The ECB is not surprising. As expected, the board of the European Central Bank has set a 75 basis point intervention on interest rates. The benchmark rate rose to 2%, while that on deposits went from 0.75% to 1.5%. The Bank, however, explained that there will almost certainly be new interventions in the future to fight inflation. Investors, in any case, are betting on a slowdown in monetary tightening in the coming months, while on Wall Street the indices rise, on the back of data on GDP growth in the third quarter. Piazza Affari, the pink jersey of Europe, closes with a 0.90% gain, at 22,590.41 points. The spread between German BTPs and Bunds, which is around 205 basis points, has fallen sharply. On the main list of Piazza Affari, Saipem stands out (+ 15.69%). The company raised guidance on this year’s results. Hera (+ 5.09%) and Italgas (+ 5.35%) also did well, with the price of electricity and gas that can drop considerably if the European Union is really able to quickly apply the political agreement found in EU Council. Among the banks, Banco Bpm (+ 4.53%) and Mediobanca (+ 3.11%) stand out. As for Unicredit, however, the gain of 2.46% comes after some investment banks have raised the target price on the institute given the good quarterly data. Real downward peaks, however, for Diasorin (-7.65%), Stm (-6.96%) and Moncler (-4.21%). To weigh, for all three, quarterly results that did not satisfy investors. (in collaboration with Money.it)
