Telecom Italia TIM remains in positive territory. Banking stocks remain in the spotlight. Enel leads the decline in utilities
The major Italian Stock Exchange indices and the main European financial markets recorded decreases in the order of one percentage point. Pierre Veyret – technical analyst at ActivTrades – warned that bizarre central bank narratives and geopolitical uncertainties kept market sentiment under pressure. “The sell-off continues across a broad range of assets, including bonds and stocks, as investors have moved to reduce their exposure to rising uncertainty and less predictability in markets,” the bank noted. analyst.
At 2.35 pm FTSEMib it lost 1.18% to 29,980 points, after having fluctuated between a minimum of 29,941 points and a maximum of 30,174 points. At the same time the FTSE Italia All Share it was down 1.17%. Minus sign also for the FTSE Italia Mid Cap (-1.1%) and for the FTSE Italia Star (-1,02%).
Il bitcoin remains above 42,500 dollars (over 39,000 euros).
Lo spread Btp-Bund oscillates around 160 points, with the yield of the ten-year BTP which returned to 3.9%.
L’euro consolidates above $1.085.
Telecom Italia TIM recorded an increase of 0.6% to 0.2851 euros. As part of the activities aimed at closing the sale of NetCo and following the signing of the transaction agreement with Optics BidCo (a company controlled by KKR), the telephone company announced that it had received consent to the execution of the operation to the purposes of the “Golden Power” legislation.
The titles of banking sector remain in the spotlight.
UniCredit unchanged at 25.805 euros. The institute led by Andrea Orcel has announced that it has placed a one billion euro senior non-preferred bond with a 7-year maturity and the possibility of early repayment (call) after 6 years, aimed at institutional investors. The offering attracted orders worth 2.5 billion euros. The annual coupon was set at 4.3%, with an issue/re-offer price of 99.751%.
Positive performance for Monte dei Paschi di Siena (+0.51%) and for the BancoBPM (+1,2%).
Negative trend, however, for utilities.
The decline of stands out Enel (-2,07% a 6,61 euro). The electricity giant announced that Enel Finance International has placed a 1.75 billion euro sustainability-linked bond in two tranches aimed at institutional investors; the security has an average duration of approximately 8 years and an average coupon of 3.66%.
Antares Vision still among the protagonists, after the heavy decline suffered in the previous session. The title loses 2.7% a 1,368 euro.
2024-01-17 13:36:00
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