December 7, 2022

Hardwood Paroxysm

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Italian Stock Exchange, commenting on today’s session (October 31, 2022)

A positive day for UniCredit, while Monte dei Paschi di Siena lost more than one percentage point. Plus sign for Telecom Italia TIM, Saipem and Campari

The main indices of the Italian Stock Exchange and the main European financial markets started the week Partial differences. “Technically speaking, the STOXX-50 is still trading above its immediate support at 3,600 points, inside a rising wedge, highlighting the fact that the uptrend is now facing an important turning point,” noted Pierre Ferret, technical analyst at ActivTrades.

The FTSEMib It rose 0.55% to 22,652 points after it fluctuated between the lowest level at 22.459 points and the highest level at 22.725 points. The FTSE Italia all participated He made 0.5% progress. opposite direction to FTSE Italia medium hat (+0.08%) for The star of FTSE Italia (-0.25%). In the October 31, 2022 session, the turnover fell to 1.78 billion euros, compared to 1.95 billion on Friday.

It’s 17.30 Bitcoin It was less than 20,500 dollars (just over 20,500 euros).

The BTP-Bund spread It crossed 215 points, and the 10-year BTP yield was 4.3%.

L ‘euro It dropped below $0.99.

Some ideas between Banking Services.

positive close of UniCredit (+2.37% to 12.548 euros). The institute, led by Andrea Ursel, has announced the effects of the changes made by the European Central Bank on the terms and conditions of targeted long-term refinancing operations, which generally negatively affect lenders with TLTRO loans. In detail, the interest margin estimate for 2022, excluding Russia, has been updated to more than 9.7 billion euros, including a positive full-year TLTRO contribution of about 0.4 billion euros. The Institute does not anticipate any benefit from TLTRO for results beginning in 2023.

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The Monte dei Paschi di Siena End the session in negative territory (-1.06% to 1.9098 euros)On the day the €2.5 billion capital increase was completed.

focus on Telecom Italia TIM. A . phone company stock record 0.81% advance to 0.1981 euros. The company announced that it has signed an agreement to extend the effectiveness of the Memorandum of Understanding signed with CDP Equity, Macquarie, KKR and Open Fiber until November 30, 2022. However, the exclusive commitments expire as of October 31.

Saipem He finished the session on a positive note. Engineering company address rose 1.57% At a price of 0.984 euros. The company announced that it has completed the sale of all onshore drilling activities to KCAD, which includes the Middle East, Africa and the Americas, for a cash consideration of $550 million, plus a 10% stake in KCAD.

Campari It made a 2% increase to €9,094. The company announced that it has entered into an agreement to acquire an initial 70% stake in Wilderness Trail Distiller. The consideration is $420 million for the initial 70% share capital. The organization’s corresponding 100% equity is $600 million, with no cash or financial debt, roughly 16 times the EBITDA forecast for 2022.