European markets rally after EU backs PM May's Brexit deal; Saipem shares up 6% [CNBC]
SAIPEM SPA UNSP/ADR (SAPMY)
NASDAQ:AMEX Investor Relations:
saipem.com/saipem_en_it/sommario/investor+relations+contacts.page?
Company Research
Source: CNBC
The pan-European STOXX 600 was up around 0.8 percent during lunchtime deals, with major bourses trading sharply higher. Across the board, sectors showed a positive picture with banks, autos, and insurance leading the way. Looking to the corporate space, European lenders surged more than 2.4 percent Monday afternoon, with a number of Italian banks — including Unicredit, Banco BPM and Intesa Sanpaolo — hitting the top of the benchmark. Italy continues to be closely watched, as investors monitor an ongoing budget row. On Monday, Reuters reported, citing two government sources , that the country's governing coalition could cut 2019's budget deficit target to as low as 2 percent of gross domestic product, to dodge a disciplinary procedure from Brussels. The rise in Italian banks boosted the FTSE MIB , which jumped as much as 2.5 percent in early afternoon deals. On the corporate side, Eurofins Scientific climbed over 5 percent, after the laboratory testing grou
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