Flare-up of the banks of the Ftse Mib after inflation, Intesa and Banco BPM at + 1%

Banking sector well in tune today with the EURO STOXX Banks index up by more than 0.7% mid-session. Banking stocks accelerated following the release of euro area inflation data, which rose to 3% yoy in August, the fastest growth rate since 2011. Price pressures increasing pressure on the ECB to assess a less accommodative monetary policy even though the Eurotower has repeatedly remarked that it interprets these inflationary pressures as temporary.
In Piazza Affari the banks took the lead in the Ftse Mib after the inflation data and then settled with increases of the order of 1% for Intesa Sanpaolo and Banco BPM, slightly behind Bper (+ 0.77%) and Unicredit (+ 0.59%).