In Milan, the Ftse Mib rises by 1.20% and closes at 24,056.55
Positive day for Piazza Affari and the other European Stock Exchanges. The good result comes after the rise, in line with forecasts, of weekly requests for benefits in the United States, which reached 225,000 units.
The dollar continues to be weak against the euro, while the price of natural gas rebounds at the TTF in Amsterdam. As regards oil, on the other hand, the value continues to fall, pending US weekly inventories according to the Energy Information Administration (EIA) and given the drop of 1.3 billion barrels indicated by the API. In Milan, the Ftse Mib rose by 1.20% and closed at 24,056.55. The spread between German BTPs and Bunds drops sharply, to around 207 basis points. The yield on the 10-year bond also fell, which was around 4.57%.
Saipem (+4.65%) positive on the main stock exchange in Piazza Affari, suspended due to excessive increases. Tim also did well (+2.88%), after Prime Minister Giorgia Meloni explained that the government wants to take control of the network, defined as strategic, but also “maintain employment levels as much as possible”, while “the rest we leave it to the market dynamics”. Diasorin (+4.06%) and Banco Bpm (+0.48%) also rose. In an interview, the Bank’s number one, Giuseppe Castagna, confirmed the financial targets for the two-year period 2022/2023, indicating earnings per share of €0.45 and €0.6. In the queue, however, Unicredit (-0.06%). (in collaboration with Money.it)