Another rally in Piazza Affari: FTSEMib + 2.3%

Excellent performance for the securities of the banking sector: the leap of Monte dei Paschi di Siena stands out. Assets under management are also very good. In sharp decline, however, AVIO

bag-positive_2The major indices of the Italian Stock Exchange and the main European financial markets they started the week with progress in the order of 2%, replicating the strong rises made in the last session of the last octave. According to Pierre Veyret – technical analyst at ActivTrades – the European indices would be pushed higher by an improving global sentiment, while traders would also have taken the opportunity to buy a potential drop against the euro after the start of the ECB’s interest rate hike last week. “However, with that said, traders are also bracing for macro policy-sensitive data such as the US consumer price index tomorrow, the UK consumer price index on Wednesday and the EU consumer price index on Friday, which they will likely bring further volatility to the markets, “the analyst warned.

The FTSEMib it made progress of 2.33% to 22,610 points, after having fluctuated between a minimum of 22,218 points and a maximum of 22,668 points. The FTSE Italia All Share gained 2.24%. Plus sign for the FTSE Italia Mid Cap (+ 1.67%) and for the FTSE Italia Star (+ 1.27%). In the session of 12 September 2022, the turnover fell to 1.77 billion euros, compared to 1.79 billion on Friday.

At 17.30 the bitcoin it had touched $ 22,500 (just under € 22,000).

The BTP-Bund spread it remained below 230 points, with the ten-year BTP yield confirmed below 4%.

L’EUR it is back below $ 1,015.

Strong performance for banking sector stocks.

In the spotlight the Monte dei Paschi di Siena; the stock of the Sienese institute recorded a jump of 19% to 0.3638 euros, after some suspensions due to an excess of rise. According to some press rumors Anima Holding (+ 3.76%) could participate in the capital increase of the Sienese institute putting on the plate up to a maximum of 250 million euros, that is to say about 10% of the total amount of the recapitalization.

Very good too BPER Bank (+ 4.97% to 1.625 euros) e Intesa Sanpaolo (+ 3.43% to € 1.896).

The most active companies in the managed savings they recorded excellent performances. In evidence FinecoBank (+ 5.03%).

Good performance also for stocks in the oil sector. ENI it made progress of 2.24% to 11.944 euros. Very good too Saipem (+ 3.38% to € 0.6974).

The strong rise achieved by stands out Telecom Italia TIM (+ 3.91%).

The STAR segment reported the thud of AVIO (-15.2% to € 10.62)after the spread of the half-year results. AVIO management has communicated the financial targets for the whole of 2022, revised in part to reflect the risks related to energy costs.

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Another rally in Piazza Affari: FTSEMib + 2.3%

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