Milan stock market closed january 24 2012

Milan stock market closed january 24 2012 ; Milan stock market ended a negative day on a mainly positive note with the FTSE MIB +0.14% at 15,99 points and the All Share +0.16%, doing better than the rest of Europe where markets were down. Banking sector and energy shares traded well in spite of an uncertain and volatile session with the main index falling to a low of -1.4%.

Nervousness and concern was caused by yet another failure in talks on Greece's sovereign debt with the Eurogroup rejecting proposals presented by private creditors. The spread between German and Italian ten-year government bonds fell t around 400 basis points to then return above 410.

Unicredit shares were up 2.51% n rumours of possible new partnerships while Monte Paschi rose 3.66%, Banco Popolare +1.43% and UBI -1.93%, Intesa -0.21%. End of week board meetings are expected to approve an agreement but Unipol shares fell 2.42% and Fonsai up 2.22%.

ENI shares remained unchanged, ENEL +1.58%, as were A2A shares after an agreement on Edison and Edipower. Iren +5.90% for the same reason. Snam +3.96%, and Terna up. Telecom shares fell 3.55% after rumours in the press of a dividend cut for 201 that have not been denied.

ST shares fell 5.42% after publishing results for 2011 with revenue and turnover down especially during the fourth quarter that saw losses. Prysmian -3.17%), FIAT +1.73%), Luxottica +1,27% before the company published positive data for 201 after markets had closed For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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