At Piazza Affari the automotive sector rises, banks fall

European stock markets continued the session in positive territory, following the easing of trade relations between the United States and China on rare earths and the ongoing negotiations with the European Union to negotiate an anti-tariff agreement.

Milan is the weakest, just above parity (0.1%), Paris is the best, over one percentage point.

Automotive stocks are rising across the old continent. At Piazza Affari, Ferrari (2.1%) and Stellantis (1.4%) stand out, among the best in the Ftse Mib, while Leonardo (-2.7%) is falling after the gains in the defense sector in recent days.

Great attention also on the banking sector where the acquisition operations of the ongoing risk are proceeding. The titles of the protagonists are in the red. The heaviest is that of Mps (-3%) after the capital increase to service the public exchange offer on Mediobanca.