European stock markets mixed, Schneider Electric collapses in Paris

Stock markets of the Old Continent flat after the start of Wall Street: the best stock exchange is that of Madrid which rises by 0.5%, followed by Miano and Amsterdam up by 0.2%, with Frankfurt just above parity. Paris is weak, losing one percentage point, weighed down by the slide of Schneider Electric, which loses 9% after the announcement of the acquisition of the US PTC for 22.6 billion dollars in cash.

Italy-Germany spread held at 112 basis points, with the BTP yield at 4.56%. The euro continues its decline against the dollar and drops by 0.4% to 1.12.

In the energy sector, gas lost 1% to 73 euros per megawatt hour, with oil declining at the same rate to 89 dollars a barrel.

In this context in Piazza Affari the best stocks are Amplifon and Unipol up by 4%, with the financial group taking advantage of the strengthening of the offer from Intesa (+1.2%) on Mps (+1%) after Delfin decided to hand over its share as the first shareholder of Monte to the takeover bid of the group led by Carlo Messina.

Mediobanca is still doing poorly, dropping 4% to 26.2 euros with Piazzetta Cuccia seeing the merger project with Rocca Salimbeni on which the shareholders must express themselves in their respective meetings on 29 October come to an end.