Stock Exchange: Milan reduces the initial rise, good for Bper and Mps

ECB alarm:

(ANSA) – MILAN, APRIL 26 – The Milan Stock Exchange (+ 0.57%) reduces the initial rise, in line with the other European lists. In Piazza Affari, Mps (+ 3.3%) and Bper (+ 2.2%) take off, in view of the accounts for the first quarter. The spread between BTP and Bund rises to 175 basis points, with the Italian ten-year yield at 2.61%.

Utilities are doing well while gas registers a new rise due to the reduction in temperatures. On the rise A2a (+ 1.7%), Italgas (+ 1.4%), Snam (+ 1.2%), Enel (+ 1%) and Hera (+ 0.8%). Positive were the banks with Fineco (+ 1.4%), Banco Bpm (+ 0.9%), Intesa and Unicredit (+ 0.2%). In the insurance sector, Generali was positive (+ 0.6%), ahead of the shareholders’ meeting.

Contrasted the energy sector with weak oil.

Tenaris (+ 1.2%), Eni (+ 0.2%), Saipem (-0.3%). Iveco down (-0.4%) while Stellantis (+ 0.8%) and Ferrari (+ 0.7%) are up. Tim also did well (+ 0.6%) while Stm was down (-0.4%).

(HANDLE).

Source: Ansa

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