After a positive start, the main stock exchanges of the Old Continent and Piazza Affari have reversed course during the morning, widening the drops during the afternoon. Bad Eni, good Unicredit
After a positive start, the main stock exchanges of the Old Continent and Piazza Affari have reversed course during the morning, widening the dips during the afternoon. In Milan – which closes at the lowest session – Eni bad, Unicredit good.
In the morning Eurostat released the data of the flash estimate of euro area inflation for the month of August. During the month, the consumer price index recorded an annual increase of 9.1%, compared to + 8.9% in July and + 3% in the same month of 2021. As has been the case for months now, the energy component has having had the fastest growth (+ 38.3% compared to July 2021). Istat also released the same data, which recorded an increase of 0.8% on a monthly basis and 8.4% on an annual basis (from + 7.9% in the previous month).
Thus the FTSEMib it left 1.22% on the ground at 21,559 points, after having fluctuated between this low reached at the end and a high of 21,994 points. The FTSE Italia All Share it lost 1.08%. Also in red FTSE Italia Mid Cap (-1.02%) and the FTSE Italia Star (-0.19%). In the session of 30 August 2022, the turnover rose to 2.25 billion euros, compared to 1.57 billion on Tuesday.
At 17.35 the bitcoin it was just over $ 20,000.
The BTP-Bund spread has risen over 230 points.
L’EUR it remained substantially on par with the dollar.
Among the main titles of Piazza Affari, eyes on UniCredit (+ 4.48%). The bank announced that it has received the ECB’s authorization for the execution of the second tranche of the share buyback program of 2021, for a maximum amount of 1 billion euro, with an impact equal to 32 basis points of the CET1 ratio of the company updated to the second quarter of 2022. This will bring the total buyback in 2021 to approximately 2.58 billion euros, if added to the first tranche of the operation carried out in 2021 already integrated. The start-up of the share buyback program is subject to the approval by the company’s shareholders at the ordinary and extraordinary shareholders’ meeting to be held on 14 September 2022.
In broad red, however, ENI (-3.5%). Sales on the Six-legged Dog are favored by the news, reported by the main agencies, which speak of an increase in the quotas to be paid to the state in relation to the taxation of the “extra profits” of energy companies in these months of rushing prices for raw materials. For the same reason, other companies in the sector such as Terna (-4.36%) e Snam (-2.75%).
Among the titles outside the FTSEMib in decided red Brunello Cucinelli (-3.9%). The group communicated the financial results for the first half of 2022, a period that closed with net revenues of € 415.4 million, an increase of 32.4% (+28.3 at constant exchange rates) compared to the € 351 million obtained in the first half. of the previous year. The cashmere company ended last semester with a net profit of 50.6 million euros, up 131.4% compared to 21.9 million euros recorded in the first half of 2021. Brunello Cucinelli then confirmed the expectations an excellent 2022, with revenue growth of around 15% and taking into account a € 7 million write-down of intangible assets in Russia. Furthermore, he believes that growth expectations of around 10% in 2023 are concrete.
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