The Milan stock exchange's
FTSE Mib index closed 0.3% down after a late rally enabled it to
recoup most the big losses sustained in early trading.
Lenders BMP and Banco Popolare gained 5.36% and 3.38%
respectively ahead of October 15 meetings at which they are
expected to give the go-ahead to their merger.
STM did well too, gaining 3.07%.
Troubled Italian bank Monte dei Paschi di Siena lost
2.55%, Luxottica shed 2.09%, Generali was down 1.46% and
Unicredit lost 1.18%.
Saipem was up 2.1% but Eni lost 0.85%.
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