Banking stocks sound positive after First Republic Bank bailout. STM and Campari also did very well. Oil sales
The major indices of Borsa Italiana and the main European financial centres experience fractional changes halfway through the session.
At 13.00 the FTSEMib it was up 0.33% to 27,166 points, after fluctuating between a low of 27,060 points and a high of 27,343 points. At the same time the FTSE Italia All Share earned 0.31%. Plus sign for the FTSE Italia Mid Cap (+0.18%) and for the FTSE Italia Star (+0,31%).
Il bitcoin consolidates at 28,000 dollars (over 25,500 euros).
Lo spread Btp-Bund it remains below 190 points, with the yield on the 10-year BTP confirmed to be below 4.25%.
L’euro it fluctuates around $1.095.
Positive tone for banking sector stocksafter the rescue of First Republic Bank: the assets of the US bank were taken over by Jp Morgan Chase.
BPER Bank recovers 1.93% to 2.594 euros.
Very good too UniCredit (+2,37% a 18,366 euro).
Better performance for STM (+3,26% a 39,81 euro)in line with the positive trend of the semiconductor sector.
Also up sharply Campari (+2,48% a 11,97 euro). The company released i financial data for the first quarter 2023, closed the period with strong improvement in revenues and profitability. Management confirmed the forecast of stable Adjusted EBIT margin as a percentage of organic net sales in 2023 on a year-over-year basis.
Sales on oil sector stocksafter the price of crude oil in New York (contract expiring in June 2023) fell to $75 a barrel.
ENI recorded a decrease of 0.93%.
Technoprobe up sharply (+1.86% to 6.57 euros)on the day the title passed to Euronext Milan.
2023-05-02 11:04:00
#FTSEMib #positive #midsession
