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Market Update: Stellantis Falls, Telecom Italia TIM in Focus, Saipem Rises after Quarterly Report

Heavy reduction for Stellantis. Telecom Italia TIM in the spotlight, after the correction suffered in the previous session. Saipem up after the quarterly

The major indices of Borsa Italiana and the main European financial markets are on their way to close the day in negative territory.

At 16.45 the FTSEMib it lost 0.98% to 27,660 points, after fluctuating between a low of 27,557 points and a high of 27,937 points. At the same time the FTSE Italia All Share recorded a drop of 0.95%. Minus sign also for the FTSE Italia Mid Cap (-0.53%) and for the FTSE Italia Star (-0,67%).

Il bitcoin it stands at under 29,000 dollars (less than 26,500 euros).

Lo spread Btp-Bund he moved back to 185 points, with the yield of the ten-year BTP which fell to 4.3%.

L’euro it is back above $1.095.

Heavy discount for Stellar (-5,03% a 16,114 euro). The auto giant has announced that Natalie Knight will replace Richard Palmer as Chief Financial Officer no later than July 10, 2023.

Telecom Italia TIM stay in the spotlight, after the strong correction suffered in the previous session. The title of the telephone company records a decrease of 1.43% a 0,2819 euro.

Definitely negative performance for Pirelli (-2,97%) e STM (-3,74%).

Saipem it is confirmed on the rise and gains 1.09% to 1.389 euros. The company released i financial results for the first quarter of 2023period closed with an improvement in turnover and profitability.


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