[ad_1]
After yesterday’s jump, today the European stock markets took a breather, which in any case did not prevent closings in positive territory. Only Piazza Affari closed in negative. But among the blue chips, Tenaris still works. In this analysis, the Stock Market Projection Experts reveal what has slowed the Milan Stock Exchange today and why this title continues to perform.
A cautious but positive session for European stocks and negative for Piazza Affari
After yesterday’s jump, today the European stock markets have had a more cautious trend. The plus sign was still visible on today’s top charts, but increases were limited. Once again, Wall Street held back the stock markets. After the jump in yesterday’s session, the US equity markets opened around par. Thus, the uncertain start of the US indices reported some sales in Europe.
If the main European lists closed higher, instead the Spanish and Italian stock exchanges lost. Piazza Affari today was hampered by sales due to the realizations after yesterday’s strong rise.
The Ftse Mib index (INDEX: FTSEMIB) closed the session with a fall of 0.7%, but prices remained above the 23,000 point threshold, closing at 23,083 points. Even if in the middle of the session the index had reached and exceeded 23,300 points.
What has stopped the Milan Stock Exchange today and why does this title continue to operate?
The Italian stock market was held back by concentrated sales of some blue chips. The worst stock in the top 40 was Atlantia, which lost 3.7% after the strong jump in yesterday’s session. Saipem is also suffering as a trial that began a few days ago continues. There was also a slowdown in banking stocks, but to a fractional measure. Intesa Sanpaolo sold 0.2% and Unicredit 0.3%.
Among the blue chips, Tenaris returned to the top, posting an increase of 1.5%. The stock is at 12-month highs and after last week’s bullish gap, prices continue to climb. The share is close to 9 euros. Today it closed at € 8.99. Exceeding € 9.00 will push the stock towards the first target of € 9.8. While on the downside, it is necessary to keep the 8.4 euro threshold under observation. A fall in prices below this level would cause prices to fall to 7.7 euros.
Deepening
This is the multi-day analysis and the point of view of the international markets of the Research Department of ProiezionidiBorsa.
(We remind you to carefully read the warnings related to this article, which you can consult who”)
[ad_2]