A stock takes off by 5% and pushes Piazza Affari to the top of Europe

A stock takes off by 5% and pushes Piazza Affari to the top of Europe
A stock takes off by 5% and pushes Piazza Affari to the top of Europe

Today two news items have monopolized the stock market price trend. One news concerns Europe, the other concerns our price list. Elections were held in Germany that closed 16 years of Merkel’s government. In Italy, rumors have spread about a leading national bank. Let’s see what effects these two news have had on the Milan Stock Exchange.

A stock takes off by 5% and pushes Piazza Affari to the top of Europe

The political elections that closed the Merkel era were held yesterday in Germany. The result does not seem to have had a negative impact on the German stock exchange. The Dax index started the day up by 0.6%, before gradually losing ground during the session. The result of the elections in Germany is important for the whole of Europe. The possible change in the political strategies of the German country could also imply a change in policies in Europe, in particular in economic policy.

Looking at the result of the stock market, operators would seem to appreciate the possible new course. At the end of the session, the German stock closed up 0.2%. A result very close to that obtained by the other main European lists. Both the London Stock Exchange and the Paris Stock Exchange closed with a gain of 0.6%.

But our stock market has done better and thanks to the performance of a blue chip. Thanks to some rumors, on our list today a stock takes off by 5% and pushes Piazza Affari to the top of Europe. At the end of the session, the major stock market index closed up by 0.6%. The Ftse Mib (INDEX: FTSEMIB) finished the session with 26.132 points. Bank stocks in particular pushed Piazza Affari up. Intesa Sanpaolo gained almost 2%, Banco BPM 2.9%, BPER Banca rose 3.8%.

But above all a title was the protagonist of the session. Unicredit jumped 5.1% thanks to rumors about the banking company’s future moves. According to agency news, the acquisition of Monte Paschi Siena would be getting closer and closer. CEO Andrea Orcel allegedly obtained substantial approval from the bank’s main shareholders for the acquisition of the Sienese institute.

BPM is also in the sights of Unicredit

But the rumors would not stop there. It seems that the business plan also includes an offer for the acquisition of Banco BPM. These rumors sparked the race for the title which today was bought by the operators. Thanks to the performance of this share and other banking shares, the Milan Stock Exchange was the best in Europe. Proof of what the ProiezionidiBorsa analysts have been saying for some time: this sector is a judge and alone can decide the success of the Stock Exchange.

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stock takes pushes Piazza Affari top Europe

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