A day without shocks and rebounds in Piazza Affari, after yesterday’s red. Due to negative Wall Street results and concerns about the economic trend, Ftse Mib closed in perfect parity (+ 0.00%) at 21,480.61 points. Investors are particularly terrified by the tensions over the energy dispute between Russia and Europe on the one hand and the interest rate hike to fight inflation on the other.
The spread between BTP and German Bunds does not change significantly, still hovering around 235 basis points. The Ftse Mib futures (expiring this month) then weakened. On the main list of the Milan Stock Exchange, the fall in gas and oil prices is therefore not favorable to most utilities and energy sources. Hera loses 5.14%, Eni 2.75%, Tenaris 3.43%, Enel 0.48%, A2A 1.36%, Italgas 0.97% and Terna 0.25%.
Instead, they keep the banks. Intesa Sanpaolo earns 0.40%, Unicredit 0.48%, Fineco 0.32%, Banca Mediolanum 0.70% and Banco Bpm 0.32%. As for Bper (+ 0.20%), the result is also influenced by the opinion of Fitch, which gave BB rating to senior non-senior debt in connection with the bond issue program up to EUR 6 billion. Among the others, Pirelli (+ 3.01%), Nexi (+ 1.55%), Poste (+ 1.14%) and Saipem (+ 1.82%) stand out. Tim did well as well (+ 0.40%). According to press rumors, CDP’s offer for one Open Fiber network will be delivered between September 26 and 30, after the election campaign, so a binding proposal will appear by October 31. (in cooperation with Money.it).