The FTSEMib exceeds 24 thousand points after US inflation

The major indices of the Italian Stock Exchange and the main European financial markets accelerate upwards and record progress in the order of 2-3%after the US inflation figure in October, better than analysts’ estimates.

At 4.45 pm on FTSEMib it was up by 2.5% to 24,374 points, after having fluctuated between a low of 23,669 points and a high of 24,440 points. At the same time the FTSE Italia All Share earned 2.49%. Positive trend also for the FTSE Italia Mid Cap (+ 2.73%) and for FTSE Italia Star (+ 3.3%).

The bitcoin hit $ 17,500.

The BTP-Bund spread it narrowed to 200 points, with the ten-year BTP yield falling below 4%.

L’EUR it has risen above $ 1,015.

Generally positive performance for bankers.

The rise of BPER Bank (+ 3.45%).

Telecom Italia TIM earns 5.14% to 0.2453 euros, after the diffusion of quarterly results. The telephone company closed the July-September period with better-than-consensus revenues and EBITDA, accompanied by an increase in debt. The top management of Telecom Italia TIM confirmed the financial estimates for 2022. In the meantime, the board of directors approved the start of the corporateization process of TIM Enterprise.

Focus on General (+ 1.93% to € 16.64). The Lion of Trieste communicated i financial results for the first nine months of 2022. The data showed an improvement in the operating result and gross premiums, which exceeded the consensus of analysts. On the contrary, net profit was affected by the devaluation of Russian investments. Generali’s management confirmed the strategic and financial objectives for 2022 and the dividend policy for the three-year period 2022-2024.

Definitely positive sitting for Italian post (+ 4.19% to € 9.742). The company communicated i economic and financial results for the first nine months of 2022, a period that closed with increasing revenues and profitability. The numbers for the third quarter alone were above the consensus of analysts. Furthermore, the management of Poste Italiane updated the guidance on the operating result for 2022 and proposed the interim dividend for 2023 for an amount of 0.21 euros.

Snam it rises by 1.65% to € 4.809. The company communicated i financial results for the first nine months of 2022, a period closed with growing revenues and slightly decreasing profitability. Furthermore, the top management confirmed the estimate on net profit for the current year and proposed an interim dividend for an amount of 0.11 euro per share.

NEXI it rises by 7.65% to € 9.598. The company communicated the economic and financial data for the first nine months of 2022. Management reported that in the third quarter of 2022 the group recorded strong financial and volume performance, with results exceeding the consensus of analysts. NEXI confirmed the financial targets for 2022 released in February.

Very good too Azimut Holding (+ 6.62%) e Interpump (+ 4.26%), after the publication of the quarterly results.

Bucking Saipem (-2.6%) e Tenaris (-4.01%).

At MidCap the slip of GVS, after the publication of the quarterly results. The stock is suspended for excess of a decrease after having marked a theoretical decline of 30.5%.