Effervescent day for the European markets, comforted by the rejection of the anti-euro forces in the Dutch general elections. Piazza Affari returns above the psychological threshold of 20.000 points (20.109) and jumps by 1,7%. Madrid is even more tonic, +1,82%. Fractional increases for Frankfurt (+0,61%), London (+0,64%), Paris (+0,56%). The Eurozone breathes a sigh of relief, but many reasons for concern remain, from Brexit, which also had the go-ahead from Queen Elizabeth, to terrorism. Today is a parcel bomb exploded in the Paris headquarters of the International Monetary Fund. The bond issuer of the whole area pays the price. The yield on the Italian 2,35-year bond rises to 189.90%, the spread with the Bund is 0,74 points, up XNUMX%. And the governor of the Bank of Italy Ignazio Visco turns his ears to politics: “Between us and the Germans there is no trust, our debt is at 130% and that of the Germans at 70%. Ciampi had promised that we would bring it to 60%. We have not done what we promised: it is the inability of this country to do its homework to grow rapidly and better”. However, an exit from the euro would be "disastrous". Tomorrow the government will cancel the vouchers to avoid the CGIL referendum.
Wall Street opens well tuned, but soon turns negative (the Nasdaq flat). A series of macro data below expectations and the federal budget proposal for 2018 by President Donald Trump, rejected in the bud by important Republicans, dampen investors' enthusiasm.
The euro-dollar exchange rate, at this moment, is stable on yesterday's close: 1,073. Brent is down fractionally (-0,46%), 51,57 dollars a barrel. Gold growing: +0,88%; $1229,84 an ounce.
The protagonists of Piazza Affari are financial stocks. Bper +4,98%, Banco Bpm +3,41%, Unicredit +1,6%, Intesa +0,98%, Mediobanca +1,45%, Fineco +3,78%.
generals +2,6%, after the good 2016 results and the 11,1% increase in the coupon to 0,8 euro per share. Up Ferrari, +2,78% and FCA +1,89%, the latter in the wake of the good data on February registrations in the European market. The automaker led by Sergio Marchionne, with the entire auto sector, is also well bought in New York, after yesterday the EPA declared that it will reopen a review of emissions standards. In addition, in the afternoon, FCA announced its intention to proceed with the placement of 1,7% of ordinary shares of CNH Industrial. The Placement will be directed to certain institutional investors through an accelerated bookbuilding procedure which will begin "immediately".
Still in the dust Eni +2,32%, more timid Saipem +1,03% and Tenaris +0,67%. On the shields Atlantia +3,07%. Ynap recovers +3,02%. Purchases on Prysmian 3,18%, Telecom +1,52%.
Fractional increase for Poste, +0,55%, while the rumors of a possible departure of Francesco Caio are strengthening, who would be replaced by Matteo Del Fante, today CEO of Terna, a few days after the presentation of the lists for the renewals of the boards of administration in some important public subsidiaries, by the Treasury.
Profit taking on Luxottica -0,3% and Ferragamo -0,2%.
