Piazza Affari turns the mid-day mark without any particular jolts. Milan holds (+0.8%) with the banks, Snam weak.

Government bonds were calm, with the spread between BTPs and Bunds falling slightly to 146 basis points. Tim flat, down 0.8% Erg and 0.9% Snam. gas reduces losses and now drops 1.8%. oil remains weak, losing 1.6% to 77.2 dollars a barrel.