The non-refundable money gives wings to the stock exchange, and Ferragamo rears up

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The stock exchanges of the Old Continent celebrated the project of the European fund for the reconstruction of 750 billion. And the 81 billion foreseen for Italy of non-repayable money gives wings to the Milan Stock Exchange

The non-refundable money gives wings to the stock exchange, and Ferragamo rears up

The Italian stock exchange was the best in Europe, also because Italy is the country that earns us most from the plan of the European Union. The markets noticed this and rewarded the stock market in general by buying a bit of everything. But in particular they have intensified purchases on bank securities. At the end of the day, the Ftse Mib blue chip index (INDEX-FTSEMIB) closed with a 2.4% rise to 18,350 points.

To underline the continuation of the drop in the spread between BTP and Bund. The yield differential between Italian and German government bonds fell further to 184 points. This decline played in favor of purchases in the banking sector

Bankers also featured on the Milanese list

As repeatedly repeated in articles from these columns, the banking sector is crucial for the Milan Stock Exchange. The performance of the shares of the banks listed on the stock exchange has a decisive influence on the price movement of the entire Piazza Affari. And today we had the demonstration. Thanks to the performance of the banks, the Milan stock exchange posted an excellent session. Bper Banca was the best, with a 4% gain. Unicredit closed by 3%, Intesa by 1.3%.

The non-refundable money gives wings to the stock exchange, and Ferragamo rears up. In fact, the title that today scored a two-figure performance was Ferragamo. The share, which is likely to leave the index of higher capitalization stocks at the end of June, increased by 16%. The share price jumped to 13 euros thanks to the announcement of the change in governance.



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