Piazza Affari closed positively after Powell

The wait is finally over: Jerome Powell spoke in Jackson Hole. And, according to what was the closing of the week of the European stock exchanges, the message arrived from the town of Wyoming pleased the operators (who probably expected more “hawkish” tones). During his speech, the No. 1 of the Fed noted the progress made by the real economy, announcing that, by the end of the year, the much feared “tapering”, the progressive reduction of emergency stimuli, could begin. Particularly appreciated was the remark that tapering could be postponed if the Delta variant were to do more damage than expected and the notation that, in any case, tapering does not represent a signal “that the rate hike is close. ”In this context, the last session of the week of the Ftse Mib closed with a rise of 0.56% at 26,006.63 points. The top performer palm in the blue chip list is the prerogative of STMicroelectronics shares (+ 2.14%), driven by the indiscretion that Taiwan Semiconductor Manufacturing (TSMC, which alone holds 31% of the market) is about to announce a increase in prices, followed by Diasorin (+ 1.99%) and Banco BPM (+ 1.67%). Among credit institutions, positive session also for BPER Banca and Intesa Sanpaolo (+1.58 and +0.59 percent). Outside the main basket, positive session for Brunello Cucinelli (+ 3.28%), which closed the first half with revenues of € 313.8 million (+ 7.7% compared to the same period of 2019) and announced to expect + 20% in 2021, and for Juventus shares (+ 1.23%), driven by the effect positive on the accounts triggered by the farewell of Cristiano Ronaldo. The BTP-Bund spread recorded a contraction of almost 2% to 106 basis points. Today the Ministry of the Economy placed six-month BOTs for 6.5 billion euros with a substantially stable return (+1 basis point to -0.519 percent). (in collaboration with money.it).