Piazza Affari rises with banks Still down Recordati

Share, decline and take over the Milan Stock Exchange, where the Ftse Eb won 1.3% mid-morning then rises above + 1.7% at noon, after the start of the hearing at House and Senate Budget Committees of the Treasury Minister: Giovanni Tria underlined the government's willingness to reduce the relationship between debt and GDP, while seeing the country's growth at a slower pace. The recovery of Piazza Affari was triggered by the banks and boosted by the badurances of the Minister of Economy, while the title Recordati continues to fall (-4.16% to 28.58 euros towards 11am, end of the index ) alignment on the price of Opa (28 euros) after the transfer of control of the pharmaceutical company to the fund Cvc. Prysmian fly (+ 3.7%) and Leonardo (+ 3.2%), while at the end of the morning the gap between 10 year old BTPs and similar German Bunds dropped to 228 points base, against 232 at the beginning of the session. The yield on Italian ten-year bonds fell to 2.61% from 2.65% today. "The trend" of the second half of the year will also depend on the level of government bond yields that will be involved, "said Tria at a hearing.

Eni and Tim

On the Stock Exchange, Banco Bpm (+ 3%), after the news of the interest of seven consortiums for the NPL package, on the stock market, deteriorated loans .Banca Generali and Mediobanca also performed well (+ 2 % at noon), Fineco and Unicredit (+ 1.8%), Intesa (+ 1.6%) and Bper (+ 1.5%). In positive TIM (+ 1.9%), after l & # 39; strategic agreement with major suppliers in the TLC sector, while Mediaset is weak (-0.2%) Oil-related securities such as Eni (+ 1.5%), Italgas (+ 1.4%), Snam (+ 1%) and Saipem (+ 0.2%)