Negative pitch for bank stocks. Utilities in red: Enel and Hera’s declines stand out. Positive performance, however, for Saipem
The major indices of the Italian Stock Exchange and the main European financial markets are confirmed in negative territory. According to Pierre Veyret – ActivTrades technical analyst – the situation is not yet really threatening from a technical point of view as equity indices so far remain above key support levels, in a kind of wait and see, typical of these circumstances.
At 2.15 pm the FTSEMib it was down by 1.72% to 21,318 points, after having fluctuated between a minimum of 21,243 points and a maximum of 21,620 points. At the same time the FTSE Italia All Share it lost 1.64%. Minus sign also for the FTSE Italia Mid Cap (-1.03%) and for FTSE Italia Star (-0.79%).
The bitcoin fluctuates around $ 20,000.
The BTP-Bund spread it expanded beyond 235 points, with the ten-year BTP yield returning to 4.3%.
L’EUR it’s back to $ 0.99.
Negative intonation for the titles of the banking sector.
Nervous sitting for the Monte dei Paschi di Siena, after the sharp decline recorded last session. The title of the Sienese institute loses 2.38% at € 23.41.
Minus sign for UniCredit (-2.01% to € 10.842). Speaking at the Made in Italy Summit of the Sole 24 Ore and Financial Times, the institute’s number one, Andrea Orcel, reiterated that the strategy is to strengthen the group as the only large bank that works on a pan-European level, reaching customers and communities throughout the continent.
Intesa Sanpaolo records a decrease of 2.37% to 1.7456 euros.
Bucking Banca Generaliwhich earns 2.64%.
Positive performance also for Saipemwhich rises by 5.69%.
Utilities in red. The push-ups of Is in the (-2.63%) ed Hera (-3.23%).
STM back above parity (+ 0.12% to 34.51 euros). The Italian-French group has announced that it will build an integrated plant for the production of silicon carbide (SiC) substrates in Italy to support the growing demand for SiC devices for automotive and industrial applications. The project will involve an investment of 730 million euros over a five-year period and will have the financial support of the Italian State as part of the National Recovery and Resilience Plan for an amount of 292.5 million euros.