for FTSE Italia medium hat (-0.65%) for The star of FTSE Italia (-0.81%).

The Bitcoin It is just over $20,000.

The BTP-Bund spread It returned to 205 pips, with the ten-year BTP yield exceeding 4.15%.

L ‘euro It stands just below parity against the dollar.

where are you Records an increase of 2.46% to €13,236The day the six-legged dog I spread out Financial results for the third quarter of 2022. Management reviewed some financial and operational indicators for the whole of 2022 and determined that the €2.4 billion share buyback program is expected to be completed by the end of the year. Meanwhile, the ENI Board of Directors has approved the potential issuance, by December 31, 2023, of one or more bonds to be offered to the general public in Italy. The total amount of bonds will not exceed 2 billion euros.

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He exploited Saipem (-10.27%)After the sharp rise in the previous session.

negative direction of ST (-5.94% to 30.57 euros). After publishing the quarterly results, Goldman Sachs analysts cut their target price on the Italian-French group to 39 euros.


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