Piazza Affari raises its head after days of passion. In mid-morning, the FtseMib gained 1,125 thanks above all to the wave of hikes by the banks. The performances of Bpm, Intesa Sanpaolo, Banco Popolare and Ubi stand out, with progress of more than 4%.
Beyond the technical hedging, confidence in the Stock Exchange is also restored by a report by Goldman Sachs which deems a systemic crisis of the banks in the Eurozone "unlikely" triggered by the crisis of the leading Portuguese bank, Banco Espirito Santo, which is in difficulty in repaying maturing bonds. Goldman Sachs appropriately points out that Mario Draghi's ECB would not remain idle in the face of a possible twisting of the banking crisis and the Portuguese one in the first place.
The result of this morning's 3, 7 and 10-year Btp auction is also awaited.
