Giovedì, 20 Settembre 2018
MILAN

Italy stock index jumps 1.3%, lifted by U.S. consumer data

English
© ANSA

(ANSA) - Milan, August 17 - Italy's Ftse Mib index rose 1.3%
to 15,124 on Friday, lifted by advances in state defence company
Finmeccanica and Monte dei Paschi di Siena (MPS), the world's
oldest bank.
The performance of Italy's main index, which trades the top
40 listed companies in the euro region's fourth-largest economy,
was matched by others in Europe amid better-than-expected U.S.
consumer sentiment data.
U.S. consumer confidence sentiment rose to 73.6 in August, a
three-month high, the University of Michigan consumer sentiment
survey reported. Consumer confidence was buoyed by positive
sales at retailers and as low mortgage costs pushed more
Americans to pursue home-buying plans.
In Italy, lender Monte dei Paschi surged 17.6%. Other
Italian banking stocks advanced as well, with Ubi gaining 6.5%,
Banco Popolare rising 3.4%, and Bpm increasing 4.5%.
Autogrill, Italy's toll highway operator, jumped 3.3%, while
media company Mediaset surged 3.3%.
Energy company A2a declined 2.2%, as did Ferragamo which
dropped 1.2%.
Other stocks that posted declines included the operator of
Italy's gas transmission network Saipem, which fell 0.4%, luxury
goods maker Tod's, which fell 0.1%, and betting company
Lottomatica which dropped 0.2%. Beverages-maker Campari in the
meantime dropped 0.5%.
Stock markets across Europe posted gains, in line with Wall
Street's performance, as Spain's Ibex index gained 2.1%, and as
the French Cac40 index rose 0.2%. Germany's Dax index,
meanwhile, advanced of 0.4% while London's Ftse index advanced
0.2%.

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