It is surprising how in Piazza Affari a title took flight on a sensational indiscretion which later turned out to be false

It is surprising how in Piazza Affari a title took flight on a sensational indiscretion which later turned out to be false
It is surprising how in Piazza Affari a title took flight on a sensational indiscretion which later turned out to be false

Today was a classic session in which apparently little or nothing happened. But sometimes the most absolute calm precedes important events. We could use the metaphor of the start of the 100 meters, that moment in which everything stops waiting for the explosion of the athletes. Or we could use the metaphor of the calm before the storm.

Equity markets have remained stuck today, using a technical term, in the sense that they have moved little. The low volumes did not produce any noticeable price movements. Piazza Affari was not the only stock exchange to remain almost at a standstill. All the European stock exchanges have moved little. The German one gained 0.2%, Paris closed down 0.2%, London lost 0.6%. The Ftse Mib (INDEX: FTSEMIB) gained 0.3% at the end of the session, closing at 25,452 points.

But something on the Italian list has happened and very curious. It is surprising how in Piazza Affari a title took flight on a sensational indiscretion which later turned out to be false. But first let’s see the reasons for this immobility. Today traders waited for the US job market unemployment benefit data. The data was positive but lower than expected and influenced the start of the US indices, which started down.

But the real reason for the stillness concerns information that will arrive tomorrow. At 2.30 pm the US employment figure will be released in May. The market is betting on a positive figure, but not too much. Because if employment grows too much, the Fed could revise the monetary strategy in place.

It is surprising how in Piazza Affari a title took flight on a sensational indiscretion which later turned out to be false

Meanwhile, on the Italian market, stocks that had remained in the shadows in recent weeks are rising again. This is the case of the Ferrari stock, which today gained 2%, closing € 177.9. The rise in oil, driven by the economic recovery, pushed Saipem’s prices up again, which gained 1.4%. In this article, the Experts of Projections of Bag have made an analysis of the title.

But the case of the day is Illimity Bank. The stock shot up today, closing nearly 6% on a rumor. That is, that a financial group is interested in acquiring a stake in the bank. The news was published in a major national newspaper. Too bad that the bank has denied that there are ongoing negotiations. The same company that should have bought a significant stake has denied any offer. The fact is that on this indiscretion, denied by the interested parties, the stock has gained almost 6%. To the delight of the lucky shareholders.

Deepening

This is the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Research Department.

(We remind you to carefully read the warnings regarding this article, which can be consulted who”)

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surprising Piazza Affari title flight sensational indiscretion turned false

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