Stock Exchange: Milan reverses course (-0.4%) with Tim and Prysmian

Air Italy, the Pope to workers:

(ANSA) – MILAN, 19 JAN – The Milan stock exchange weakens and turns negative, in spite of the rest of Europe which remains on the rise. The Ftse Mib lost 0.4% to 27,428 points. To weigh on the list are the sales on Tim (-3%) with the rumors about the plan for the spin-off of the network and the Kkr offer that appears further away. Then Prysmian was bad (-1.75%) with the German competition authority which carried out inspections at some of the Group’s sites in Germany. Among other stocks, a drop in pharmaceuticals for Recordati (-1.9%) while purchases reward Diasorin (+ 2.2%).

On the opposite side of the Moncler price list (+ 4.21% with the driving force of luxury which in Europe is enlivened by Richemont and Burberry in the wake of their respective quarterly reports. Oil on the rise (86.5 dollars a barrel for the WTI in New York) Saipem (+ 3.2%). The spread between BTP Bunds rises to 134.5 points with the Italian ten-year yield stable at 1.33 per cent.

(ANSA).

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Source From: Ansa

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