Business · Markets · 7 hrs ago

Milan shares rise 0.75% as Avio and Stellantis lead gains

Milan shares rise 0.75% as Avio and Stellantis lead gains

Milan’s main stock index was up 0.75% after more than two hours of trading on October 12.

Avio shares rose 3.35%, while Stellantis gained 2.2%.

The gains came on the first day of the Paris Motor Show and after an EU-China agreement on an initial annual cap of 350,000 imported hybrid cars.

Several major Italian bank shares also rose, including Bper and Mps.

Mps was due to hold a special board meeting that day on banking consolidation.

Tim shares fell 1.78%, alongside European rivals, after a UBS analysis of the sector.

The spread between Italian and German 10-year government bonds rose to 109.5 points, while Italy’s 10-year bond yield fell to 4.55%.

Sources

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