The Milan Stock Exchange turns the mid-day mark up by 0.9%, doing a few fractions better than the other European stock exchanges, which vary from an increase of half a point in Madrid to a decline of 0.8% in London.
The markets, in addition to the start of Wall Street, seem to be awaiting the minutes of the Federal Reserve which will be released this evening on closed European markets.
Piazza Affari is supported above all by the banking sector, with MPS growing by 4.7% to 3.6 euros after the expiry of the lockup period which prevented the MEF from selling other shares and with Deutsche bank raising the target price to 5.1 Euroconfirming the 'buy' rating.
Bper also did very well (+3.9%), with Mediobanca growing by 3.8% in this case driven by UBS analysts who raised their rating on Piazzetta Cuccia from 'neutral' to 'buy' with an improved target price.
Unicreditsale by 1.9%, Intesa by one and a half percentage points.
Among the main stocks, the strongest is Iveco, which grows by 5% to 11 euros after having struggled at the opening to make the entry price into trading, supported by a report from Bank of America which improved the rating from 'neutral' to 'buy' and raised the target price.
Tim is on parity, while Leonardo loses 0.6%.
The spread between BTPs and Bunds is stable at 147 points, while the euro is calm around 1.08 against the dollar.
The price of gas is down by about 2% to 23.7 euros per megawatt hour, with oil still weak below 77 dollars a barrel.
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