The Milan bourse outperformed
European stock markets to close +3.52% on Monday as the
benchmark FTSE Mib index ended the trading day at 17,504 points.
The stock market was buoyed by bank shares after a positive
Goldman Sachs report, good results on Chinese markets, a
recovery in oil prices, a weaker British pound on fears of a
Brexit, and a positive Wall Street opening.
Italy's banks regained lost ground, with BPM (+2.72%), BPER
(+10.41%), UniCredit (+6.95%) and MPS (+4.99%). Investors also
like oil and gas contractor Saipem (+5.84%) after a capital
increase, and Telecom (+5.55%) after Vivendi bought shares equal
to 22.79% of the Italian group's capital.
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