19/05/2022 09:18
The penultimate session of the week kicks off in red for Piazza Affari (in the company of the other European stock exchanges) after yesterday’s weak closing on Wall Street, in a context of strong concern for the impact, in particular on businesses, of the level of inflation and the rate hike by central banks. In Milan, shortly after its launch, the Ftse Mib index moved in the area of 23,937.77 (-0.61%).
Among the best on the list, with an increase of around 1%, Generali announced this morning the accounts for the first quarter that see the operating result rise to 1.6 billion euros and beat expectations. Net income also beat expectations but dropped to 727 million, a figure that “is affected by the write-downs on Russian investments for 136 million”. Positive signs for Eni and Leonardo, which rose by 0.6% and 0.5% respectively. In the rear, Moncler, which falls back by about 2.3%, while Stellantis and Cnh leave about 2% on the parterre.
Looking at Wall Street, the S & P500 and the Dow Jones recorded their worst session since June 2020 yesterday amid fears of a significant economic slowdown as US Federal Reserve Chairman Jerome Powell expressed his determination to cut back. ‘inflation. Meanwhile, the analysts of JPMorgan announced that they have revised downward the estimates on US GDP growth for the second half of 2022 and 2023. Today, among the appointments, the minutes of the last meeting of the European Central Bank should be circled in red ( ECB).