December 8, 2022

Hardwood Paroxysm

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Italiana Stock Exchange, commenting on today’s session (June 14, 2022)

A tense session for the securities of the banking sector, after the sharp correction witnessed in the past sessions. Saipem recovery. NEXI is among the worst in FTSEMib

The main indices of the Italian Stock Exchange and the main European financial markets Stay in the negative area, after an (unrealistic) bounce attempt at the start of the session. Thus, the stock markets of the old continent, Confirms the continuation of the downward trend for three sessions. According to Pierre Ferret – technical analyst at ActivTrades – investors fear that monetary policies of central banks could jeopardize global economic growth (already under pressure from geopolitical issues), while recession looms in many countries in the medium and long term. “With no signs of slowing down in negative market factors (war, rising inflation, viruses) The current stock downtrend is likely to continue in JuneThe expert speculated.

It’s 13.00 FTSEMib It fell by 0.84% ​​to 21.34 points, after swinging between a low of 21,616 points and a high of 22,166 points. At the same time FTSE Italia all participated It decreased by 0.89%. negative trend also FTSE Italia medium hat (-1.3%) for The star of FTSE Italia (-1.69%).

The BTP-Bund spread It expanded to 250 points after the Italian 10-year bond yield hit 4.15%.

The Bitcoin It fell to less than $22,500 (less than €21,500).

L ‘euro It’s back under $1,045.

Nervous sitting on banking sector stocksAfter a sharp correction in the past few sessions.

Paper Bank It records a decrease of 2.65% to 1.6 euros.

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Very bad BancoBPM (-1.5%).

. positive performance UniCredit (+ 1% to 9,581 euros).

Oil sector stocks fluctuateAfter the price of crude oil in New York (the contract expires in July 2022) reached 122 dollars per barrel.

recovery from Saipem (+4.43% up to €40.06)After leaving 14.8% on the ground on the day of the stock reversal. The engineering company announced that it has signed a Memorandum of Understanding with Trevi Group to collaborate in the joint development of two large diameter foundation borehole drilling projects for wind farms.

Nixi Records a decline of 3.03% to 7,288 euros, after a pause due to the downside surplus. The company announced that it has signed a sale agreement to Euronext Group for the technology component that currently operates the operations of MTS (Euronext’s main fixed income trading platform) and Euronext Securities in Milan. The price will be paid in cash and amount to approximately 57 million euros, subject to the usual corrections at closing.