Still with fractional variations the session of the main squares of the Old Continent. Yesterday the FED confirmed interest rates for the sixth consecutive time
Still with fractional variations the session of the main squares of the Old Continent. Yesterday the FED confirmed interest rates for the sixth consecutive time.
At 12.45 the FTSEMib rises by 0.12% to 33,789 points while the All Share advances by 0.11%. Fractional changes also for Mid Cap and STAR, the former down by 0.04% and the latter up by 0.02%. Similar trends also occurred in the other markets of the Old Continent.
The eyes of the experts were focused yesterday on the FED decisions on interest rates. As expected, the American central bank confirmed interest rates at 5.25%-5.50%. This is the sixth consecutive meeting closed with a confirmation of the cost of money. The number one of the institute, Jerome Powell, has declared that he does not expect there to be a rate increase in the coming months.
Among the individual titles on Piazza Affari, keep an eye on Stellantis after the copious sales on Tuesday, the previous open stock market session. The car manufacturer’s shares fell by 3.64% after losing 10 points in the last closing in the wake of the data for the first quarter of the year. In the meantime, Mediobanca has given its recommendation “outperform” (it will do better than the market) with a “neutral” target price of 24 euros. Same evaluation, from the previous 27 euros, and same rating, for Nomura.
The positive day for the banks continues, with Mps above all and up by 4.46%. The other institutes follow: Intesa Sanpaolo up by 0.88%, Unicredit by 0.45%, BancoBPM by 0.65%.
A positive opinion for Amplifon (+0.38%). Kepler Cheuvreux analysts raised their recommendation on the hearing aid group from “hold” to “buy”, with a valuation improved to 38.40 euros from the previous 32 euros.
