The Monte dei Paschi di Siena (Mps) stock recorded a remarkable increase of 14% on the stock market, driven by speculation about a potential merger with Banco Bpm, which also saw an increase of 4%. This recovery is attributed to the new strategic direction of Luigi Lovaglio, CEO of Mps, who is reviving the bank’s fortunes.
Bank of America analysts note that although Banco Bpm has so far denied any interest in MPS, the attractiveness of an industrial project could change, especially following the public purchase offer (OPA) launched by Anima. An integration between the banking networks could lead to significant synergies.
European stock markets are showing a cautious but positive trend. London is the only place to record a slight decline of 0.1%, while Frankfurt advances by 0.6%, Milan by 0.3% and Paris by 0.2%. In this context, investors are awaiting the final data on the Eurozone GDP and the minutes of the European Central Bank (ECB). In addition, in the United States, data on producer prices and unemployment benefits are expected. Finally, the chairman of the Fed, Jerome Powell, is expected to speak in the evening. Wall Street futures show a modest increase of less than 0.1%. Among the stocks in evidence on the European stock exchanges are Siemens (+7%) and Burberry (+13%), thanks to results that exceeded expectations. Asml, a well-known manufacturer of microchip machinery, also maintains a positive outlook for 2030 thanks to the expansion of artificial intelligence.
Government bonds move little with the yield on the BTP gaining one basis point to 3.61%. The spread with the Bund narrows to 122. In the raw materials market, oil marks a slight increase of 0.1%, with Brent at 72.42 dollars, while gas in Europe records a significant increase with TTF futures growing by 3.5% to 45.2 euros. Matteo Salvini proudly declared that state management has transformed MPS into an attractive hub for significant investors: “The path was and is the right one”, thus affirming his confidence in the future of the Sienese bank. As events unfold and the focus on mergers continues in the Italian banking sector, the future of MPS could prove decisive not only for the institution itself but also for the national financial landscape.
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