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Banking Sector Stocks in Focus: Waiting for FED’s Monetary Policy Decisions, Positive Start for Stellantis

Waiting for the FED’s decisions on monetary policy. The spotlight is always on the banking sector stocks. Positive start for Stellantis

Starting the day with minimal variations for the major Italian Stock Exchange indices and for the main European financial markets, awaiting the FED’s decisions on monetary policy.

At 09.10 am FTSEMib was up 0.15% at 28,801 points, while the FTSE Italia All Share it earned 0.16%. Better performance for the FTSE Italia Mid Cap (+0.37%) and for the FTSE Italia Star (+0,77%).

I main US stock indexes they ended the session in negative territory. The Dow Jones closed down 0.31% to 34,518 points, while the S&P500 lost 0.22% to 4,444 points. A minus also for the Nasdaq (-0.23% to 13,678 points).

The Tokyo stock exchange closed the session lower. The Nikkei index lost 0.66% to 33,024 points, after fluctuating between a minimum of 32,989 points and a maximum of 33,267 points.

Il bitcoin it dropped to 27,000 dollars (just over 25,000 euros).

Lo spread Btp-Bund it narrowed to 175 points, with the yield on the 10-year BTP fluctuating around 4.5%.

L’euro remains below $1.07.

The spotlight is always on the banking sector stocksafter the increases achieved in the previous session.

UniCredit recorded a fractional decline of 0.27% to 21.995 euros. The institute led by Andrea Orcel has announced its intention to launch a tranche of the 2023 share buyback program for a maximum of 2.5 billion euros.

Focus on oil sector stocksafter the price of crude oil in New York (contract expiring in October 2023) slipped to $90 a barrel.

ENI started the day with a drop of 0.38% to 15.242 euros.

Positive start for Stellar (+0,91% a 18,216 euro). The ACEA (the European association that brings together car manufacturers) has announced that in the month of August 2023, 787,626 cars were registered in the European Union, an increase of 21% compared to the 650,806 in the same period of 2022. Also increasing Stellantis sales in August 2023: last month the automotive group recorded an increase in registrations of 6.4% with 131,532 cars sold.

Among the smaller capitalized companies GEquity he can’t make a price after the leap achieved in the previous session.

2023-09-20 07:15:00
#FTSEMib #minimum #rise #start

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