Piazza Affari closed unchanged, while the microchip sector saw a sharp decline on Wall Street.

The reaction to UniCredit's one-month extension of Banco BPM's takeover bid for Banco BPM was mixed for both stocks: BPM closed up 1.23%, perhaps due to the expectation of a relaunch, which has so far eluded them. UniCredit held a board meeting this afternoon and will present its quarterly results tomorrow. Pending further developments, the stock is trading little higher (+0.07%).

Another standout stock is Poste Italiane (+2.77%): today it presented very positive quarterly results. In the first half of the year, profits rose 14% compared to last year, amounting to €1.2 billion. This was the first quarterly result since TIM's rise to just under 25%.

This comes on an overall quiet day for stock indices. Milan closed unchanged, while London was also little changed. Frankfurt was negative (-1.06%), weighed heavily by the negative quarterly results of the pharmaceutical company Sartorius (-4.37%).

Wall Street saw little movement on the Dow Jones and S&P 500, reflecting, as in Europe, the stalemate in negotiations between the United States and Europe. The Nasdaq fell (-0.45%), and tomorrow will see the quarterly results of two of the Magnificent Seven: Tesla and Alphabet Google.

Nvidia (-1.71%) and other microchip makers fell after the Wall Street Journal reported that SoftBank and OpenAI's $500 billion artificial intelligence project had encountered startup difficulties, scaling back its near-term plans.