Piazza Affari gives an encore with the risk-on once again dominating the markets thanks to the deflation of fears related to the Omicron variant. The first data on the Omicron variant that tend to reassure investors about the risk of a further deterioration in the health situation after the health officials of South Africa and the United States have reported that the symptoms of the new Covid variant do not appear particularly serious with non-hospitalization rates. high.
Yesterday’s decision by the People’s Bank of China to reduce the required reserve ratio by 50 basis points, reducing the amount of liquidity banks have to hold in reserve, also contributes to boosting the positive sentiment.
At the end of the day, the Ftse Mib, back from more than + 2% at the beginning of the eighth, scores + 2.41% at 27,137 points, thus returning to the levels prior to the sell-off dictated by Omicron’s fears.
The best performance of the day was STM with + 5.79% at 44.465 euros, riding the rally of the entire semiconductor sector after Intel’s announcement of the future IPO of Mobileye, an Israeli autonomous driving company.
Stellantis is in the spotlight today (+ 3.56% to € 16.87) which expects to generate approximately € 20 billion in annual incremental revenues by 2030 driven by the push of connected mobility. Stellantis intends to invest over 30 billion euros by 2025 to carry out its transformation in the field of software and electrification.
Among the banks, the strength of Intesa Sanpaolo is confirmed (+ 2.03% to € 2.258), back from over + 3% yesterday. Unicredit also did well (+ 2.41% to € 11.706) which on Thursday will present the new business plan. The big names include + 1.31% of Enel, + 2.25% ENI and + 3.04% Ferrari and over + 4% CNH.
On the other hand, TIM lagged behind (-1.44% to 0.4514 euros) after the negative session on the eve of the day. In order to evaluate the non-binding expression of interest that arrived at the end of November from the US private equity fund KKR, the Board appointed by the Board selected the advisors Goldman Sachs and LionTree to examine the proposal.