Ftse Mib in red, UniCredit good after the accounts

The negative start of trading on Wall Street pushes European prices down. Positive in the first part, the European financial markets were penalized by the red start of trading on the New York market, which took little to dispose of the bullish effect triggered by the Federal Reserve meeting. As expected, yesterday the Washington-based bank posted the largest increase in over 20 years, +50 basis points to 0.75-1%, excluding more consistent tightening in the next appointments. Today it was the turn of the Bank of England which, with an increase in the benchmark rate of 25 basis points, took it to 1%. On the Milanese financial center today was the day of quarterly reports. The best performance of the Ftse Mib, which finished at 23,759.71 points (-0.6%), was recorded by UniCredit (+ 2.08%). The bank saw the last line of the income statement settle at 1.2 billion euros and revenues total 4.7 billion. A day of numbers also for Stellantis (-0.72%), which in the first three months totaled revenues of 41.5 billion euros (+ 12%) thanks, the note reports, “to better prices and product mixes, as well as to more favorable conversion rates “. Red by 12% for deliveries. Telecom Italia also fell (-1.62%), which in the first quarter recorded revenues from services of 3.4 billion euros (-2.5% compared to 12 months earlier), confirming guidance on 2022, and for Enel (-2.24%). The utility led by Francesco Starace in Q1 recorded an ordinary EBITDA of € 4.486 billion (+ 6.8% on the year) and an ordinary net profit of € 1.443 billion (+ 18.9%). Also in this case, the company reaffirmed the guidance on Ebitda and ordinary net profit for 2022. Ever closer to 200, the BTP-Bund spread marked an increase of just under one percentage point, reaching 199 basis points. (In collaboration with Money.it)