The market's attention remains focused on upcoming macro data from the US, with traders looking tomorrow at October inflation figures, followed on Friday by PCE figures for the same month, a measure of prices particularly dear to the central bank.
At around 9:30 a.m., the FTSE MIB was up 0.48%.
The banking sector rally continues, with the big players UNICREDIT and INTESA up around 0.75%. MPS is also doing well, up 1%, and its subsidiary MEDIOBANCA is up 0.6%. The best performer is POP SONDRIO, up 1.7%.
GENERALI is up 2% today in the wake of rumors reported by MF, according to which, with business performing better than expected, the group is likely to proceed with an update of its plan targets at the end of 2026, at an ad hoc investor day.
Yesterday's Nasdaq rally also had a positive impact on STM, which rose 1.9%.
Oil stocks are up on the rise in crude oil prices after US President Donald Trump ordered a "total and complete blockade" of all sanctioned oil tankers entering and leaving Venezuela. SAIPEM gained 1.4% and ENI 0.75%.
Outside the basket, ARISTON jumped 3.1% after announcing the purchase of the Riello group for €289 million.
Finally, JUVENTUS retraced to -2.2% after the stock rallied, gaining over 21% in two sessions on the back of Tether's offer for the club, which was rejected by Exor.
(Giancarlo Navach, editing Stefano Bernabei)
