European stocks open higher after Fed
European stocks open higher after Fed decides on a maxi rate cut of 50 basis points and above all he has predicted another one within the year. Today we are waiting for the decision of the Bank of England and tomorrow for that of Japan.
In Frankfurt the Dax advanced by 0.95% to 18,898.15 points, in London the FTSE 100 rose by 0.98% to 8,334.25 points, in Paris the Cac 40 gained 1.51% to 7,557.04 points and in Madrid the Ibex-35 gained 1.08% to 11,810.75 points.
Milan Stock Exchange: opens higher after Fed, Ftse Mib +0.94%
On the featured price list Campari, which after not having made a price (+8% theoretical) starts trading at +6%. Brunello Cucinelli +2.50%, Stellantis and Iveco respectively at +2.3% and +1.88%. Gains also for the Interpump and Amplifon groups both at +1.85%. Banks are doing well with Unicredit +0.55%, Intesa +0.49%, Bper +0.58%, Mps +0.4%. Among energy companies, Saipem shines +2.14%, followed by Eni +1.14%, Enel +0.41%, Terna +0.40%. Tim marks +0.12%, Mfe jumps to +2.63% (category A shares, +2.73% B shares) after the half-year results.
Campari bounces back on the stock market, +6%
Campari bounces back on the stock market after the slip of the day before, marked by the farewell of the CEO Matteo Fantacchiotti. The stock at the opening struggles to gain price and then enters trading with a 6% increase at 7.38 euros. Late in the evening Lagfin, the first shareholder with 51.4%, announced that will invest an additional €100 million to purchase shares “believing that the current market price of Campari’s ordinary shares does not accurately reflect their true value”
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