Last session of the week was negative for European bourses after Tuesday’s decline and two days of recovery. Milan closed at -1.05%, in line with Frankfurt, while London and Paris underperformed, falling more than 1.2%.
The banking sector, which has been in the spotlight for the past few days, is now back in line with the main index (sector index at -0.47%); The only exceptions are Banca Monte Paschi and Bper Banca, which still earn more than 2%. Telecom Italia also ended slightly higher at +0.4%, but away from the +5% with which the company started the session after the agreement between the Economy Ministry and the American fund was announced after the market close on Thursday Kkr at Acquisition of the Tim network. Abroad, Wall Street stocks are mixed: the Dow Jones is up slightly and the Nasdaq is down -0.90%. The negative impact of the stronger-than-expected increase in producer prices in the United States is fading compared to the opening, with +0.8% in July, and is accelerating compared to +0.2% in June.