
AI-generated summary
Piazza Affari recorded a significant increase in line with European markets, influenced by corporate dynamics in the banking sector.
The Milan Stock Exchange is up sharply, in line with other European stock markets. The Ftse Mib index gains 2.05% to 51,086 points.
Piazza Affari is driven by the banks with Bpm (+10.7%), after the friendly merger proposal by Credit Agricole. Unicredit is also tonic (+5.8%) with record results in the first nine months. Sale Intesa (+2%), following Consob's green light for the offer document for MPS (+1.8%).

The average price of petrol remains stable, while diesel prices recorded an increase following the end of the excise duty cut. The data from the Mimit Observatory and Staffetta Quotidiana analyze the averages on the road and motorway network.

Crédit Agricole aims to acquire Banco Bpm, crowning a climb that brings its share to 30% and potentially to 45% in the new group. The operation, favored by the government's blocking of Unicredit's takeover bid, transforms the bank into an entity controlled by French cooperatives.

Crédit Agricole has proposed to Banco Bpm to start negotiations for a merger between Banco Bpm and Crédit Agricole Italia. The friendly proposal is being examined by the Piazza Meda board of directors.

Italian manufacturing shows greater resilience than expected with an increase in turnover at constant prices of 0.7% in the first seven months of 2026 and an estimated year-end of +0.8%, according to the Intesa Sanpaolo and Prometeia report.

Nvidia shares fell 6% in the pre-market on the Nasdaq after the board of directors launched an investigation into CEO Jensen Huang for an affair with an alleged Chinese spy.

The agreement on the price cap keeps fuel prices below 2 euros per liter for petrol and 2.20 for diesel, two days after the end of the excise duty cut, according to Mimit.