Closing close to intraday highs for Piazza Affari, driven by the energy sector and banking stocks. Among the former we point out the + 3.75% of Eni and the + 1.82% of Tenaris (Saipem instead ended with a -3.15%) while among the credit institutions stands out the + 2.8% of Bper Banca and + 1.94% of Banco Bpm (on both stocks the Jefferies analysts have increased the target price).
Money also on UniCredit (+ 2.48%) and Intesa Sanpaolo (+ 2.72%). The European banking sector is driven by the prospect of a rate hike which, as announced yesterday by ECB No. 1 Christine Lagarde, will return above parity shortly after the end of the summer.
On the Ftse Mib, which closed at 24,250.45 points (+ 1.57%), the performance of Unipol also stands out (+ 3.31%) after the Moody’s agency improved its judgment on financial solidity bringing it to “Ba1 “And + 1.86% of Stellantis.
The company founded by PSA and FCA has signed agreements with Samsung SDI for the construction of a production plant for batteries for electric vehicles in Kokomo (Indiana), in the United States. The joint venture will invest over $ 2.5 billion (€ 2.3 billion) and create 1,400 new jobs.
On the government bond market, the Ministry of Economy has communicated the data relating to the syndicated placement of the new 15-year BTP: over 200 investors participated in the operation for a total demand of approximately 25 billion euros. 49.5% of the placement was underwritten by fund managers, while the banks underwrote 28.5%.
The good reception given to this title eased the upward pressure on the spread with German bonds, which fell below 200 basis points (-1.2% at 199bps). In the evening, the appointment is with the minutes of the last meeting of the Federal Reserve. (in collaboration with Money.it)