Home » Business » Italian Stock Market and Banking Stocks Experience Negative Trend: Focus on Managed Savings Companies and Wall Street Closure

Italian Stock Market and Banking Stocks Experience Negative Trend: Focus on Managed Savings Companies and Wall Street Closure

Generally negative trend for banking stocks. doValue in sharp decline. Focus on companies active in managed savings. Wall Street will remain closed today

The major Italian Stock Exchange indices and the main European financial markets recorded fractional declines in the first session of the week. Wall Street will be closed today for Martin Luther King Jr. Day. Pierre Veyret – technical analyst at ActivTrades – signaled that all eyes will be on the World Economic Forum in Davos this week, as well as another major macro data release, as traders try to assess the monetary situation with all the macro clues they can get.

At 1.10 pm FTSEMib it was down 0.12% to 30,434 points, after having fluctuated between a minimum of 30,270 points and a maximum of 30,533 points. At the same time the FTSE Italia All Share lost 0.11%. Below parity also the FTSE Italia Mid Cap (-0.05%) and the FTSE Italia Star (-0,27%).

Il bitcoin it stands at over 42,500 dollars (around 39,000 euros).

Lo spread Btp-Bund remains under 160 points, with the yield of the ten-year BTP which reached 3.8%.

L’euro it returned to $1.095.

Generally negative trend for stocks banking sector.

The declines stand out Banca MPS (-0.98% to 3.134 euros) and of BancoBPM (-1% a 4,749 euro).

Focus on companies active in managed savings. Azimut Holding e Bank of Milan they earn 1.3% and 2.11% respectively.

Unieuro recorded an increase of 1.98% to 10.29 euros. The company communicated the financial results for the first nine months of 2023/2024 and provided guidance for the entire financial year. Unieuro management estimates revenues of between 2.65 and 2.7 billion euros, reporting that the persistence of a difficult macroeconomic scenario and its effects on the purchasing power of families have influenced the Black Friday promotional campaign and the season Christmas. Adjusted EBIT is estimated in the order of 35 million euros, while cash flow is confirmed between 20 and 40 million euros.

On the contrary, the decline of doValue (-15,5% a 2,635 euro). The MidCap-listed company has updated its financial results for the first nine months of 2023, to bring them into compliance with the international accounting standards applicable to interim financial reporting.

2024-01-15 12:13:00
#Piazza #Affari #negative #indices #halfway #point

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