Stellantis continues to rise after the release of the 2022 financial results. Bad day for bankers. Enel leads the decline in utilities
The main indices of Borsa Italiana and the main European financial centers are confirmed in negative territory. According to Pierre Veyret – technical analyst of ActivTrades – investors fear a worsening of monetary policy conditions, with macro conditions forcing central banks to adjust through further rate hikes. The expert signaled that the STOXX50 remains just above the lower limit of the uptrend channel at 4,215 points. “A breakout of this level would invalidate the uptrend in the short term, while any hold would lead to market consolidation,” Pierre Veyret pointed out.
At 13.05 the FTSEMib it lost 1.5% to 26,998 points, after fluctuating between a low of 26,868 points and a high of 27,389 points. At the same time the FTSE Italia All Share it was down 1.49%. Also in red FTSE Italia Mid Cap (-1.41%) and the FTSE Italia Star (-1,18%).
Il bitcoin it stands at just over 24,000 dollars (over 22,500 euros).
Lo spread Btp-Bund it fluctuates between 190 and 195 points, with the yield on the ten-year BTP exceeding 4.45%.
L’euro it dropped below $1.065.
Bad day for bankers. The decline of BPER Bank (-4,17%).
Bad too Intesa Sanpaolo (-2,72%) e UniCredit (-2,2%).
Stellar recorded an increase of 0.95% to 16.018 euros. The automotive giant has released the financial data for 2022, year closed with an increase in revenues and profitability. Furthermore, Stellantis also provided some financial indications for the current year and defined the amount of the 2023 dividend (relating to the 2022 financial year).
In the spotlight Telecom Italia TIM after the decline suffered in the previous session. The title of the telephone company earn 0.5% at 0.3029 euros. The telephone company announced that it had received from KKR the request for the extension to March 24, 2023 of the deadline for the indicative and non-binding offer on the group’s fixed infrastructure. Telecom Italia TIM has confirmed that the board of directors to discuss KKR’s non-binding offer and take the relevant decisions will be held on February 24, 2023.
Enel (-1.9%) drives the decline in utilities. Worst performance for Snam (-2,94%) e Terna (-2,66%).
All’Euronext Growth Milan SolidWorld Group on a roller coaster (-5.29% to 3.2 euros, after an intraday high of 3.7 euros), after the strong rise achieved in the previous four sessions. The price of the share went from 2.02 euros at the close of 15 February 2023 to 3.4 euros on 21 February.
