Piazza Affari brings the annual tops even closer with another session in tune with the upside. The Ftse Mib index closed + 0.94% at 26,581 points, about 100 points from the levels reached at the end of August 13 and which also represent the highs over 13 years. Overseas, the three main equity indices (S & P500, Nasdaq 100 and Dow Jones 30) are again close to all-time highs (the Nyse FANG + has already surpassed them). The optimism on the third quarter earnings season helped bolster investor sentiment. The tapering issue remains in the background. Fed voter Waller said yesterday that he supports the tapering scheduled for November, believing that if inflation remains well above 2% for much of 2022, rates may need to be hiked.
Among the blue chips of Piazza Affari, Azimut’s + 4.43% stands out, which jumped to a maximum in over six years. Giving momentum to the title is the agreement with XP to form a strategic partnership aimed at further developing Azimut’s asset management company in Brazil, AZ Quest, the majority of which was acquired by Azimut in 2015. Meanwhile, Equita analysts SIM have raised the target price on Azimut by 4% to 25 euros. In view of the accounts for the 3rd quarter, the Milanese sim expects numbers to be consistent with those of the 2nd quarter and that the group will increase its visibility on the upper part of the guidance.
Among the big companies, Enel repeats today (+ 1.82% to 7.21 euros) which followed up the rally on the eve of the event, also benefiting from the positive sentiment on the renewables segment following the takeover bid for Falck Renewables by the IIF premium fund 29% compared to the average price of the stock in the last 3 months. Very good with + 2.49% Poste Italiane and over + 2% for Telecom which pushes away the annual lows reached at the beginning of the week.
Among the banks, an increase of approximately 0.65% for Intesa Sanpaolo, recovering from the declines of the eve of the day. The largest Italian bank announced this morning the goal of eliminating net issues by 2050 both for its own and for loan and investment portfolios. At the same time, Intesa joins the Net-Zero Banking Alliance (NZBA), an alliance of banks at a global level under the aegis of the United Nations, committed to achieving the Net Zero goal by 2050 and thus strengthening the objectives set by the Agreement. of Paris on climate.
Difficult day instead for Nexi (-0.79%) and Ferrari (-0.7%).