Piazza Affari at its highest since 2008

Highest since 2008 for the Milan stock exchange. Thanks to the + 0.6% scored today, the Ftse Mib ended the session on pre-Covid levels at 25,321.82 points after having pushed up to 25,553.39 points just before the start of trading in New York. highest since October 2008 (shortly before the collapse triggered by the bankruptcy of Lehman Brothers). A decisive boost for European markets today came from the advance of the PMI index, which in the final version in the Eurozone rose to 63.1 points, and from the jump in crude oil which, supported by the expectation of a strong increase in requests, it went up to $ 71, two and a half percentage points higher than the previous figure. Confirmation of the overheating of the situation also came from the important update on inflation in the Euro Zone which, in a preliminary version, in May went from 1.6 to 2% (consensus + 1.9%). The trend in crude oil allowed the trio made up of Tenaris (+ 2.7%), Eni (+ 2.37%) and Saipem (+ 3.98%) to record some of the best performances of the Ftse Mib. But, on the basket of blue chips, the performances recorded by the combination of Intesa Sanpaolo and UniCredit shares also stand out, up by 1.2 and 0.72% respectively. Among bankers, Banca Popolare di Sondrio + 2.51% after UnipolSai (+ 1.79%) announced that it had raised its stake to 9.01%. Slight plus sign for Cattolica Assicurazioni (+ 0.36%) after the double-digit jump triggered by the news of the takeover bid launched by Generali (+0.68%). Positive day also for Atlantia (+ 0.96%) at the day after the assembly’s green light for the offer of the consortium led by the CDP The enthusiasm of the operators also spilled over into the sector of government bonds, where the spread with German bonds returned, thanks to a red of 2.4 %, based on 100 basis points (102 basis points). (in collaboration with money.it)