Borsa Italiana, the commentary on today’s session (27 October 2022)

The central bank is expected to raise interest rates by 75 basis points. Important changes for Saipem and STM after the disclosure of the quarterly results

business-square-redThe major indices of the Italian Stock Exchange and the main European financial markets record fractional declines. Spotlight on ECB monetary policy decisions: the central bank is expected to raise interest rates by 75 basis points; the reference rate should rise to 2%, while the deposit rate should be raised to 1.5%.

At 11.35 on FTSEMib it lost 0.66% to 22,243 points, after having fluctuated between a minimum of 22,226 points and a maximum of 22,363 points. At the same time the FTSE Italia All Share it was down by 0.67%. Minus sign also for the FTSE Italia Mid Cap (-0.81%) and for FTSE Italia Star (-0.93%).

The bitcoin it remains just under $ 21,000 (over € 20,500).

The BTP-Bund spread it is confirmed at 220 points, with the yield of the ten-year BTP returning to 4.4%.

L’EUR fluctuates around $ 1.005.

Saipem records an increase of 7.39% to € 0.8898after the diffusion of quarterly results. The engineering firm closed the first nine months of 2022 with an improvement in turnover and profitability. Management has provided new guidance for the current year which does not include Onshore Drilling.

Also good Campari (+ 2.24% to € 9.208). The company released i financial data for the first nine months of 2022, a period that closed with a sharp improvement in revenues and profitability. Management confirmed the stable adjusted EBIT margin guidance on net sales in 2022 at the organic level.

Also STM (-7.57% to 32.285 euros) communicated i financial results for the 3rd quarter of 2022. The Italian-French group closed with a strong increase in revenues and margins, better results than management estimates. The top management of the Italian-French group also provided some financial estimates for the current quarter and for the whole of 2022.

Moncler loses 5.14% to 45.91 eurosafter the spread of some financial indications relating to the first ninth months of 2022. The down jacket group ended the period under review with revenues of € 1.56 billion, up 32% compared to € 1.18 billion in the first three quarters of last year.

In bank swings.

He took advantage of UniCredit (-0.58%)after the sharp rise in the previous session.


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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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