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    Borsa: Milan recovers in the wake of Europe, luxury pulls price lists

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    Air Italy, the Pope to workers:

    (ANSA) – MILAN, JANUARY 19 – The Milan stock exchange regains ground and aligns itself with the other European lists, all positive with Wall Street expected to rise. The Ftse MIb crosses the parity threshold and gains 0.23% to 27,546 points.

    The boost, as for the rest of the squares of the Old Continent, comes from luxury with Moncler registering a +4.46 percent. While the increase in the price of oil (over 86 dollars per barrel for wti and 88 dollars for brent) favors Saipem (+ 2.7%), Tenaris (+ 1.17%) and Eni (+ 1.07%) . Sales on Tim are confirmed (-3.2%) after the reports of the analysts of Exane and Barclays and the meeting during which the CEO Labriola illustrated the framework of the new industrial plan. Generali lost 0.9% in the aftermath of the board.

    Among other squares, London gains 0.48%, Paris 0.74% and Frankfurt 0.58% while the yield of the ten-year bund is back in negative after passing the zero threshold in the morning with the rise of the inflation in December. The spread between btp and bund is instead stable at 133 points as well as the Italian ten-year yield at 1.3 per cent. And the price of gas continues to decline, which in Amsterdam travels to 73.5 euros MWh. (HANDLE).

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    Source From: Ansa

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