La Borsa di Milano (+0,25%) prosegue la seduta in rialzo, in linea con gli altri listini europei.
Piazza Affari è sostenuta dall'andamento delle banche. (ANSA)
A small investment by Italian financial group Unipol in a local bank could put an end to the waiting game in Italian bank consolidation, aiding Rome's efforts to finally cut its stake in ailing Monte dei Paschi (MPS). Bankers say Unipol's surprise decision to raise its stake in tiny Banca Popolare di Sondrio to 9% over the past week could trigger a chain reaction that facilitates a solution for MPS. The Treasury has long identified UniCredit as the best partner for MPS.
Moderate gains in Milan
Piazza Affari is trading slightly higher, on a par with the major European bourses. EUR / USD climbs a tad to 1.225. Gold is trading at previous levels, with a variation of +0.12%. Light Sweet Crude Oil has a weak session, trading -0.27% lower.
The
Spread (the difference between the Italian BTP and German Bund yields) drops to +108 basis points, down -3 BPs from its previous level, with the Italy 10-year BTP yield at +0.92%.
Among the markets of the Old Continent, Frankfurt is firmly in the black, progressing +0.76%, London is stuck at the previous session s levels, and it s a stalemate for Paris, which is trading around the flatline.