Penalized by the updates relating to European inflation, which rose from 2.2 to 3% in August, the European lists closed the session with a minus sign. The rise in consumer prices has ended up penalizing financial markets because it confirms the position of those members of the ECB board who aim to decisively reduce extraordinary stimuli.
In Milan, where our Ftse Mib stopped at 25,709.56 points (-0.98%), among the worst performances we find Tenaris and STMicroelectronics, down respectively by 3.21 and 2.74%. Letter also on the pairing formed by Stellantis (-3.45%) and Leonardo (-1.06%).
Despite the overweight promotion announced by JPMorgan analysts, Eni shares finished in the red by 0.74%. Strong growth also for the target price of the six-legged dog, which went from 12 to 15 euros (today the shares closed at 10.94 euros).
According to press reports, UniCredit management (-0.54%) would have asked the government to finance the redundancies resulting from the marriage with MPS (-0.86%).
Sparse order for utilities: Terna and Snam fell by 1.72 and 1.26 percent, Enel closed with a -0.6%, A2A gained 0.76% and Italgas, which from acquisition of Depa Infrastructure expects earnings to increase up to 10%, 0.96%. Top performer of the last session of the week were Atlantia shares, which rose 3.07%.
Little moved, at 100 basis points, the spread between our BTPs and the German Bunds. (in collaboration with money.it).