(Il Sole 24 Ore Radiocor) – The European stock exchanges inaugurate the month of September with new extensions, after an August finale marked by caution: thanks to purchases in the travel and transport sector, on banks and on insurance companies, the main stock indices are up with Madrid (IBEX 35 ) before the class. Piazza Affari (FTSE MIB) was also lively, supported by stocks from the banking sector, but also by the performance of Telecom Italia and Leonardo. Asian stock exchanges rose: Tokyo closed trading with an increase of 1.3%.
On the macroeconomic front, focus on the performance of the sector manufacturing. In China, the Caixin index confirmed the slowdown in manufacturing in August. In decline in Germany and France, acceleration in Italy instead. American data in the afternoon.
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Italy accelerates manufacturing activity in August
On the other hand, activity in the manufacturing sector in Italy accelerates in August. The indication emerges from the usual monthly survey conducted by Markit according to which the Pmi Index stood at 60.9 in the past month. In July in Italy, the SME index for the manufacturing sector stood at 60.3 points. “The Italian manufacturing sector recorded yet another high improvement in operating conditions in August,” says Markit, according to which “production and new orders have generally increased rapidly and at faster rates due to stronger demand conditions. backlog has consequently increased once again, and manufacturing companies have continued to hire additional staff, “the statement concludes.
In Milan, focus on Unicredit-Mps, negotiations are advancing
In Milan, attention was paid to the progress of negotiations between Unicredit and the Treasury for Monte dei Paschi di Siena. In a note, Mps confirmed that UniCredit’s due diligence activities are continuing, supported by the dedicated, constantly updated data room and by discussions in the context of management meetings. Mps, the note announces, has also granted Mediocredito Centrale access to a partition of the data room, with information relating to a selection of bank branches. In addition, a data room was set up focused on aspects relating to impaired loans and loans classified as Stage 2, to which Amco had access.
In addition to the progress of the negotiation, which based on press rumors confirms Unicredit’s willingness to be selective in identifying the Mps assets to be acquired, the analysts are looking at the hypotheses of changing the rule on the conversion of prepaid taxes into tax credits: a change that would also favor other aggregations. For this reason, purchases on Banco Bpme are back on Banca Pop Er.