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by Fabrizio Patti

Milan25 October 2021At mid-session the Milan stock exchange accelerates, + 0.76% for the Ftse Mib, the best performance among the main European indices.

In the rest of the continent, London + 0.46%, Frankfurt + 0.23%, Paris -0.10%. 



Banks are in the spotlight on Piazza Affari, whose sector index rises by 1.16 per cent.

Credit institutions react to S&P's opinion on Italian public debt: rating confirmed at BBB but outlook raised from stable to positive. 



The breakdown of negotiations for the acquisition of Mps by Unicredit is highlighted.

For the Sienese bank, start with suspension for excess of discount, followed by an initial -8%;

currently the decline is 2.94%.

Unicredit opened with a decrease of 2% but recovered, + 0.38%. 



The securities of the other banks potentially interested in the Mps dossier also moved: Banco Bpm + 3.5%, Bper Banca + 1.90%. 



Among the stocks in the basket of the Ftse Mib in evidence is Exor, + 6.21%: Il Sole 24 Ore wrote over the weekend that the Agnelli family holding company returned to negotiations with Covea for the sale of the American reinsurance subsidiary PartnerRe. Oil stocks also rose, such as Saipem (+ 1.57%) and Eni (+ 1.39%), against the new rise in the price of oil, which with Brent exceeds 85 dollars a barrel. 



On the government bond front, it fell by four basis points, to 1.00%; the spread with the German Bund drops to 108 basis points. 



At 10 o'clock, the Ifo Business Confidence Index in Germany was released in October. In October, it fell slightly beyond expectations to 97.7 from 98.8 in September. This week there will be important central bank meetings: from the ECB to the Bank of Japan. This evening, on the quarterly front, that of Facebook is expected. 



Overnight, contrasting performance of the Asian markets: negative Tokyo (-0.71%), also following the negative result for the ruling party of a by-election for a seat in the chamber. 



The Hong Kong stock exchange was flat, the Shanghai one rose by half a percentage point.

On the Hong Kong list, Evergrande's stock fluctuated above and below parity: + 1.12% at the end of the session.

Positive was the news, relaunched by Reuters, that the real estate company, burdened by debt, has restarted ten building development projects suspended in recent months.

On the negative side of the real estate market weighs the news, relaunched by Xinhua, according to which the Chinese government intends to increase property taxes in some regions. 



In Hong Kong, the quarterly report of the HSBC bank showed revenues but a pre-tax profit up 76% compared to last year, equal to 5.4 billion dollars.