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Stock Exchange: Milan +1.1% with Europe, Ubs zero losses


The European stock exchanges leave behind the fear of the rescue of Credit Suisse and the cancellation of 16.3 billion francs of bonds of the Swiss giant and decisively take the road to the upside: Milan advances by 1.1%, Paris by 1.2%, L... (ANSA)

(ANSA) - MILAN, MARCH 20 - The European stock exchanges are leaving behind the fear of the rescue of Credit Suisse and the zeroing of 16.3 billion francs of bonds by the Swiss giant and are decisively embarking on the upward path: Milan is advancing 1.1%, Paris by 1.2%, London by 0.6% and Frankfurt by 0.8%.

UBS, which in the morning had lost up to 16% on fears related to the risks of the execution of the merger, resets the declines with analysts evaluating the pros and cons of the acquisition, including the price and torn guarantees.

Meanwhile, the Stoxx index of bank stocks further reduced losses, down to 0.7%.


Source: ansa

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