Piazza Affari closes down, Campari toasts the accounts

Minus sign for a prudent Piazza Affari awaiting the indications coming from the quarterly reports and the response of the Federal Reserve meeting. During the second part, the expected update of the World Economic Outlook was released, in which the International Monetary Fund, as expected, revised its growth estimates upwards. Given the strong divergences in economic performance between those who, like developed countries, have had quick and full access to vaccines and those who, like the rest of the world, do not have the same luck, the Washington-based institute confirmed the + 6% on 2021 and the 2022 figure increased from 4.4 to 4.9%. The figure for the current year relating to Euroland went from 4.4 to 4.6 per cent while on 2022 the expectation was increased by half percentage point to 4.3%. As for our country, the two figures stand respectively at 4.9 and 4.2 per cent, from 4.3% and 4% (both data already represented upward revisions). On the Ftse Mib, which finished in the red by 0.83%, confirming itself above 25,000 points (25,086.55), the + 3.16% achieved by Campari shares stands out. The first half closed with net sales of 1 billion euros, + 37.1% compared to the first half of 2020 and + 22.3% compared to the first half of 2019. Net profit rose to 156.8 million, over 100 percentage points more than the same period in 2020. Positive also the trio formed by Terna (+ 0.96%), A2a (+ 0.88%) and Snam (+ 0.84%). Italgas, which closed the first half with a net profit up 14.1% to 176.1 million, recorded a + 0.68% while Enel fell by 1.47%. Negative performances were instead recorded by UniCredit, Banco Bpm and Intesa Sanpaolo, down by 2.02, 1.32 and 1.03 per cent respectively. On the day of the BTP Short Term auction, the BTP-Bund spread rose by one percentage point to 110 basis points. The Ministry of Economy put the securities on the market with a yield of -0.29%, +7 basis points compared to the previous appointment. The Short Term BTPs, maturing in January 2024, recorded requests for € 5.12 billion. (in collaboration with money.it).