The European stock exchanges expectations were more or less stable at the start of the day, following the Chinese government’s announcement over the weekend that it wanted to significantly increase the issuance of special bonds. These funds will be used to restructure local government debt, support families with mortgages and strengthen large public banks.
Among the titles under the spotlight in Milan are Intesa Sanpaolo, which fired an employee accused of having illegally consulted the data of some customers, including Prime Minister Giorgia Meloni. The bank apologized for the incident, calling it unacceptable, and appointed Antonio De Vita, a former senior Carabinieri officer, as its new chief security officer. But also pay attention to Monte dei Paschi di Sienafor which a consortium would be ready to take 20% of the capital.
Eyes up too Stellantis, which confirmed that it does not intend to sell its factories in Italy, as stated by CEO Carlos Tavares, underlining the importance of maintaining the production capacity of one million vehicles in the country. In the end, Leonardo could benefit from the signing, scheduled for tomorrow, of the 50-50 joint venture with Rheinmetall.
