(Il Sole 24 Ore Radiocor) – The tow of Wall Street, which rebounds after the long weekend trying to recover part of the 2 trillion burned by the US stock markets last week, has supported the European stock markets. There Continental exchanges they thus managed to consolidate the positions gained yesterday thanks to the assurances of the president of the ECB, Christine Lagarde, on the effectiveness of the anti-spread shield. Investors’ attention now shifts overseas, where the six-monthly testimony of Fed Chairman Jerome Powell in the US Senate is scheduled for tomorrow, from which the market hopes to draw some more information on the central bank’s future moves to curb the ‘inflation. At Piazza Affari the FTSE MIB he finished the day up 0.39%. Among the Milanese stocks with greater capitalization, it stood out Leonardo – Finmeccanica after the announcement of the merger into the American subsidiary Drs of Rada Electronic Industries, a supplier of advanced software-defined military tactical radars, already listed on Nasdaq and Tel Aviv. Banks also did well, led by bpm bankas well as big industrialists such as Stellaris e Stmicroelectronics (+ 2.57%). Back up for instead Remember, which gave way after a series of positive sessions. Utilities are also in red.
Rip Leonardo thanks to the merger of Rada into Drs
As for Leonardo, the purchases were triggered right from the start on the news that the US subsidiary Drs and Rada Electronic Industries have signed a binding agreement for the merger by Rada in Leonardo Drs. A move that analysts consider “strategic”. Rada is a supplier of advanced software-defined military tactical radars, already listed on Nasdaq and Tel Aviv and, upon completion of the transaction, expected by the end of the year, Drs will also be listed on both lists. In detail, Drs will acquire 100% of the share capital of Rada in exchange for the assignment to the current shareholders of Rada of approximately 19.5% in Leonardo Drs of which Leonardo, through its US subsidiary Leonardo Holding, will continue to own the ’80, 5 percent.