Ftse Mib returns to rise

Closing of the week dedicated to shopping for the European stock exchanges. Penalized yesterday by the fear of an early withdrawal of stimuli and the spread of new variants, today the financial markets have partially recovered ground also thanks to the announcement of the 650 billion dollars fielded by the International Monetary Fund to support the recovery. In Milan, the recovery of the Ftse Mib, which closed with an increase of 1.67% to 25,051.82 points, was led by the securities of the banking sector: Banco BPM recorded + 5.8%, Mediobanca +2, 72%, UniCredit + 3.26% and Intesa Sanpaolo + 2.15%. Recovery day also for STMicroelectronics (+ 3.74%), Leonardo (+ 2.73%, according to rumors a new order in Pakistan is about to be announced) and CNH Industrial (+ 3.44%). In view of the reorganization of the top management, Recordati gained 0.2%. Alfredo Altavilla will leave the chairmanship to the current CEO, Andrea Recordati, whose place will be taken, according to press reports, by a manager of international standing. “With reference to the article published today in a national newspaper, Recordati announces that launched, in the best interest of the Company and of all stakeholders, a process aimed at strengthening the governance of the company, in order to further support the continuous medium / long-term development of the Group ”, reads a short press release issued by the company. The palm with the worst title of the Ftse Mib is by Amplifon, which fell by 6.39%. The wave of sales, which also affected European competitors, was triggered by the provision with which the Biden administration said it wanted to protect certain sectors, with particular reference to the hearing aid sector, from excessive speculation in terms of price. Contraction of one percentage point to 110 basis points for the Bpt-Bund spread on the day in which the Ministry of the Economy placed one-year Bot for 7.5 billion euros. With bids of € 9.4 billion, the weighted average yield showed an increase of 3 basis points compared to the last auction, reaching -0.459%. (In collaboration with money.it).