Stock Exchange: Milan recovers, Europe cries again. Telecom Italia runs

After an apocalyptic start, which pushed the indices of Piazza Affari towards a drop of 4%, the Italian Stock Exchange has triggered the recovery. The picture had also worsened following the widening to 416 basis points of the Btp/Bund spread with the 6,4-year yield rising to 12%, now in line with that in Spanish. But then the ten-year BTP reduced the spread with the German bonds, which settled around 30:375 at 1,85 points. As for the Ftse Mib, at the same time, it was traveling at +XNUMX%.
The situation, however, remained critical in Paris (-4,43%), Frankfurt (-2,03%) and London (-2,41%).
Telecom flies to Piazza Affari (+7,25%) after the results for the six months which see a leap in revenues of 10% and a net loss of 2 billion following write-downs of 3,2 billion euros. Ebitda rises by 4,3% to 5,977 billion, from 5,93 billion of the average forecast "thanks to Brazil", underlines the study of a foreign investment bank.
Generali also performed well (+1,17%), another group that presented its half-yearly report today, positively received by analysts in the insurance sector. But the stock market rush is mainly due to the recovery of the shares that had sold the most in recent days, the securities of the Fiat galaxy and the banking ones (Unicredit +6,06% and Intesa Sanpaolo +6,34%).