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Tuesday, October 4, 2022
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    Fed towards fifth rate hike in 2022, third by 75 basis points

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    The second day of the Fed meeting has begun. The American central bank is heading towards the fifth hike in interest rates of 2022 and the third consecutive 0.75%, with which the cost of money will rise in a range between 3% and 3.25%. LIVE

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    The Milan stock exchange closes at + 1.2% and wears the pink jersey in Europe. The main stock exchanges of the Old Continent have been cautious while awaiting the decisions of the Fed on monetary policy. The spread between BTP and Bund has dropped to 222 points. The yield on the Italian ten-year bond also recorded a decline, reaching 4.11% while the two-year bond rate reached 2.718%, at the highest since 2012 and exceeding that of Greece.

    In Piazza Affari on the Tim shields (+ 5.7%) at 0.19 euros, supported by the ‘buy’ recommended by Bestinver. Leonardo (+ 5.5%), Iveco (+ 4.1%) and Stm (+ 3.2%) also shine. Tonic the energy with the rising oil price. In light of Tenaris (+ 2.9%), Eni (+ 1.8%) and Saipem (+ 1.4%). In no particular order the banks. Mps (-2.5%) and Intesa (-0.7%) were down while Unicredit (+ 1.7%), Banco Bpm (+ 1.5%) and Bper (+0.8) closed the session up %). Utilities were positive with the price of gas falling. Italgas (+ 2%), A2a (+ 1.1%), Snam (+ 1%) and Enel (+ 0.2%) did well. Ovs flies off the main list (+ 22%), after the half-year accounts better than expected.

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    Source: Ansa

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