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Piazza Affari celebrates the return of Profumo: Mps earns. And Unipol-Fonsai in evidence

The market response to the official appointment of the manager to the presidency of Monte Paschi was positive – Intesa Sanpaolo, on the other hand, was weak after JP Morgan cut the recommendation – Ferragamo is the queen of the morning, while the protagonists of the battle on FonSai remain in evidence – Spread below 280 bps on the first day of the BTP online offer

Piazza Affari celebrates the return of Profumo: Mps earns. And Unipol-Fonsai in evidence

THE STOCK WELCOMES THE RETURN OF MPS +2,1%.

HIGHLIGHTS UNIPOL-FONSAI

Piazza Affari (FTSE/Mib index at 17074 +0,08%) consolidates its positions and, after last week's gains, does better than Frankfurt and Paris - 0,6%.

Meanwhile, on the first day of the online offer of the Btp Italia, the spread between Italian and German ten-year government bonds is balanced at 277 points (-1 bp compared to Friday).

The market response to the official appointment of Aslesssandro Profumo to the presidency of Monte Paschi was positive +2,1%. Weak, however, Intesa Sanpaolo -0,89%, after JP Morgan lowered the recommendation to neutral daoverweight. The other banks also fell slightly: Unicredit -0,3%, Ubi -1,29%.

Queen of the morning is Salvatore Ferragamo + 3,72%, closely followed by Parmalat + 2,53%.

In evidence, after the Mediobanca promotion, Fiat Industrial +1,45%. Little movement Fiat +0,46% . Peugeot rises in Paris + 2,5%, on the wave of the news from The Wall Street Journal that the French company and GM are already working on the joint development of at least two cars, the launch could take place by the end of the year.

On the other hand, Finmeccanica -1,2% and Pirelli -1% are down. A2A loses 1,26%, the biggest decrease of the main basket.

The protagonists of the battle for the large insurance hub deserve a separate note. Premafin rises by 14,53% after being suspended upwards, Unipol scores +4,02%, Fondiaria -Sai +4,35%.

The decline in publishing titles should be noted: Mondadori -1,2%, l'Espresso -0,5%, Rcs -0,7%.

Confirmed in Amsterdam the agreement between Ups Parcel and Tnt Express which will give rise to the world's leading shipping operator with revenues of 45 billion dollars On the Amsterdam Stock Exchange, the shares of the shipping company, TNT Express, are up 1% at 9,43 euros after United Parcel Service announced that it had raised the offer to 9,50 euros, a value of the prize of 5,6 billion.

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