Monday, 28 May 2007

Italian Stocks Advance, Paced by Monte dei Paschi and Generali Shares

(Bloomberg) -- Italian stocks advanced, led by Banca
Monte dei Paschi di Siena SpA. The president of the bank's
largest shareholder told Corriere della Sera yesterday that the
company may chose a ``merger partner'' this summer. Assicurazioni
Generali SpA shares also rose.

The S&P/MIB gained 147, or 0.3 percent, to 43,166, after
dropping as much as 0.2 percent earlier. Twenty-two stocks rose
and 18 fell. Futures expiring in June increased 146, or 0.3
percent, to 43,260.


Read more at Bloomberg Stocks News

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