Ftse Mib closes weakly

The session closed just below par for the Milan Stock Exchange following the Federal Reserve meeting. The Washington-based institute said a tightening on rates, expected in 2024, could now come a year earlier. Indeed, it is possible that in 2023 there will be two tolls on the rise in the cost of US money. The update favored a strengthening of the dollar (the Eurodollar is in the red of 0.4% below 1.2 to 1.19455), consequent profit-taking on raw materials (-0.2% of Brent to 74.2 $ / barrel and -1.5% of gold at $ 1,783 / ounce) and a general weakening of the financial markets. The prospect of an increase in the cost of money in Milan penalized those stocks such as utilities, with high levels of debt (-1.63% of Enel shares, -0.8% of Italgas and -0.81% of Hera) , and those related to the prices of energy commodities (-2.24% of Tenaris, -1.88% of Saipem, -1.04% for Eni). On the Ftse Mib, which closed at 25,713.6 points (-0 , 21%), we report the increase of 0.34% for Stellantis after the data on registrations. The European Association of Manufacturers (ACEA) announced that in May the group’s registrations increased by 60.9% annually (+ 53% for the European market). XX September and those of the German Treasury showed an increase of 3.5% to 101 basis points. (In collaboration with money.it).