Stock market: Milan negative with the banks, eyes on the MPS assembly

Banks down on Piazza Affari with the index turning negative (FTSE MIB -0.31% to 49.66 points). The focus of the day is on Mps (-0.66%) with the meeting in Siena called to express its opinion on the double operation towards Banco Bpm (-1.23%) and Banca Generali (-0.58%) but also on the merger with Mediobanca (-0.66%). The latter gathers its members to vote on the integration with Monte which, in turn, is the recipient of the offer from Intesa Sanpaolo (-1.05%) which, having obtained all the authorizations, is now awaiting the green light from Consob on the prospectus.

Unicredit was also negative (-0.93%) which, with the exit of Pier Carlo Padoan at the end of his mandate with the assembly next spring, has started the process of searching for a new president. Among others, Bper lost 0.56%, Mediolanum 1.27% and Fineco 1.28%.