Contrasted closing for the European stock exchanges, which lost ground towards the end of the session, despite Wall Street's towing and Amazon's rally. Piazza Affari closed flat, -0,02%, 20.253 points, with Azimut on the shields, +4,46%, and Fiat down, -1,84%. The spread remains over 200 points.
Weak Paris, -0,18%; in red Frankfurt, -0,53% penalized by the performance of the auto sector. Fractional growth for Madrid +0,4%; cautious London +0,13%. Wall Street opens softly and strengthens through mid-day on the back of strong jobs data in March. The minutes of the latest Fed meeting will also be released this evening, which could provide new indications on the future of interest rates, as the vigil is in the air for President Donald Trump's visit, tomorrow and Friday, to his Chinese colleague Xi Jinping, in a context of growing international tensions, from North Korea to the Syrian front. Amazon stands out among the titles highlighted in New York, which is about to close a record sixth session. Now only Apple, Alphabet and Microsoft are worth more than Jeff Bezos' company, which has a greater capitalization than Facebook and Berkshire Hathaway, Warren Buffett's conglomerate.
In the wake of good US macroeconomic data (even if the tertiary sector held back in March) the euro lost ground against the dollar and traded at 1,066 (-0,16%). Oil abruptly reversed course during the day, after the unexpectedly higher weekly data on US crude inventories. At the moment Brent, again positive, marks +0,28%, 54,32 dollars a barrel. Gold, which has gained around 8% since the beginning of the year, dropped 0,65% and fell to 1248,06 dollars an ounce.
The spread between the Italian 0,59-year bond and the German Bund decreases (-XNUMX%), but it remains beyond the threshold of 200 points (201.50), yield at 2,27%. Among the Eurozone macro data, the composite PMI was positive, the best since April 2011. The queen of today's Ftse Mib is Azimut, thanks to brilliant preliminary estimates for the first quarter of 2017 and the announcement of the buyback offer a subordinated bond.
Banks deflate at the end of the run and close in no particular order: Unicredit did well +0,93%, the others tend to be weak, including Banca Intesa -0,32%, which started the procedure for the sale of a 1,35 package billion npl in the real estate sector. Fractional growth of Banca Mediolanum (+0,36%), which finalized the sale of 50% of Banca Esperia to Mediobanca (-0,06%) and which announced its intention to surpass its historical record of net fund inflows in 2017, thanks to the contribution of the Pir estimated at over 2 billion. The purchases reward Cnh, +2,83% and Prysmian +2,67%. Without a precise direction, the utilities: A2a +0,97%, Terna +1,61%, Italgas +0,35%, Snam +0,85% doing well; down Enel -0,45%. In fashion Moncler remains attractive +1,57%. Oil companies change sign during the session: Eni -0,53%, Tenaris -1,11%, Saipem -0,21%. Down Campari, -1,47. Sales hit Fiat and Ferrari -0,94%. Exor also lost share, -1,17%, which saw its profit drop in 2016 compared to 2015, however considered an exceptional year.
Off the main list, in the Star segment, Digital Bros shines (+9,64%) after the subsidiary of the 505 games group signed a new agreement with Re-Logic for the publication of the video game 'Terraria: Otherworld'. Industry and Innovation (+42,13%) celebrates the board's approval of the debt restructuring plan.
Tod's slips by 4,08% on the downgrade to 'reduce' from 'hold' of Equita, which believes that the current premium valuations that discount overly optimistic expectations of a relaunch are unjustified.
