Experts expect an interest rate cut of 25 basis points and await Christine Lagarde’s statements. Focus on Iveco Group Telecom Italia TIM
The major Italian Stock Exchange indices and the main European financial markets are confirmed in positive territory, awaiting the ECB’s decisions on monetary policy. Experts expect an interest rate cut of 25 basis points and await Christine Lagarde’s statements in the usual press conference to comment on the decisions.
At 1.15 pm FTSEMib it gained 0.52% to 34,686 points, after having fluctuated between a minimum of 34,502 points and a maximum of 34,732 points. At the same time the FTSE Italia All Share it was up 0.51%. Plus sign also for the FTSE Italia Mid Cap (+0.33%) and for the FTSE Italia Star (+0.44%).
The bitcoin it was brought back to 71,000 dollars (just over 65,000 euros).
The Btp-Bund spread fluctuates around 130 points, with the yield of the ten-year BTP which stands at over 3.8%.
L’EUR it stands below 1.09 dollars, awaiting the decisions of the ECB.
Focus on Iveco Groupwhich recorded a jump of 6.76% to 11.995 euros. As reported by Corriere della Sera Leonardo (+0.21%) would be interested in the Iveco Defense Vehicles division, specialized in defense and civil protection vehicles.
Telecom Italia TIM remains among the protagonists at FTSEMib after the strong volatility recorded in previous sessions. The title is in increase of 0.21% at 0.2418 euros.
Banking sector stocks could be influenced by the ECB’s monetary policy indications.
Positive day for FinecoBank (+2.74% to 14.805 euros)after the release of fundraising data in May 2024.
The positive trend continues STM (+1.76%)following the performance of the semiconductor sector.
