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Milan Stock Market Surges Led by Banking Sector Performance

Milan toned with the banks, the stock market strengthens

The tonic trend of the European stock markets continues with Frankfurt rising by 0.76%, Paris by 0.68% and London by 0.45%. The wait is still for the American employment data for the month of September which will be released today. Milan accelerates upwards, reaching an increase of 1.1%. The banking sector is driving the price list, marking a real sprint. Excellent performance by Bper which marks +4.31%, followed by MPS (+3.59%) and Unicredit (+2.75%). There were also purchases on Banco Bpm which gained 2.37% and on Intesa Sanpaolo (+1.59%). Banca Mediolanum rose by 0.95% and today announced the data on September collections which stood at 205 million, a slight decrease compared to the 225 million in August. Since the beginning of the year, collections have amounted to 5.6 billion, substantially in line with the same period of 2022. On the currency level, the euro/dollar stood at 1.055885, the euro/yen at 157.3545 and the dollar/yen at 149.0255. The decline in oil continues with Brent sliding by 0.23% to 83.96 dollars per barrel and the WTI in November to 82.23 dollars per barrel (-0.10%).

2023-10-06 18:33:16
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