Italian Stock Exchange, suspension from the session of December 5, 2023

Italian Stock Exchange, suspension from the session of December 5, 2023

Declines prevail in banking sector stocks. Oil companies have no direction. Pirelli’s performance stands out. Bitcoin has almost reached $42,500

The main indices of the Italian Stock Exchange and the main European financial markets are recorded Partial progress.

4.45 pm Ftsimib It gained 0.37% to 30,026 points, after oscillating between the minimum of 29,889 points and the maximum of 30,045 points. The main Italian stock market index is back above the 30,000-point threshold (albeit temporarily) for the first time since June 2008. At the same time FTSE Italy All Shares rose 0.38%. Plus sign also for FTSE Italy Mid Cap Index (+0.45%) and FTSE Italy Star Index (+0.18%).

the Bitcoin It approached $42,500 (more than €39,000).

the Btp-bond spread It remains below 175 points, with the yield on the 10-year BTP bond falling to 4%.

to’euro It dropped to $1.80.

Declines prevail in banking sector stocks.

In the spotlight bancopbm (-0.67%) e BBR Bank (-0.9%).

Oil sector stocks are directionlessThis is after the price of crude oil in New York (the contract ends in January 2024) returned to $74 per barrel.

Where are you? It recovered 0.45% to 15,028 euros.

Plus sign also for Saipem (+1.32%). But in the negative zone Tenaris (-0.97%).

Pirelli performance stands out in FTSEMib (+4.15% to €4.721). UBS analysts raised their price target for the tire company from €5 to €5.7; Experts have also improved their judgment and now recommend buying stocks.

Conversely, the NEXI index recorded a decline of 1.21% to 7.32 euros. Morgan Stanley analysts reduced the company’s target price from 10 euros to 7.75 euros; Experts confirmed the “equal weight” (neutral) rating.

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To the highlighted STAR part Onyoro (+9.37% to €9.865). The company announced the closing of its entire equity acquisition of Covercare. The price, which follows the determination of the interim net financial position, is equal to EUR 72.5 million, of which EUR 12.5 million is in cash, which will be subject to adjustment.

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