Session of strong purchases for Piazza Affari awaiting the response of the two days of Federal Reserve meetings. In the evening, the Washington-based institution is expected to begin preparing the ground for the first rate hike at its March meeting. Overall, through 3-4 squeezes the cost of borrowing in 2022 is expected to rise by one percentage point.
The performance of stocks in the industrial sector (+ 4.83% by Stellantis, + 4.34% by Cnh Industrial) pushed the Ftse Mib to 26,619.25 points, + 2.27% compared to the previous figure. of banks (+ 4.56% of Bper Banca, + 3.61% of UniCredit and + 3.03% of Intesa Sanpaolo) and those of the securities of the oil sector.
The + 2.2% of the Brent futures at 89 dollars a barrel, which repeats the + 2.05% achieved yesterday, allowed Tenaris to score a + 4.46%, while Saipem rose 3.68 % and to Eni to close the day up by 2.98%.
Positive day also for Leonardo (+ 1.77%), the company denied the investigations in Kuwait, and for STMicroelectronics (+ 3.13%), driven by the numbers and estimates of Texas Instruments.
On the complete, Tod’s closed with a double-digit rise (+ 15.81%) thanks to a turnover in 2021 above expectations while Eprice (+ 22.64%) once again capitalized the negotiations with Negma for the recovery of the group.
On the day of the BTP auction, and awaiting news regarding the election of the new President of the Republic, the spread with the Bund rose by 2% to 143 basis points.
This morning the Ministry of the Economy placed the new short BTP and two BTPEIs at 5 and 30 years: the first, expiring in November 2023, recorded an increase in the yield of 13 cents to -0.13%. The five-year indexed year saw the figure settle at -1.18% while that in 2041 reached 0.04%. (in collaboration with money.it)