The ECB raises rates, but Piazza Affari goes up

On the day in which the ECB established, as expected, the increase in interest rates of 75 basis points, Piazza Affari closed up. Investors are reassured by Christine Lagarde’s words on the promptness and extent of intervention and the effectiveness of the anti-spread shield to curb possible market speculation, while banks are gaining ground precisely as a result of the restrictive monetary policy. Furthermore, for now, there are no further increases, which will however be seen after the next meetings, which will be “more than two and at most five”. The Ftse Mib rose by 0.88% and closed at 21,678.08 points. The spread between German BTPs and Bunds then drops slightly and stands at around 225 basis points. In any case, Lagarde’s admission that inflation is “too high” and that it will likely remain “above the 2% target for a long time is worrying.” Despite the squeeze, then, the euro is unable to keep parity with the dollar. On the main list of the Milan Stock Exchange, the best stocks are banks, which contribute to making Piazza Affari the pink jersey of Europe. Banco Bpm earns 5.16%, Intesa Sanpaolo 2.38%, Unicredit 6.02%, B for 3.09%, Fineco 2.76%. For the rest, focus on oil and utilities, with prices on the energy market continuing to fluctuate frantically. A2A loses 2.02%, Terna 1.68%, Hera 0.58%, Italgas 1.75%, Snam 1.56% and Eni 0.31%. In contrast, however, Enel, which rose by 1.20%. For the rest, the pharmaceuticals Diasorin (+ 2.30%) and Amplifon (+ 1.78%) and the technological Stm (+ 1.35%) did well. , while Stellantis (-0.08%) and Exor (-0.31%) closed close to parity. Finally, Tim collapsed (-5.15%), given the rumors about the postponement of the single network project after the elections. (in collaboration with Money.it).