August 12, 2022

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Italian Stock Exchange, commenting on today’s session (21 July 2022)

A definitely negative day for bank stocks, following developments in the government crisis in Italy and awaiting ECB decisions. BTP-Bund spread at 235 pips

nervous sitting As for the main indices on the Italian Stock Exchange and the main European financial markets, Piazza Avary recorded the worst performance today on the Old Continent. There are two issues that dominate the stock markets In today’s session: la government crisis in Italy and European Central Bank monetary policy decisions. In particular, the central bank raised interest rates by 50 basis points and approved the Transfer Protection Instrument (TPI).

It’s 2.35 pm FTSEMib It recorded a decline of 0.66% to 21,207 points, after it fluctuated between a minimum of 20,725 points and a maximum of 21,233 points. At the same time FTSE Italia all participated He lost 0.64%. Fractional differences for FTSE Italia medium hat (-0.25%) for The star of FTSE Italia (+0.32%).

The BTP-Bund spread It fell below 235 points, despite the fact that the yield on Italian 10-year bonds was close to 3.7%. According to Annalisa Piazza – Fixed Income Research Analyst at MFS Investment Management – The spread of BTP-Bund is likely to expand in the coming weeksIn the wake of political tensions in Italy. However, the analyst rules out that the spread will reach the levels seen during the global financial crisis or in the biennium 2018-2019, when the existential issues of the eurozone were discussed. But Annalisa Piazza concluded: “But more doubts will certainly come down in prices.”

The Bitcoin Still less than $23,000 (about 22,000 euros).

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L ‘euro It rose to 1.025 dollars after the decisions of the European Central Bank.

Definitely a bad day for securities in the banking sectorhaving suffered a correction in the previous session, following the developments of the government crisis in Italy and awaiting the monetary policy decisions of the European Central Bank.

Push-ups from BancoBPM (-2.73%) from Intesa San Paulo (-2.57%) and from UniCredit (-3.64% to 8.681 euros).

bad performance for Italian Post (-5.22%).

down too where are you (-0.95% up to 11.068 EUR). The Six-Legged Dog published the consensus of analysts regarding the financial statements for the second quarter of 2022. Estimates published on the website of the oil giant, for the period from April to June, indicate an adjusted operating profit of 5.24 billion euros and an adjusted net profit of 3.27 billion euros.

Saipem (-4.05%) H Telecom Italia TIM (-3.94%) among the worst in the FTSEMib index.