Piazza Affari has been flying to its highest levels since August 2008: the week has started without jerks, but with a moderate prevalence of purchases. After a slight decline, the Ftse Mib index took the path of rises and closed with a 0.49% rise to 27,868 points, a milestone that had been missing since the summer of 13 years ago.
Positive closing also for the main European lists: Frankfurt rose by 0.34% to 16,148 points. Paris has an increase of 0.53% to 7,128 points. Little London marks + 0.054% to 7,351 points. Meanwhile, retail sales in the United States are expected to come out tomorrow: they could give indications on the possible impact of the decline in consumer confidence, which has fallen to a ten-year low thanks to growing concerns about prices. The numerous interventions by Federal Reserve officials with investors at the window for possible indications on the timing of the first rate hikes should also be monitored. Meanwhile, today the president of the ECB, Christine Lagarde, reiterated that “it is very unlikely” that the conditions for proceeding with a rate hike will be met in 2022.
Among the individual shares of Piazza Affari, Saipem (-0.07% to € 1,963) was awarded two new offshore contracts for transport and installation (T&I) activities for a total of over 600 million dollars. Azimut is on the rise (+ 1.32% to 26.84 euros) which still updates the six-year highs. Convinced purchases also on Atlantia (+ 0.95%) after the Antitrust of the European Commission authorized the sale of the entire stake held by Atlantia in ASPI.
The pink jersey of the day was Telecom Italia with + 3.06% at € 0.3337 after the weakness of last Friday following the nothing of the board of directors on November 11 on reorganization and single network. Among the utilities, Terna’s winning idea (+ 1.83%), while Snam scored + 0.04% after being downgraded from neutral to sell by Citigroup, with a target price of 4.50 euros.