No recovery for Piazza Affari. The Ftse Mib closed today at 21,846 points (-0.32%). Uncertainty continues to dominate the markets awaiting the Fed tomorrow. After the leap in inflation last Friday, expectations for a 75 bp increase in the cost of money have increased and there is also a push to predict +100 bps.
Bad today Campari which with -4.2% was the worst stock of the day; utilities were bad with -3.37% for A2A, -2.49% for Hera and -2.69% for Terna. The new increase in interest rates weighs on the utilities which are among the companies with the greatest debt.
Tonica instead Saipem ((+ 2.82%) which announced that it had signed a MoU for the development of a project of two drilling systems for large-diameter foundation holes for wind farms.
TIM also stands out among the most important signs (+ 0.77%) with the latest press rumors that see the binding agreement for the single network approaching. Il Sole 24 Ore reports that the binding proposal for the single network could be presented by the end of July, following the presentation of TIM’s business plan (7 July). The article reveals some confidence that the parties can reach a shared evaluation.