Borsa Italiana, the commentary on today’s session (26 October 2022)

UniCredit accelerates upwards after the release of financial results for the third quarter of 2022. Tod’s slips to the fore at MidCap

business-square-redThe major indices of the Italian Stock Exchange and the main European financial markets record fractional variationsafter the excellent performances achieved in the previous two sessions.

At 12.45 on FTSEMib it lost 0.17% to 22,253 points, after having fluctuated between a low of 22,130 points and a high of 22,322 points. At the same time the FTSE Italia All Share it was down by 0.16%. Minus sign also for the FTSE Italia Mid Cap (-0.24%) and for FTSE Italia Star (-0.13%).

The bitcoin remains over $ 20,500.

The BTP-Bund spread it expanded beyond 220 points, with the ten-year BTP yield exceeding 4.4%.

L’EUR remains above par against the dollar.

UniCredit accelerates upwards (+ 4.03% to 11.984 euros) after the diffusion of financial results for the third quarter of 2022. The institute led by Andrea Orcel recorded better revenues and net profit than the consensus of the analysts. As a result, UniCredit management has improved financial estimates for the whole of 2022.

Positive performance for Telecom Italia TIM. The stock of the telephone company recorded an increase of 1.63% to 0.2001 euros.

In sharp decline STM (-3.05% to 34.125 euros)which aligns with the negative trend of companies active in the semiconductor sector, after the indications provided by Texas Instruments for the fourth quarter of 2022, judged by analysts to be lower than expected.

At MidCap the slip of Tod’s (-17.4% to 32.7 euros). The company announced that at the end of theTakeover bid launched by DeVa Finance, the bidder came to hold a total of 28,774,170 shares, representing 86.95% of the relative capital. DeVa Finance specified that the condition on the threshold of 90% of the capital has not occurred; as a result, the transaction will not be completed.

Juventus FC goes positive (+ 1.03% to 0.294 euros). The Juventus team was defeated 4 to 3 by Benfica and was eliminated from the Champions League.


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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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