Piazza Affari, the indices close up by more than 1%

The major indices of Borsa Italiana and the main European financial centres they closed the session in positive territory. Pierre Veyret – technical analyst of ActivTrades – reported that Bullish sentiment prevails in Europe, with stocks rising significantly across all sectors. However, according to the expert, it is still difficult to say whether the current price movement is driven by real motivations, on the part of the portfolio managers, or if it is just a bull trap, which goes to close some of the short positions opened last year. “Transaction volumes are on the rise, but remain unusually low,” noted Pierre Veyret, according to which however, volatility remains high and, when combined with lower market liquidity, this is often considered a dangerous signal by traders.

The FTSEMib it posted a 1.15% gain to 24,436 points, after fluctuating between a low of 24,111 points and a high of 24,612 points. Same variation for the FTSE Italia All Share , which gained 1.15%. Plus sign for the FTSE Italia Mid Cap (+1.27%) and for the FTSE Italy Star (+1.02%). In the session of 3 January 2023, the value of trades rose to 2.07 billion euros, compared to 1.05 billion on Monday.

The bitcoins it remained above 16,500 dollars (just under 16,000 euros).

The BTP-Bund spread it fluctuated around 210 points, with the yield on the ten-year BTP returning below 4.5%.

L’EUR it moved back to $1.055.

Stellantis gained more than one percentage point (+1.3% to 13.826 euros). The Ministry of Transport communicated that 104,915 cars were registered in Italy in December 2022, an increase of 21% compared to the 86,717 vehicles in the same period last year. On the contrary, in 2022 as a whole, registrations in Italy fell by 9.7% to around 1.32 million cars. Stellantis sales are also on the rise. On the basis of the data released by the Ministry of Transport in December 2022, group registrations amounted to just over 32,500 units, up 2.8% compared to the approximately 31,700 cars sold in December 2021. However, for the whole of 2022 the Stellantis registrations were down about 16% year-on-year.

Important points among the bankers.

The progress of the BancoBPM (+2.04%), of Intesa Sanpaolo (+2.33%) and of UniCredit (+3.45%).

Strong volatility on Monte dei Paschi di Siena (-1.88% to 2.0115 euros)after the sharp rise achieved in the previous session.

Oil sector stocks fluctuatedafter the price of crude oil in New York (contract expiring in February 2023) fell below $79 a barrel, from an intraday high of $81.5.

ENI closed with fractional progress (+0.57% at 13.786 euros). Bernstein’s analysts have increased the target price on the Six-legged dog from 18.5 euros to 20 euros; the experts have also improved the rating, now fixed at “Outperform” (it will do better than the market).

In red Tenaris (-3.45%). Negative performance also for Saipem (-0.3% to 1.1805 euros).

The rise of Pirelli (+4.5%).

At the MidCap we point out the excellent performance of Juventus FC (+8.7%, after a stop due to excessive increases).