Contrasted indexes at Piazza Affari. The FTSEMib is down

The major indices of Borsa Italiana and the main European financial centres recorded fractional changes in the last session of the week, after the diffusion of the US employment data for November. Filippo Diodovich – Senior Market Strategist of IG Italia – signaled that the reaction on the markets was strong because investors seemed to discount the possible slowdown in the amount of rate hikes by the FED after Jerome Powell’s words as a “done deal” and after the core PCE inflation figure. “Job data changes the odds and make the 50 basis point scenario always appear to be the favorite but not with such high percentages”, the expert pointed out.

The FTSEMib it lost 0.26% to 24,622 points, after fluctuating between a low of 24,415 points and a high of 24,702 points; the main Borsa Italiana index finished the week down 0.39%. The FTSE Italia All Share it lost 0.21%. Positive performance, however, for the FTSE Italia Mid Cap (+0.11%) and for the FTSE Italy Star (+0.78%). In the session of 2 November 2022, the value of trades fell to 1.78 billion euros, compared to 2.33 billion on Thursday.

The bitcoins it fluctuated around 17,000 dollars (about 16,000 euros).

The BTP-Bund spread it returned to 190 points, with the yield on the ten-year BTP returning to over 3.75%.

L’EUR it climbed back to $1.05.

Telecom Italia TIM remained in the spotlight, after the strong volatility recorded in the previous two sessions. The stock recorded a drop of 2.06% to 0.2094 euros.

Negative closure for BPER Bank (-0.49% to 1.9395 euros). The institute announced that it has concluded the placement of the inaugural fixed-to-floating senior non-preferred bond issue for an amount of 500 million euro, with a 5-year maturity and the possibility of early repayment after 4 years. The annual coupon is set at 6.125%, with an issue/re-offer price of 99.847%.

Also in red Stellantis (-2.05% to 14.602 euros). The Ministry of Transport communicated that in November 2022 119,853 cars were registered in Italy, an increase of 14.7%. Stellantis sales are also growing. According to what was reported by the main press agencies, in November 2022 the group’s registrations amounted to around 37 thousand units, up by 1.4% compared to the over 36,300 cars sold in November 2021. As a result, Stellantis’ market share is attested to 30.8%.

Selling on oil sector stocks prevailedafter the price of crude oil in New York (contract expiring in January 2023) fell to $81 a barrel.

The decline of ENI (-1.41% to 13.892 euros). Also in red Tenaris (-1.65%).

DeA Capital recorded a leap of 28.9% to 1.474 euros. NOVA, a company wholly owned by De Agostini, communicated the decision to launch a voluntary public offer on the shares of the holding company listed in the STAR segment, with the aim of obtaining the revocation of the shares from Piazza Affari. The bidder will pay a cash consideration equal to 1.5 euro cum dividend (including coupons relating to any dividends distributed by DeA Capital). The offered price incorporates a premium of 31.1% compared to the closing price of DeA Capital in the session of 1 December 2022 (1.144 euro).