The air of agreement between Beijing and Washington has also increased the optimism of the European markets, which are well tuned at the start of the week. Traders are eyeing results from Goldman Sachs and Citi due out in the afternoon.
In Milan, the Ftse Mib index gains about half a point around 21.940 points, after narrowly passing the barrier of 22 points (22.004) at levels last seen in August. The Frankfurt and Paris stock exchanges rose by around 0,1%. The Ibex of Madrid +0,2%.
The decline in the spread continues. The spread between Italian and German government bonds stands at 247 points with a yield of 2,54%, unchanged from Friday. Bunds at 0,04%.
In January, the value of the portfolio of Italian government bonds held by foreign subjects rose to 702,813 billion euro from 681,892 billion in December. The public administration borrowing requirement in Italy increased to 10 billion in February and the public debt rose to 2.363,7 billion.
The euro appreciates slightly to 1,131 against the dollar.
Brent oil down slightly to 71 dollars a barrel, -0,6%. Down Eni -1,3% and Saipem -1,1%.
The good performance of the Italian Stock Exchange is linked to the good performance of banks driven by M&A hypotheses. The Bigs rise: Unicredit + 1,7%. Intesa Sanpaolo +1,3%. In great evidence B for Bank e Finecobank, both at +3%, Bpm bank + 2,3%.
Mediaset rises by 1,1%, despite the denial of the negotiations with ProSiebensat. Mediobanca Securities is neutral on the stock, sees the merger hypothesis as positive and believes that a slowdown in advertising could speed up the process even if governance issues remain to be resolved.
Telecom Italy +1,1%, after the new indications on the hypothesis of integration with Open Fiber.
Among the industrialists Brembo +2,4% reaches new highs for the year after Alberto Bombassei has returned to talk about m&a with the aim of doubling the size of the group.
Little move Fiat Chrysler at 14,20 euro.
in the rest of the list Safe bag +0,5%: the board of directors mandated the CEO to deal with the listing on the Nasdaq.
