MILAN (Reuters) – Piazza Affair is trying to make a comeback after three consecutive negative sessions, also helped by the recovery of banks, which were punished by the results of the European vote and the next announcement of early elections in France.
Today is full of data that can affect the markets. evening The Federal Reserve’s two-day monetary policy conclusion is expected to keep US interest rates unchanged at 5.25-5.50%. A special focus on the updated economic forecasts of the central institution, which can determine the future price trend.
A few hours before the FOMC announcement and President Jerome Powell’s press conference, the estimate of US consumer prices for May is expected in the early afternoon.
Around 9:30 it increased by 0.73%.
After several reversal sessions, banks are recovering and pushing the Italian market higher thanks to their significant weighting in the main index. The banking sector index increased by 1.1%. Banco Bpm ( BIT: ), the most recent target in the letter, is up 1.2%, Bper ( BIT: ) is up 1.8%. Mps ( BIT: ) is up 1.7%. Big Intesa ( BIT: ) and UniCredit ( BIT: ) up around 1.1%.
Volatile Saipem ( BIT: ), started higher, then pared gains and fell 1.1% to 2,044 euros. This morning, Eni (BIT:) (+0.44%) announced that it has completed the placement of 10% of Saipem shares through ABB (ST:) at a price of €1,970 per share, for a total value equal to approx. 393 mln. The placement was made at a discount to yesterday’s closing price of €2,065 and therefore the shares tend to adjust to that price.
Sold Fincantieri ( BIT: ) down 1.2% after the Board of Directors decided to exercise the delegation for a capital increase of up to 500 million euros, operational on the completion of the acquisition of Uas from Leonardo.
(By Giancarlo Navach; Editing by Stefano Bernabe)
