Banking sector stocks remain in the spotlight, after the sharp declines recorded in the previous two sessions. Focus on STM and Tenaris
The major indices of Borsa Italiana and the main European financial centres should start the day with fractional markdownsconsolidating the trend that has been underway for a few sessions.
I major US stock indexes recorded fractional variations. The Dow Jones fell 0.68% to 33,302 points, while the S&P500 dropped 0.38% to 4,056 points. Positive performance, however, for the Nasdaq (+0.47% to 11,854 points).
Day with few ideas for the Tokyo Stock Exchange.
Il bitcoin it dropped to $29,000 (just under €26,500).
L’euro it remains above $1.105.
Banking stocks remain in the spotlightafter the sharp declines recorded in the previous two sessions.
STM could record important performances at the start of the session. The company has communicated the financial results for the 1st quarter of 2023, a period closed with an increase in revenues and margins, better results than management’s estimates. The top management of the Italian-French group have also provided some financial estimates for the current quarter and for the whole of 2023.
There could also be one of the protagonists of the day Tenaris. The company has released its financial results for the 1st quarter of 2023. The numbers for the first three months of the year showed a strong improvement in turnover and profitability. Tenaris management estimates that sales and margins will remain at good levels although they may show a gradual decline on a sequential basis during 2023, while cash generation will continue to grow during 2023.
2023-04-27 05:58:00
#Bags #negative #trend #continue
