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Stock market: Milan rose (+ 0.4%), Iveco, Tenaris and Prysmian did well

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Drought, damage to fruit crops in Turin (ANSA)

(ANSA) – MILAN, JUL 18 – Piazza Affari rises after a slightly varied start. The Ftse mib index gains 0.4% over 21 thousand points, driven by Iveco (+ 2.17%), on the long wave of the agreement with Hyundai for hydrogen buses, Tenaris (+ 2.63%) , favored by the rising prices of crude oil and steel, and Stellantis (+ 1.71%), which announced the termination of the joint-venture with the Chinese Gac for the Jeep brand. Purchases also on Prysmian (+ 2.26%), driven by a double order in Spain for 250 million euros.

They took profits from Enel (-3.03%), after last Friday’s run following the acquisition of Fintech Mooney together with Intesa (+ 1.15%). Saipem is still down (-2.44%), while Diasorin (-0.91%) and Recordati (-0.74%) are more cautious. Purchases on Banco Bpm (+ 2.07%), Unicredit (+ 1.14%) and Bper (+ 1.12%), with the differential between Italian BTPs and German ten-year bunds down slightly to 217.7 points and the Italian annual yield increased by 10.5 basis points to 3.36%. Purchases on Eni (+ 0.85%) and Moncler (+ 1.45%. (ANSA).

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Source: Ansa

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