Record stock exchanges at the start of the week, from East to West, with European lists confirming their positive results, driven by Business Square. The main Milan index closed up 1,48% and is approaching 23.500 basis points (23.425), while the spread closed at 95 points (-2,39%), with the Italian 0,51-year rate down further to +XNUMX. Therefore, the financial euphoria that is accompanying the exploration of Mario Draghi does not stop, in search of a broad consensus for the formation of his government according to the indications of President Sergio Mattarella. “A golden opportunity” for Italy, as ECB president Christine Lagarde underlined in an interview.
Above all, the banks benefited from the Draghi effect, which took advantage of the drop in the spread and a renewed confidence in the Italian credit system, which is heading towards a new phase of consolidation. For Carlo Messina, CEO of Understanding (+1,41%), "a Draghi government can accelerate the growth of our country and bring the spread to 50-60 points".
However, the propensity for risk touches almost all latitudes, in anticipation of the push that will come above all from the United States with the new 1900 trillion dollar Biden plan, in the hope of rapid approval. In this perspective Wall Street started up and after last Friday's Nasdaq and S&P500 records, even the Dow Jones reached new highs. Energy and airline stocks are in evidence: the best performers on the S&P 500 are Occidental Petroleum, Apache Corp , Marathon Oil Corp , Delta Air Lines, Diamondback Energy and United Airlines.
Meanwhile, interest rates on long-term US government bonds hit a one-year high in forecasting the impact of the new stimulus. The 2-year yield rises to XNUMX%, in the expectation that government support will fuel the price increase. Treasury Secretary Janet Yellen expects full employment next year if the package is approved.
In Europe it hits a new record during the day Frankfurt, which, however, flattens out (+0,02%) near the closing date. Dialog Semiconductor it snatched 16,7% after Japanese chip maker Renesas Electronics agreed to buy the German firm, in a 4,9 billion euro cash deal. Moving from Germany to France, attention was also catalysed by Veolia Environment, which announced a full takeover bid on Suez Sa, valuing the company at 11,3 billion euros, after backing off efforts to gain the backing of Suez's board.
The session is in progress for Paris +0,47% and London +0,49%, colorless Madrid.
Moscow goes up by 1,6%, while Reuters, citing two government sources, writes that Russian authorities are considering a new package of social spending worth at least $6,7 billion to address discontent over falling living standards ahead of the autumn elections.
The Asian night rally saw on the other hand the Nikkei Japan closed up 2,12%, Chinese blue chips advanced 1,5% and Australian equities finished 0,6%.
The Petroleum, which has been traveling at its highest for a year. Brent trades above 60 dollars a barrel, with an increase of more than 1%.
awakens thegold, +1,4%, 1.838,10 dollars an ounce.
On the foreign exchange market, theeuro-dollar, with the change stationed at 1.2. The South African Rand, on the other hand, is down slightly against the greenback, after the news that the country decided not to start today with the AstraZeneca vaccine, because the data would show minimal protection against the mild form of the disease produced by the South African variant of the virus . Great Britain immediately took sides in defense of the vaccine.
The Bitcoin, which quickly exceeds 44 dollars and then moves around 43.300 dollars (+13,4%). The new record bears the signature of Elon Mask, as Tesla has announced that it has bought $1,5 billion worth of Bitcoin ed seems willing to accept cryptocurrency as a form of payment. This is an impressive crescendo for the virtual currency which only exceeded 20 thousand dollars for the first time in December.
In this context, Piazza Affari rides the wave better than other European markets, favored by the fact that Draghi should soon be confirmed at the helm of the country after the end of the consultations that will continue today and tomorrow, to then report to the President of the Republic and dissolve possibly the reserve.
Leading the list are Bper +7,4%, with the shareholder Unipol +6,27%, therefore Bpm bank, +6,16%. The fuse was lit by the news that the CEO of Banco Bpm, Giuseppe Castagna, would have met Unipol's number one Carlo Cimbri in recent days to speed up the merger between the two realities.
On the Ftse Mib they shine Mediobanca +3,24% and Unicredit +2,65%, while outside the main basket the Monte dei Paschi (+19,07%), after Il Messaggero wrote that there would be four funds interested in entering the data room, namely Apollo, Blackstone, Lonestar and Hellman & Friedman. However, Intesa Sanpaolo analysts write in the daily that “the best solution for MPS would be integration into another banking group, rather than being bought by a private equity fund. We evaluate Unicredit as the best candidate”.
US fiscal stimuli ignite appetites for Buzzi +4,55%. The race for asset management securities continues, while oil services such as Saipem are well bought +3,02%.
There are only four blue chips in red: Diasorin -0,78%; Inwit -0,77%; Campari -0,21%; Amplifon -0,33%.
