Stock exchanges recovering, leads the banking sector

Purchases on European lists are back after the misstep at the start of the week. Thanks to the purchases on securities of the banking sector, the Ftse MIb closed the session in Piazza Affari with an increase of 1.94% to 25,956.02 points. Positive indications also from the BTP-Bund spread which, on the day after the administrative results, marked a decrease of 1% to 103 basis points (even if the negative result of the League threatens the government team). The four best performances on the blue chip basket in Milan are all the prerogative of the banking sector: Banco BPM recorded + 5.62%, UniCredit rose by 4.34%, Intesa Sanpaolo gained 3.37% and BPER Banca closed with a + 3.52%. A day of recovery also for Stellantis (+ 2.59%), penalized yesterday by the numbers on registrations in September, and STMicroelectronics (+ 2.5%), which rose in line with the recoveries on Nasdaq. The new rally in crude oil, the future with December delivery on Brent consolidates on the highs of three years at 83 dollars (+ 2.2%), allowed Eni to score a + 1.77% and Tenaris to gain 1 , 03%. The Six-legged Dog has signed a memorandum of understanding with the Republic of Congo for the joint development of agricultural raw materials for biorefining. A2A also did well (+ 2.1% and Enel (+ 0.82%). (In collaboration with money.it)