Although a negative start to the week was expected, the first deals in Piazza Affari are positive. Banking stocks are on the rise
Although a negative start to the week was expected, the first deals in Piazza Affari are positive. Banking stocks are on the rise.
So after the early stages of exchanges FTSEMib advanced 0.75% to 19,268 points while the All Share shows an increase of 0.65%. Mid Cap (+ 0.3%) and Star (+ 0.2%) are also in posivito.
In red the last sessions of foreign exchanges. On Friday the Dow Jones fell 2.84% to 25,016 points, while the S & P500 lost 2.42% to 3,009 points. A negative sign also for the Nasdaq (-2.59% at 9,757 points). Definitely negative intonation for bank securities, after the FED’s stress tests highlighted the need to suspend buy-backs and put a cap on dividend payments.
Tokyo is also in the red, where Nikkei left 2.3% on the ground this morning.
Banking business in progress overall. Salt of 0.58% Intesa Sanpaolo which sold its stake in Autostrade Lombarde and BreBeMi to Aleatica. Well Unicredit (+1,28%) e UBI Banca (+0,81%).
On the Milanese square eyes on Fiat Chrysler Automobiles (+ 1.3%). On Friday, the group’s shareholders’ meeting approved the financial statements for 2019 and re-elected all the members of the board of directors who applied for re-election. Finally, the meeting approved a new purchase and disposal plan for treasury shares, up to a maximum amount of 10% of the ordinary shares issued on the date of the meeting. During the meeting, FCA president John Elkann reiterated that the merger with PSA will be completed in the first quarter of 2021.
Focus again on Cattolica Assicurazioni (+ 4.47%). The company’s shareholders’ meeting approved the financial statements for 2019, some statutory changes e the capital increase of 500 million euros.
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