
AI-generated summary
Piazza Affari and the European stock exchanges recorded a positive session at the start.
In the first trading, Piazza Affari improves the positive tone of the start, in line with the European stock exchanges.
The Ftse Mib index rises by 1% and among the large capitalization stocks the best is Technoprobe which grows by 3.7%, followed by A2a which increases by two percentage points.
In general, the financial groups are up, among which Unicredit stands out, growing by 1.7% and Unipol, rising by 1.6% after yesterday's run. MPS is up 1.5% and Intesa 1.4%.
Recordati increased by 1.4% to 52.95 euros after CVC and GBL raised the price of their offer on the pharmaceutical group from 51.29 to 53 euros per share.
Some sales on Fincantieri (-0.9%) and on Saipem, which lost one percentage point.
The spread between 10-year BTPs and German Bunds fell to 113 basis points compared to 115 at the start.

The 14th edition of Consulentia27 was presented, the Anasf event scheduled from 8 to 10 March in Rome. At the center is the role of financial advisors, the economic challenges and the association's fiftieth anniversary.

The ECB's chief economist Philip Lane, in an interview with ANSA, warns that budget support against inflation must be targeted and not scattered. It also predicts that wages in Italy will grow faster than inflation in 2027 and 2028.

ECB chief economist Philip Lane told ANSA that in the face of high inflation it was crucial to protect low incomes with targeted measures, warning that across-the-board budget expansion would hinder the return of inflation to 2%.

ECB chief economist Philip Lane defends the rate hikes in an interview, defining inflation as very harmful for workers and families and explaining that monetary tightening avoids high inflation and tensions on spreads.

The Abi report updated in June shows a clear territorial gap in loans to businesses: strong growth in the Centre-South, especially Lazio (+12.3%), Calabria and Sicily (+4.6%), while the North-East slows down with contractions in Val d'Aosta (-15.5%), Friuli Venezia Giulia (-4.3%) and Liguria (-3.7%). The Abi Cerved Outlook data predicts a general increase in deterioration rates in 2026, with the South remaining the area most at risk (3.7%) despite a slight reduction in the territorial gap.

The approval of the tax delegation starts the countdown for the reform of the Motor TPL, with focus on the revision of the bonus-malus and direct compensation to increase transparency and competition. The average annual premium was 422 euros in the second quarter of 2026, up 1.6% compared to 2025, while the use of the black box remains limited to 16% of contracts.