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Tim: Butti, talking about a totalitarian takeover bid is fantasy

2022-11-30T13:52:26.283Z

The undersecretary to the Prime Minister speaks about the single network at a conference on 5G. The stock suffers on the stock exchange, ends up at auction then returns to trading and yields 5.7%. Cautious European stock markets awaiting NY and the Fed chairman's speech (ANSA)



"To speak now of a totalitarian takeover bid is fantasy".

This was stated by the undersecretary of the Prime Minister, Alessio Butti, speaking of the single network at a conference on 5G.

After Butti's words, Tim slips on the Stock Exchange and ends up in the auction with a theoretical drop of almost 4% (-3.95% to 0.20 euro).

Then it returns to trading and sells 5.7%.

The title is under scrutiny with the stop to the memorandum on the net.

On a partial tender offer "the instruments will be identified", said the undersecretary.

Cautious Europe waiting NY and Powell, Milan +0.38%

- European stocks continue their cautious rise, after the inflation data and with Wall Street futures weakening in anticipation of the speech, in the evening, by the chairman of the Fed, Jerome Powell.

The area index of the Old Continent, the stoxx 600, gains half a point for the stocks linked to consumer goods and energy in evidence.

Gas continues to update its highs since the beginning of the month with the price exceeding 144 euros and nearly 6% higher.

Still among commodities, oil with WTI is around 80 dollars a barrel (+2.3%) and Brent at 85 dollars (+2.5%).

Milan records +0.38% (Ftse Mib 24,558 points) with Moncler (+1.85%), Tenaris (+1.4%) and Unicredit (+1.14%) in the lead.

Always negative Leonardo (-1.33%), Tim (-0.97%) after the stop on the Net, Juve (-1.7%) with their balance sheets under scrutiny.

Outside the main basket, sales on Mps continue (-3%) while the spread between Btp and Bund falls below 191 points with the yield on the Italian 10-year bond stable at 3.83%.

Among the other squares, London rose by 0.72%, Frankfurt by 0.38% and Paris by 0.68%.

In terms of exchange rates, the euro remains at 1.0358 against the dollar.

Source: ansa

All life articles on 2022-11-30

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