“Nervous Session for Bank Stocks and Oil Sector, Positive Performance for Juventus FC at MidCap”

The major indices of Borsa Italiana and the main European financial centres experience fractional changes. According to Pierre Veyret – technical analyst at ActivTrades – the agreement reached between US President Joe Biden and the Speaker of the House Kevin McCarthy to temporarily suspend the maximum limit has provided some relief to the shares, protecting the lists from further declines. “While this may temporarily put an end to the stress felt on riskier assets, investors are likely to remain cautious for some time as the deal still needs to be approved by Congress,” he said.

At 15.50 the FTSEMib it was up 0.25% to 26,685 points, after fluctuating between a low of 26,508 points and a high of 26,807 points. At the same time the FTSE Italia All Share earned 0.23%. Minimum raises for the FTSE Italia Mid Cap (+0.09%) and the FTSE Italia Star (+0,01%).

Il bitcoin it remains under 28,000 dollars (about 26,000 euros).

Lo spread Btp-Bund fell below 180 points, with the yield of the ten-year BTP which slipped below 4.2%.

L’euro it fluctuates between 1.07 and 1.075 dollars.

Nervous session for banking stocks.

UniCredit it dropped 0.5% to 18.57 euros. The institute announced that, in the sessions between 22 and 26 May 2023, it purchased 12.43 million treasury shares, at the weighted average price of 18.5844 euros per share, for a total value of 231 million euros.

Positive performance, however, for the Monte dei Paschi di Siena (+1,16% a 2,09 euro).

At the FTSEMib the increases of Prysmian (+3.78%) and Tue STM (+2,85%).

Positive tone for Juventus FC at MidCap (+4.74% at €0.305). The Juventus club has announced that it has defined the FIGC procedure relating to the so-called “2019/2020 and 2020/2021 salary maneuvers” with the sports justice bodies, to relations with some sports agents, as well as to some alleged “partnership relations ” with other clubs. A fine of 718,240 was imposed on the company; in addition, Juventus FC will waive the appeal before the CONI Sports Guarantee College against the decision issued by the FIGC Federal Court of Appeal on 22 May 2023 in the proceeding relating to the so-called “capital gains”.

Oil sector stocks are in the redafter the price of crude oil in New York (contract expiring in July 2023) fell to $70 a barrel.

ENI recorded a drop of 2.06% to 12.944 euros. Also declining Tenaris (-2,78%).