Italian Stock Exchange, commentary from the session of 7 February 2024

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Monte dei Paschi di Siena is making strong progress, after the release of the preliminary financial results for 2023. Popolare di Sondrio and IntesaSanpaolo are in the red

The major Italian Stock Exchange indices and the main European financial markets they record fractional declines mid-day.

At 1.00 pm FTSEMib it lost 0.18% to 31,062 points, after having fluctuated between a minimum of 31,036 points and a maximum of 31,215 points. At the same time the FTSE Italia All Share it was down 0.19%. Negative performances also for the FTSE Italia Mid Cap (-0.23%) and for the FTSE Italia Star (-0,64%).

Il bitcoin it fluctuates around 43,000 dollars (around 40,000 euros).

Lo spread Btp-Bund it is confirmed at 155 points, with the yield on the 10-year BTP returning above 3.85%.

L’euro consolidates above $1.075.

I banking sector securities remain in the spotlight.

Il Monte dei Paschi di Siena recorded an increase of 4.89% to 3.538 eurosafter the release of the preliminary financial results for 2023. The management of the Sienese institute has proposed the distribution of a coupon, two years ahead of the industrial plan target.

The Popular from Sondrio records a minimal decline (-0.15% to 6.55 euros)after the release of the preliminary results for the 2023 financial year.

Negative performance also for Intesa Sanpaolo (-2,67% a 2,8245 euro).

At FTSEMib we report the progress of Ferrari (+2.02%) e di Stellar (+2,14% a 21,91 euro).

At MidCap the rise of stands out OVS (+1,64% a 2,226 euro). The company announced that it has signed a letter of intent with Goldenpoint shareholders, with the aim of developing a possible industrial partnership.