Milan stock exchange positive in mid-session, Ftse Mib at +0.53%
Quick Look
- In the middle of the session the Milan Stock Exchange confirmed the positive trend with the Ftse Mib rising by 0.53%.
- Moncler in the spotlight after the promotion of Bernstein and Poste in view of the reopening of the takeover bid on Tim.
AI-generated summary
Why It Matters
Mid-session update on the Italian financial markets.
The Milan Stock Exchange confirms the positive trend in the middle of the session. The Ftse Mib rises by 0.53% to 52,247 points.
Moncler leads the list with +3.18% while Bernstein raised his recommendation to 'outperform'. Poste consolidates (+2.29%) and reopens its takeover bid on Tim (+1.92%) on Monday after the success of the first part. Among the other good results were Fincantieri (+2.2%) and Stellantis (+1.88%). Negative: Inwit (-0.91%), Amplifon and Buzzi (both -0.78%).
Outside the main basket, Pininfarina gains 18.2% at 1 euro in line with the price of the voluntary total takeover bid launched by PF Holdings (controlled by the Indians of Mahindra) which already holds 78.8% of the company.
The spread between BTPs and Bunds remains above 87 basis points with the yield on the Italian 10-year bond rising to 4.40%.
What to Watch
AI outlook — possibilities, not facts
Reopening of Poste's takeover bid for Tim
Very likely · Within days
Open Questions
- What will be the final outcome of Poste's takeover bid for Tim?
- How will the Milan Stock Exchange close today's session?
