FTSE MIB rises 0.8% to 52,386
The FTSE MIB rose 0.8% to 52,386 on Thursday as sovereign yields fell and sector sentiment improved.
8% to 52,386 on Thursday, supported by improved sentiment that spread across sectors. Sovereign yields fell as global oil prices dropped for a second straight session, helping ease worries about inflation and offering some relief to banks’ balance sheets. Eurozone inflation was revised lower from its preliminary estimate. Inflation, however, remains well above the central bank’s target, with markets pricing in at least another rate hike by year-end.
3%. Utilities added to their advance as European gas prices kept falling, led by Hera’s 2% rise. 6%. 3% after reports that BYD said Italy had become a “plan B”, as the Italian automaker remains unwilling to sell any plants.