Borsa Italiana, the commentary on today’s session (10 August 2022)

Securities from the banking sector in the spotlight: fractional progress for IntesaSanpaolo and UniCredit. Better performance for BPER Banca

bag-positive_1The major indices of the Italian Stock Exchange and the main European financial markets record fractional progress, pending US inflation data. “We expect that the markets remain uncertain and we see the ongoing rally as a good opportunity to rotate exposures to the quality range of each asset class, “said Paul O’Connor, Janus Henderson’s Head of Multi-Asset.

At 11.25 the FTSEMib it was up by 0.32% to 22,561 points, after having fluctuated between a minimum of 22,354 points and a maximum of 22,591 points. At the same time the FTSE Italia All Share earned 0.31%. Opposite trend for the FTSE Italia Mid Cap (+ 0.22%) and the FTSE Italia Star (-0.23%).

The bitcoin fluctuates around 23,000 dollars (about 22,500 euros).

The BTP-Bund spread it remains just above 210 points.

Theuro it reported over $ 1.02.

Securities from the banking sector are in the spotlight.

Fractional progress for Intesa Sanpaolo (+ 0.34% to 1.8222 euros) and for UniCredit (+ 0.47% to € 9.837). The Moody’s agency confirmed the long-term rating on the two institutions, but revised the outlook, taking it from “stable” to “negative”, following the similar decision regarding the outlook, the rating on Italy’s sovereign debt released by Moody’s on August 5, 2022.

Better performance for BPER Bank (+ 2.09% to € 1.657), after the rally recorded in previous sessions. The price of the bank’s stock went from 1,433 euros at the close of 4 August 2022 (before the publication of the half-yearly results), to 1,623 euros on 9 August.

Minimum discount for Atlantia (-0.09% to € 22.73). As reported by Il Sole24Ore, the start of the takeover bid launched by Edizione and Blackstone on the infrastructure holding could be postponed by a month. Compared to the timing originally planned, ie between the end of August and the beginning of September, the offer could start between the end of September and the beginning of October.


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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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