Saipem took profits after the sharp rise recorded in the previous session. ENI is also in red. Sales prevail over bankers (except for BancoBPM)
The main indices of the Italian Stock Exchange and the main European financial markets Standard drop between 1% and 2% In the last game of the week. Pierre Ferret – Technical Analyst at ActivTrades – reported that exchanges had a negative reaction to Hard words from Federal Reserve Chairman Jerome Powell, which announced its desire to accelerate monetary tightening while tackling the highest inflation rate in recent years. Conversely, according to the expert, investors continue to welcome a strong quarterly season, which has so far seen 80% of companies that released data beat earnings estimates. “These opposing factors have led to marked volatility in the stock markets,” emphasized Pierre Ferret.
It’s 13.00 FTSEMib It fell 1.77% to 24,367 points, just above the intraday low of 24,323 points. At the same time FTSE Italia all participated It decreased by 1.69%. Also minus sign for FTSE Italia medium hat (-1.02%) and for The star of FTSE Italia (-1.44%).
The Bitcoin It fell to 40,500 dollars (about 37,500 euros).
The BTP-Bund spread It has widened beyond 165 points.
L ‘euro It fell to $1.08.
Bad day for oil stocksAfter the price of crude oil in New York (the contract expires in June 2022) fell to $102 a barrel.
He exploited SaipemAfter the sharp rise in the previous session. The stock fell by 4.76% to 1.2 euros.
ENI is also in the red (-2.81% to €13,606). The six-legged dog announced the consensus of analysts for the first quarter of 2022. Estimates published on the oil giant’s website indicate an adjusted operating profit for the first three months of the year of 4.61 billion euros and an adjusted net profit. 2.47 billion euros.
There is a decline in the shares of the banking sectorAfter the strong rises that occurred the previous day.
BancoBPM Exception. The share of the Institute, led by Giuseppe Castagna, increased by 0.85% to 3.097 euros.
MidCap’s Passive Pitch OVS (-3.13% up to 1.859 euros)After publishing the results of the fiscal year 2021/2022. The company will return to the dividend.