The Milan Stock Exchange (+0.1%) reduces the initial rise, in line with other European stock exchanges. In Piazza Affari, Tenaris and Stellantis show off while Saipem slips (-2.2%).

The spread between BTPs and Bunds drops to 154 points, with the yield on the Italian 10-year bond falling to 3.71%.     Banks are mixed in the main list, while fears for regional US credit institutions return on international markets.