Stock Exchange: Milan holds (+ 1.5%), Iveco, Pirelli and Leonardo leap

Economy and ecological transition, the conference in Rome

(ANSA) – MILAN, 15 JUL – Piazza Affari continues to rise at the finish line of mid-session even if below the highs of the morning. The Ftse Mib index gains 1.5% while the differential between German 10-year BTPs and Bunds drops to 210 points, with the Italian annual yield increasing by 0.9 basis points to 3.245%. The market absorbed the blow of Mario Draghi’s ascent to the Quirinale on the eve, to deliver the resignation to the President of the Republic Sergio Mattarella who rejected them, referring the question of trust to the Chambers. A signal that among investors is seen as a possible re-composition of the majority around Draghi himself.

Meanwhile, car sales in June gave wings to the feet of Pirelli (+ 3.54%) and Stellantis (+ 1.97%), but the best is Iveco (+ 4.86%), the day after the agreement with Hyundai for hydrogen buses. This is followed by Enel (+ 2.84%), which together with Intesa (+ 1.68%) yesterday finalized the acquisition of Fintech Mooney from CVC announced on 23 December after the green light from Brussels on 20 June. Purchases also on Interpump (+ 2.72%), Leonardo (+ 2.59%), Stm (+ 2.32%) and Banco Bpm (+ 1.54%). Bper cautious (+ 0.08%), while Uniredit is weak (-0.13%) turned negative. Under pressure Saipem (-27.56%) which concluded the capital increase with the intervention of the banks, some of which announced the imminent launch of more than 67% of the unexercised shares acquired, equal to 29.6% of the entire 2 billion offer. Moncler also fell sharply (-3.63%), slowed together with the rest of the sector in Europe by the slowdown in China. (HANDLE).

Source: Ansa

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