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Stock market: Milan closes down but Ferrari flies, banks down - Breaking news

2024-02-01T18:00:29.189Z

Highlights: The Milan Stock Exchange closed lower, like the other European markets, in the aftermath of the Fed meeting. Ferrari's run (+9.2% to 353 euros) was recorded in the wake of the 2023 net profit of 1.25 billion, up 34% on 2022. Stellantis also performed well (+1.34%) which in January recorded a +13.3% in car sales in Italy. On the other hand, the sales weaken the utilities (Hera -3.18%, A2a -2.8%) and the banks, expected next week from the accounts.


The Milan Stock Exchange closed lower, like the other European markets, in the aftermath of the Fed meeting which, as expected, left rates unchanged but dampened hopes of a cut in the cost of money in March. On the Ftse Mib (-0.18% at 30. (ANSA)


The Milan Stock Exchange closed lower, like the other European markets, in the aftermath of the Fed meeting which, as expected, left rates unchanged but dampened hopes of a cut in the cost of money in March.


    On the Ftse Mib (-0.18% to 30,689 points) Ferrari's run (+9.2% to 353 euros) was recorded in the wake of the 2023 net profit of 1.25 billion, up 34% on 2022, the first time beyond the one billion threshold.

But also on the insistent rumors about the arrival of Lewis Hamilton at the helm of the Maranello team's single-seater.

Stellantis also performed well (+1.34%) which in January recorded a +13.3% in car sales in Italy.

Then purchases on Interpump (+2.7%).


    On the other hand, the sales weaken the utilities (Hera -3.18%, A2a -2.8%) and the banks, expected next week from the accounts.


   Mps lost 3.42%, Fineco 2.6%, Unicredit 2.4%, Intesa 2.1%.


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Source: ansa

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