Positive bags. The FTSEMib gained 0.95%

Equity markets benefited from US inflation data in July as consumer price growth slowed from the previous month.

Milan-positiveThe main indices of the Italian Stock Exchange and the main European financial markets ended the day in positive territoryafter the spread of US inflation data for JulyConsumer prices in the United States posted zero monthly variation last month and year-on-year growth of 8.5% (from 9.1% in June). The consensus of analysts indicated growth of 0.2% and 8.7% respectively. “This was a big improvement over the June data and if it happens again in August it could reduce pressure on September FOMC meetingsaid Michael Metcalfe, director of macro strategy at State Street Global Markets.

the FTSEMib it advanced 0.95% to 22,702 points, after having fluctuated between a minimum of 22,354 points and a maximum of 22,733 points. the FTSE Italy All Share gained 0.98%. Better performance in FTSE Italy mid-cap (+1.25%) and the FTSE Italy star (+1.73%). In the session of August 10, 2022, turnover amounted to 1,380 million euros, compared to 1,360 million on Tuesday.

At 5:35 p.m. bitcoin it returned to $24,000 (just under €23,500).

the BTP-Bund spread fell below 210 points, after the Italian 10-year bond yield fell below 3%.

theaurochs it rose to $1,035.

Banking stocks in the spotlight.

Okay Intesa Sanpaolo (+0.91% to 1.8326 euros) and UniCredit (+1.34% to €9,922). The agency Moody’s confirmed the long-term rating of the two institutions, but revised the outlook, taking it from “stable” to “negative”, after the similar decision regarding the outlook, the Italian sovereign debt rating published by Moody’s on August 5th. , 2022.

Better performance for Bank BPER (+2.28% at €1.66), after the rally recorded in previous sessions. The price of the bank’s share had gone from 1,433 euros at the end of August 4, 2022 (before the publication of the half-year results), to 1,623 euros on August 9.

Sales prevailed over stocks in the oil sectorafter the price of crude oil in New York (contract that expires in September 2022) fell below 89.5 dollars a barrel.

the discounts of ENI (-0.59% to €11,424) and Tenaris (-1.08% to 12.85 euros).

prismian gained 3.95% to 32.6 euros. IntesaSanpaolo analysts have raised the target price of the share to 39.2 euros and now recommend the purchase of the shares.

Excellent performance also for IVECO GROUP (+ 3.9%) and STM (+3.39%).

fractional discount for atlantis (-0.26% to €22.69). According to Il Sole24Ore, the start of the takeover bid launched by Edizione and Blackstone for the infrastructure holding company could be postponed for a month. Compared to the initially planned schedule, that is, between the end of August and the beginning of September, the offer could start between the end of September and the beginning of October.


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