Stock Exchange: Milan holds energy company, down Tim

Tourist tax worth 472 million in 2022, + 79.5% on 2021 (ANSA)

(ANSA) – MILAN, AUGUST 16 – First session after the mid-August break with a slight rise for Piazza Affari, which moved in line with Europe: the Ftse Mib index closed up 0.12% at 22.997 points, the FTSE All share up by 0.10% to 25,162.

In the Old Continent, Madrid was doing well, finishing up by one percentage point, with Frankfurt up by 0.6%, London by 0.4% and Paris by 0.3%. Amsterdam sluggish, down by a marginal 0.1%.

Strong Moscow, up by more than two percentage points, also thanks to the gas rush, which closed up above 225 euros.

Strong tension on government bonds, especially Italians: the differential between Italian BTPs and German ten-year Bunds concluded at 215 points against 207 last Friday, with the BTP yield at 3.12%.

The markets seem to be waiting for the minutes of the last meeting of the Federal Open Market Committee (Fomc) of the Federal reserve and Piazza Affari was supported by groups in some way linked to energy: A2A rose by 2.4%, Italgas by 2, 3%, Snam by 2.1% and Terna by two percentage points. Among the banks, Unicredit is weak (-1.4%), Saipem is down (-2.6%), with Tim down 3.6% after the run on Friday. Amplifon slide, down by more than 5% at the end. (HANDLE).

Source: Ansa

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