US employment data has unnerved the equity markets of the Old Continent. The ratio was better than expected, with an increase of 528,000 jobs (excluding the agricultural sector) compared to an estimate of around 250,000. The negative stock market closing reflects investors’ fears that US central banks will revise the cost of money upwards. Piazza Affari closed the session at -0.26% with 22,586 points. On the Milanese list, Bper Banca recorded the best performance of the day with an increase of 9.7% driven by the results of the first half of 2022, characterized by an improvement in the main income statement and credit quality items. Pirelli marks + 4.3% after the quarterly results that exceeded analysts’ forecasts. Positive closing also for Unipol which gains 2.14%, confirming the financial targets up to 2024, and redemption for Telecom Italia (+ 1.85%) after a series of negative sessions. a drop of 6.74%. The institute announced the sale of a non-performing loan portfolio for a total value of 917.5 million euro: a transaction already included in the financial results of the first half of 2022. Illimity Bank also down (-6.92%). The BTP-Bund spread continues to fall, reaching 206 basis points. (in collaboration with Money.it)
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