Stock Market: Milan remains on par with Europe, Tim performs well

European stock markets are moving above the midday mark with little change, ranging from London rising 0.2% to Frankfurt falling 0.4%. In Milan, the FTSE MIB index is hovering around par. Among the major stocks, TIM is clearly the best performer, rising 3% to €0.45, followed by Unipol, which is up 1.9%, and Recordati, which is up 1.8%. Banks are generally calm, but Buzzi is weak, falling more than two percentage points.

The euro is stable against the dollar at 1.164, with the 10-year BTP-Bund spread calm between 78 and 79 basis points.

Gold continued to slide after Friday's highs amid a wait for the United States to decide on any tariffs on bullion: December futures are struggling to hold the $3,400 mark, down more than two percentage points from the close of last week's final session.