Negative trend for bank stocks. At the FTSEMib the slip of STM stands out, while at the MidCap we note the excellent performance of Danieli
The major indices of the Italian Stock Exchange and the main European financial markets record are confirmed in negative territoryin a session still characterized by strong volatility.
At 2.00 pm the FTSEMib it was down by 1.76% to 20,592 points, after having fluctuated between a low of 20,482 points and a high of 20,882 points. At the same time the FTSE Italia All Share it lost 1.74%. Minus sign also for the FTSE Italia Mid Cap (-1.53%) and for FTSE Italia Star (-1.63%).
The bitcoin it rose to $ 19,000 (just under € 20,000).
The BTP-Bund spread it rose to 255 points, with the ten-year BTP yield returning to 4.8%.
L’EUR it is back above $ 0.955.
Negative performance for securities in the banking sector.
Bad UniCredit (-2.84% to € 10.346).
Stay in the spotlight on Monte dei Paschi di Siena, after the strong volatility recorded in the previous session. The stock of the Sienese institute recorded a drop of 6.76% to 27.945 euros.
At the FTSEMib the slide of STM stands out (-5.13% to 32.745 euros). Some operators report that demand for iPhones would be lower than expected, a scenario that would not lead to a demand from Apple for an increased supply of chips.
In trouble too Leonardo (-5.94%).
The excellent performance of Danieli (+ 7.4% to € 17.12)after the diffusion of balance sheet data for the year 2021/2022, closed with strong improvement in revenues and profitability. The company’s top management have communicated the financial estimates for 2022/2023. The company aims to close the year with revenues between 3.5 billion and 3.7 billion euros, while the gross operating margin should be between 320 and 340 million euros. At the end of the year, the order backlog is estimated at between 5.4 billion and 5.7 billion euros.