Stock Exchange: Milan holds with Pirelli and Unicredit, bad Campari – Economy

Stock Exchange: Milan holds with Pirelli and Unicredit, bad Campari – Economy
Stock Exchange: Milan holds with Pirelli and Unicredit, bad Campari – Economy

(ANSA) – MILAN, OCTOBER 26 – The gallop of the European stock exchanges continues and Milan does not shy away, retouching the highs of the last 12 years and approaching the Ftse Mib index at 27 thousand points: the index of the main stocks of Piazza Affari in fact, it concluded with an increase of 0.58% to 26,970 points, the FTSE All share up by the same 0.58% to 29,624.

Traders are looking at solid oil at 84 dollars a barrel, in addition to forecasts of scarce short-term interventions by the Fed and especially by the ECB on securities purchase programs.

In this context, the day went well in tune for all continental equity markets: London closed up by 0.7%, with Frankfurt (+ 1% final), Madrid (+ 0.9%) and Paris (+0 , 8%) better than a few fractions of a point. Less tonic Amsterdam, which still ended positive by 0.4%.

Some tension on government bonds, with the spread between 10-year German BTPs and Bunds increasing to 111 basis points, only partially curbed the current of purchases in Milan: among the main bonds, requests were concentrated on Pirelli (+2 , 5%) which also exploited the strength of the auto sector. In the Ferrari sector, for example, during the session it reached its all-time high, to close slightly positive (+ 0.4%) at 200.3 euros.

Interpump (+ 2.2%), Banca Mediolanum (+ 1.5%) and Unicredit also performed well in the high capitalization basket, with a final increase of 1.4% also on the assumptions that the match with Mps (rise of the same 1.4%) is not completely closed. Among the main stocks, however, Campari slipped by 4% to 12.3 euros after the quarter’s accounts and above all the estimates for the whole year.

Amplifon (-2.8%) and Saipem (-2.2%) were also bad. Among the ‘little ones’, Cattolica closed down 0.2% to 6.78 euros, getting closer and closer to the price of Generali’s takeover bid. (HANDLE).

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