European stock exchanges overcome uncertainty and end the session higher. Piazza Affari moves into positive territory driven by the banking sector which is highlighted on the Ftse Mib. Closure in positive territory also for the other main European lists: Paris +0,56%, Frankfurt +0,69% while London closes around par +0,08%. The Btp Bund spread closed slightly higher at 124 basis points and a yield of 1,4%.
In anticipation of tomorrow's meeting of the ECB (from which, however, no particular announcements are expected), the markets regained their tone in the wake of the data on oil inventories which, although on the rise, turned out to be better than expected. Indeed, weekly US crude inventories rose by 2,1 million barrels, against estimates of around 3 million.
Wti rose by 1,73% to 43,23 dollars a barrel and Brent by 2% to 44,92 dollars a barrel. At the same time, US existing home sales rose more than expected in March. The indicator of the National Association of Realtors (Nar), recorded a rise of 5,1% to 5,33 million units against expectations for a +4,3%.
On Wall Street the indices, after a smooth start, are traveling in positive territory with the S&P500 which has updated its highs since November. The euro/dollar exchange rate is down at 1,1323. Then the quarterly season continues with Coca Cola which beat the forecasts despite the drop in profits and turnover.
At Piazza Affari, bankers in general and Unicredit +4,61% in particular benefit from the expectation for the imminent go-ahead from Consob for the capital increase of Popolare di Vicenza and from greater confidence in the resolution of the non-performing loan node following to the creation of the Atlante fund. Unicredit is relieved of the burden of assisting in the capital increase of Popolare Vicenza, transferred to the Atlante fund. If, as appears extremely probable, the capital increase aimed at the IPO of Banca Popolare di Vicenza will not be covered entirely by the market and will therefore see the intervention of the Atlante fund, the price at which the entire operation will be carried out will be 0,1 .0,1 euro, the minimum value of the range indicated by the board of directors (3-6,14 euro). The Bmps rose by 3,22%, the best stock of the Ftse Mib, Ubi Banca +3,19% and Mediobanca +XNUMX%.
Still in evidence also Cnh +3,46% and approximately +13% since the announcement of possible acquisitions in the future). Luxury down with Ferragamo -2,52%, worst title of the Ftse Mib and with Moncler -1,85%. Among the worst also Atlantia -1,02%, Stm -0,96% and Unipolsai -0,69%.
Rcs Mediagroup lives a day on the roller coaster influenced by the declarations of some strong shareholders on the Ops launched by Urbano Cairo to then close on parity. Shareholder Diego Della Valle (7,325%) broke his silence by stating that he does not belong to any block within the Ops in Cairo and specifying that possible alternative plans with mergers are only fantasies. "Cairo is a publisher by profession, he questions himself, invests a part of his capital and if he deems it right to attempt this operation he has my full understanding", he added, specifying that "obviously operations can be attempted but then they must succeed and I I seem to have understood that the value of the operation is not fair”.
Sales on Ovs -3,94% which in any case recovered from the lows of the day after the main shareholder, the Coin Group, sold approximately 10% of the capital on the market to institutional investors at 5,68 euros per share. Rally debut for Smre at Aim Italia: the engineering company's shares show +21,52% on the first day of trading.
