Milan Stock Exchange reduces decline, heavy bank, Carige yields 10% – Reuters Italy

MILAN (Reuters) – A mid-session Piazza Affari remains in negative territory, although they recovered some of the losses.

a ballasting indexes of the Milan stock exchange are especially bank stocks, which underperformed compared to the sector at European level.

investors are cautious ahead of the US employment data to know which will be published at 14.30 Italian.

** at around 12.30 the FTSE Mib yields 0.73% or so, the AllShare 0.68%. Volume for a value of 1.2 billion euro. The European benchmark FTSEurofirst 0.24% salt.

Among ** individual stocks, MONCLER advances by around 2% in the wake of the results, the better than expected overall.

** Bounce LUXOTTICA (+ 2%) after the sharp decline yesterday.

** CARIGE down sharply (-10.5%) after late yesterday made new disclosures required by the ECB and published the 2015 consolidated results, which showed a net loss 101.7 million compared to the red of 44.6 million previously announced.

** Carige it drags the whole banking sector, with UBI bANK, BANCO POPULAR, MPS and Unicredit that yield more than 3%, closely followed by MILAN POP and INTESA SP.

** After starting upward, BANCA MEDIOLANUM is hardly move. Yesterday a source reported that the Council of State upheld the appeal of Silvio Berlusconi against the measure by which the Bank of Italy had imposed Fininvest to yield about 20% of the bank. The news negates the risk of overhang on the stock, explain the ICBPI analysts. More …