Stock market: Milan closes positive, Stellantis slips

The Milan Stock Exchange (+0.36%) closes on the rise, in contrast to the other European stock markets. Energy is on the rise in Piazza Affari with Eni (+5.8%), after the financial results, Tenaris (+4.5%) and Saipem (+4.1%). The spread between BTPs and Bunds closed the day down to 122 points, with the yield on the Italian 10-year bond falling to 4.56%.

Stellantis slips to the bottom of the list (-6.3%). Technoprobe (-4.1%), STM (-1.2%) and Prysmian (-1%) also performed poorly, while fears over the stability of investments in artificial intelligence are increasing. Sales in the luxury sector where Moncler lost 3.2% and Cucinelli (-2%), in line with the European sector after the accounts of the main companies. The banks in no particular order. Bper and Fineco down (-0.7%), Intesa up (+0.4%), Unicredit (+0.5%), Mps (+0.8%), Banco Bpm (+1%).

Tim is weak (-0.4%) while Poste is rising (+0.1%). In no particular order, the defense sector where Leonardo gains 0.3% and Fincantieri loses 0.3%. Avio is up (+1.8%).