Banking sector stocks are directionless, after the new quarterly reports of the sector from Wall Street. Good Generali. The decline in Antares Vision stands out
The major Italian Stock Exchange indices and the main European financial markets they finished the day with fractional variations. Pierre Veyret – technical analyst at ActivTrades – reported that the STOXX50 trades around its first resistance above 4,420 points, where a crucial break could open the door to a deeper correction.
Il FTSEMib it closed with an increase of 0.03% at 30,338 points, after having fluctuated between a minimum of 29,996 points and a maximum of 30,347 points. Also the FTSE Italia All Share it gained 0.03%. Without direction the FTSE Italia Mid Cap (+0.08%) and the FTSE Italia Star (-0.75%). In the session of 16 January 2024, the value of trade rose to 2.11 billion euros, compared to 1.7 billion on Monday.
At 5.30pm bitcoin it stood at over 43,000 dollars (around 39,500 euros).
Lo spread Btp-Bund remained just under 160 points, with the yield of the ten-year BTP which exceeded 3.8%.
L’euro it consolidated below $1.09.
Banking sector stocks are directionlessafter the new quarterly reports of the sector from Wall Street.
Negative closing for BancoBPM (-0.29% to 4.732 euros). JP Morgan analysts have cut the target price on the institution from 5.7 euros to 4.5 euros; the experts also worsened the rating, bringing it to “Underweight”.
BPER Bank it fell by 0.47% to 3.16 euros. The institute announced that it has completed an operation with Gradant aimed at establishing a strategic partnership for the management of impaired loans owned by the institute listed on the FTSEMib and by Banco di Sardegna. The valuation of the transaction will generate an overall capital gain of approximately 150 million euros before taxes and will be accounted for in the 1st quarter of 2024.
Mediobanca it gained 2.4% to 11.54 euros. The Piazzetta Cuccia institute has announced that it has placed a new Tier 2 subordinated bond with a duration of 10.25 years, expiring in April 2034, and a call option in April 2029, for a total amount of 300 million euros. The yield is equal to the reference mid swap rate, increased by 275 basis points.
Positive performance also for the Monte dei Paschi di Siena (+0,87% a 3,118 euro).
General it closed with an increase of 1.31% at 20.06 euros. Citigroup analysts have increased the target price on the insurance company to 21.97 euros; the experts have also improved their judgment and now recommend buying the shares.
doValue still among the protagonists, after the heavy decline suffered in the previous session. The title gained 0.81% at 2.48 euros, after having fluctuated between a minimum of 2.12 euros and a maximum of 2.525 euros.
Antares Vision it left 10.8% on the ground at 1.406 euros. The company communicated that the preliminary net financial position as of 31 December 2023 was equal to 101 million euros, higher than expected (90-95 million euros).
2024-01-16 16:41:00
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