Piazza Affari confirmed its
positive results in the first half hour of trading,
with the Ftse Mib index up by 0.7% to 24,046 points.
The
spread between 10-year German BTPs and Bunds also rose to 211.4 points (last December 23rd it had closed at 209 basis points),
with the Italian annual yield up 8.1 points to 4.559% and the German one up 6.3 points to 2.446%, highlighting some pressure on government bonds.
Solo stretch by Saipem (+3%), followed by Moncler (+1.91%), driven by the post-Covid reopenings announced in China.
Purchases also on Eni (+1.26%) and Tenaris (+1.24%), despite the few movements in crude oil (Wti unchanged at 79.56 dollars a barrel).
Stm rebound (+1.18%), after a long series of difficult sessions for the sector with the exception of last December 21st.
Bper (+0.51%), Unicredit (+0.56%) and Banco Bpm (+0.39%) are holding on, Intesa is more cautious (+0.14%), MPS is brilliant (+1.95%) after the confirmation of the ECB's 'Srep' capital requirements for 2023 and the halt to the ban on coupon distribution.
Few minus signs, limited to Iveco (-0,
42%) and Buzzi (-0.17%), little moves Inwit (-0.13%), Erg (-0.12%), Generali (-0.1%), Poste (-0.04%) , Pirelli (-0.15%) and Tim (-0.05%).
Among the stocks with lower capitalization, Juventus (+3.43%) and Unieuro (+3%) are sprinting, while Italian Exhibition Group is weak (-3.8%).
Positive start to the session also for the other main European stock exchanges
.
Paris gains 0.84% to 6,559 points, Frankfurt 0.76% to 14,047 points and Madrid 0.49% to 8,310 points.
Closed for public holidays London.