Piazza Affari weak, sales weigh on banks

Sitting under the banner of caution for European stock exchanges, at the window awaiting the hearing of the Federal Reserve’s No. 1, Jerome Powell, at the US Congress. The drafts show the willingness of the US central bank to continue to support the first economy by avoiding an early tightening on rates. In Piazza Affari, where the Ftse MIb ended the session at 25,315.57 points (-0.32%), sales on the combination formed by BPER Banca and Banco BPM stand out, down respectively by 1.31 and by 1.69%. In the segment, -1.02% of UniCredit, which entered into an agreement with MBCredit Solutions and a securitization vehicle managed by KRUK for the sale without recourse of a portfolio of non-performing loans for a total amount of approximately 220 million EUR. Furthermore, Piazza Gae Aulenti has reached an agreement with KRUK for the sale of 250 million euros of non-performing loans that will be generated in 2021. Minus sign for illimity Bank (-4.01%) after the approval of the strategic plan to 2025 The plan provides for a ROE of 10% in 2021, 15% in 2023 and 20% in 2025. Net profit is expected to rise from 140 million in the current year to over 240 million in 2025. acquisition of majority stakes in Axa joint ventures in Malaysia and the request to increase MPI Generali to 100%, the Generali shares ended with a -0.3%. New increase for the BTP-Bund spread, which rose by over one percentage point to 110 basis points. Rather eventful day on the cryptocurrency front, where Bitcoin fell below $ 30,000 due to the new Chinese government squeeze (in mid-April the most famous of cryptoassets had gone just under $ 65,000). (in collaboration with money.it).