The good Chinese macroeconomic data in the morning boosted European stock markets which confirmed the gains at the end. He redeems himself after yesterday's performance the Ftse Mib which closes up 4,13% again above 18 thousand points, with the banks in recovery at the top of the main basket: Mps +11,77%, Bper +11,47%, Unicredit +10,6%, Ubi Banca +8,89%, Intesa Sanpaolo +8,31%. No blue chip has closed in negative territory.
The Btp-Bund spread closed down at 117 basis points and a yield of 1,31%.
lThe Treasury today assigned 3,5 billion BTPs over 3 years with a yield of 0,05% returning to positive territory. Demand stood at 5,1 billion. The 7-year BTP was issued for 2,75 billion and a yield of 0,82% with demand for 3,7 billion and the 15-year BTP was placed for 705,9 million and a yield of 1,71 %. The 30-year BTP was placed for an amount of 1,294 billion. The yield was 2,49% and the demand was 1,847 billion
Decisive increases also for Paris +3,32%, Frankfurt +2,71% and London +1,93%. The positive climate also affects Wall Street where the Dow Jones rises by 0,87% as the quarterly season has begun. Purchases on JpMorgan which today presented quarterly results better than expected. The other banks, Goldman Sachs, Morgna Stanley and Citigroup also benefit. On the macroeconomic front in the US retail sales in March fell by 0,3%, below expectations and producer prices by 0,1%, still below expectations.
On the other hand, it tracks oil after a 13% increase in the previous three sessions. Wti dropped 0,85% to 43,13 dollars a barrel and Brent 0,22%. The dollar strengthens against the euro and drops below 1,13.
In China, exports in March reversed course returning to growth for the first time in nine months and with an increase of 11,5%. The figure eased fears about the situation of the second largest economy on the planet.
In Piazza Affari Mps celebrates the rumors of the Sole 24 Ore on the imminent sale of non-performing loans for 220 million. The banking sector more generally benefits, after the uncertainty linked to the effectiveness of the new Atlante fund, from a greater confidence in the resolution of the issue of non-performing loans. "The measures taken by the private investors of the Atlante Fund and the Government's provisions on bankruptcy law will be decisive for the revitalization of the banking sector", said Economy Minister Pier Carlo Padoan, in an interview with "Il Sole 24 Ore". According to Padoan, the Atlante Fund should not incur the rejection of the EU and the ECB. And on the problem of bank non-performing loans, he announced that he is working "to anticipate by decree some provisions contained in the enabling law being examined by Parliament in the field of bankruptcy law. If credit dispute times are more than halved, the market value of non-performing loans benefits."
Generali rises by 3,81% above the 13 euro threshold after the purchases of Caltagirone and the buy of Kepler. Yesterday evening, with the markets closed, it emerged that Caltagirone, following the purchase of 500 thousand shares, has reached 3,003% in the capital of the insurance company.
Mediaset +4,51% after Socgen raised its buy recommendation. Telecom Italia +3,27%. Rcs -1,81% after the board rejected Cairo's offer judged at a significant discount.
