December 9, 2022

Hardwood Paroxysm

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Italian Stock Exchange, commenting on today’s session (March 9, 2022)

UniCredit earns over 11%. Sales of oil sector stocks declined after the price of crude fell below $118 a barrel. Well Telecom Italia TIM

A great day for the main indices of the Italian Stock Exchange and for the main European financial markets that they record increases within 5%.

It’s 15.00 a day FTSEMib It rose 5.07% to 23,449 points, just below the intraday high of 23,526 points. At the same time FTSE Italia all participated 5.02% recovered. plus sign for file FTSE Italia medium hat (+4.79%) and for The star of FTSE Italia (+ 4.02%).

The Bitcoin It fluctuates around $42,000 (over €38,000).

The BTP-Bund spread Still less than 145 points.

L ‘euro exceeded $1.1.

Securities from the banking sector remain the champions.

UniCredit Records a jump of 11.5% to 10,056 euros. Institute introduced a Update on the institute’s exhibition in Russia. Inference to an extreme scenario, i.e. if the total maximum exposure cannot be recovered and canceled, according to UniCredit, the impact on the organization’s CET1 ratio at the end of 2021 (15.03%, which discounts dividends due in 2021 for 1.2 billion euros) would be around 200 basis point. As a result, the bank’s management decided to confirm the 2021 dividend of €1.2 billion, while maintaining the CET1 ratio above 13% even in the worst-case scenario.

Excellent performance also for Paper Bank And the Intesa San Paulo who earn 8.6% and 8.52%, respectively.

Sales of stocks in the oil sectorAfter the price of crude oil in New York (the contract expires in April 2022) fell below $118 a barrel.

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where are you It records a decrease of 2.15% to 13,376 euros.

Also in red Saipem (-3.64%) H Tenaris (-4.23%).

Telecom Italia TIM Still in the spotlight. Records the address of the phone group a 6.28% advance to 0.2655 euros. Moody’s doubled the long-term debt rating of the phone group by one level, moving it from “Ba2” to Ba3, after disclosing financial results for the year 2021, which showed a sharp decline in total operating margin. organic. The odds of Telecom Italia TIM rating for the next few quarters remain negative.

In FTSEMib there were also increases in ST (+8.92%) H Stilants (+ 10%).

In MidCap, a brilliant seat for Salvatore Ferragamo (+ 10.8% to 16,925 euros), After disclosing the financial results for the 2021 fiscal year which closed with revenues of €1.14 billion, an increase of 29.5% and a positive bottom line. Moreover, Salvatore Ferragamo’s senior management stated that from perspective, the resilience of the pandemic in some regions and the conflict in Ukraine and its geopolitical implications define a very complex and unpredictable scenario. Consequently, management does not consider it appropriate to make forecasts about the development of the current year.