Positive day for all European stock exchanges, after yesterday’s general fear of the risks of a generalized contagion in Europe from the collapse of Silicon Valley Bank in the USA. The lists run together with Wall Street, in the wake of investors’ bets. According to the latter, the case of the failure of the Silicon Valley Bank can be managed without the crisis spreading to the entire banking sector.
Data on American inflation, still alive and kicking in February, pushes the market to assume an upcoming 25 basis point hike by the Fed, while for the ECB the choice is between the expected 50 basis point increase or a minor touch-up of 25 basis points.
At the TTF in Amsterdam the price of gas fell sharply, at 44 euros per megawatt hour. The price of oil also fell, with Brent and Wti falling by about 1%. In Milan, the Ftse Mib rebounds: it marks a gain of 2.36% and closes at 26,800.98. The spread between BTPs and German Bunds is down, hovering around 178 basis points. On the other hand, the yield on the ten-year bond rose, around 4.3%. Bankers are doing well on the main list of Piazza Affari, with a clear recovery. Intesa Sanpaolo gains 3.35%, Unicredit 4.20%, Mediobanca 2.52%, Banco Bpm 1.87% and Bper 1.64%.
Interpump (+4.35%), Moncler (+3.95%), A2a (+3.59%), Amplifon (+3.27%), Stm (+3.35%), Iveco (+ 3.57%) and Generali (+3.62%). The Lion of Trieste has announced last year’s financial results. The data show a marked improvement in operating income and gross premiums, which exceeded analyst forecasts. At the bottom, however, only Diasorin (-0.28%). (in collaboration with Money.it)