Milan Stock Exchange Rises; Stellantis and Ferrari Decline

Milan's stock market closed with a 0.63% gain, pushing the Ftse Mib index to 51,866 points. The Btp-Bund spread narrowed to 91 points, as oil prices dropped.

Financial markets showed signs of recovery after a volatile week. A decrease in oil prices and easing tensions in the bond market contributed to the rebound.

Piazza Affari Ends Up 0.63%

In Milan, the Ftse Mib index finished trading with a 0.63% advance, reaching 51,866 points.

Other major European markets showed mixed results. Frankfurt rose by 0.60%, while London saw a marginal +0.04% gain, and Paris pared its earlier gains.

Btp-Bund Spread Drops to 91 Points

Pressure on government bonds eased compared to previous sessions. The spread between Btp and Bund ten-year bonds fell to 91 basis points.

The yield on the Italian ten-year bond stood at 4.50%, while the corresponding German bond yield was 3.59%.

The euro-dollar exchange rate remained largely stable at 1.139. Gold also saw minimal changes, with a 0.03% decline.

Oil, specifically Light Sweet Crude Oil, experienced a more significant drop, losing 0.75% to trade at $93.9 per barrel.

Avio, UniCredit, and BPER Lead Milan's Gains

Among the notable stocks on the Milan exchange, Avio stood out with a 2.29% increase. UniCredit (+2.15%), BPER Banca (+2.06%), and Stellantis (+1.74%) also saw buying interest.

On the downside, Telecom Italia ended the day down 2.69%. Tenaris (-1.89%), Amplifon (-1.25%), ENI (-1.17%), and Ferrari (-1.00%) also faced selling pressure.

MidCap: GVS Gains 5.51%, Banca Ifis Plummets

Within the FTSE MidCap segment, GVS posted the best performance with a 5.51% advance. Safilo (+3.49%), OVS (+3.40%), and Technoprobe (+2.24%) followed.

Banca Ifis had a difficult session, dropping 11.20%. New Princes (-3.25%), Ferragamo (-2.76%), and BFF Bank (-2.56%) also declined.

In the football sector, Juventus closed unchanged (0.00%), while Lazio recorded an 1.84% rise.