Positive start to the week. European stock exchanges confirmed the morning's rises in the afternoon and closed with sustained gains. The best is the Ftse Mib which rises by 3,52% with the Btp-bund spread closing down at 135 basis points and a yield of 1,53%. Followed by Frankfurt +1,98%, Paris +1,79% and London +1,47%. If fears about Brexit are pushing the pound down across the Channel, especially after the mayor of London Boris Johnson was in favor over the weekend, the purchases on the price lists came in the wake of the leap in Shanghai (+2,35% at the end ), supported in turn by the removal of the president of the market regulation authority Xiao Gang, requested by numerous investors for the mismanagement of the recent stock market crisis. The new number one of the Chinese Consob is Liu Shiyu.Positive closures also for the Hong Kong Hang Seng index (+0,93%, which compensates for Friday's losses) and for the Tokyo Stock Exchange's Nikkei (+0,9 %).
Meanwhile, to give further impetus, Wti oil runs higher by 6,8% to 31,66 dollars a barrel and Wall Street opened positive. The Dow Jones rose 1,31% and the S&P500 1,23%. Purchases on Intel after the announcement of the alliance with groups in the telecommunications sector for the development of 5G, on oil stocks and also on banks. However, a Goldman Sachs analyst said that the annual stress test, carried out by the Fed since 2011, could be more severe this year, which could limit the plans of financial institutions to increase dividends and buy back their own securities.
On the macroeconomic front, the manufacturing index calculated by the Chicago Federal Reserve recovered ground in January. The figure rose to +0,28 points from -0,34 in December (data revised from the initial -0,22). The three-month average improved to -0,15 from -0,30 in December's reading.
The PMI manufacturing index in the United States instead fell in February to 51 points from the 52,7 of the previous reading (Markit).
In the Eurozone, in Germany the PMI manufacturing index also elaborated by Markit was found, in the figure released today, down to 50,2 in February from 52,3 in January, the lowest level for 15 months. The euro-dollar exchange rate dropped 1,02% to 1,1017.
A Piazza Affari purchases reward Bper +10,14% at 5,095 euros after also being suspended in a volatility auction, thanks to Goldman Sachs' confirmation of its inclusion in the list of favorites and also the return of attention to aggregations after the president of Creval (an institution targeted for months of Modena) further underlined his favor for alliances are the basis of the strong increase. Also highlighted were Banco Popolare +8,05%, Ubi Banca +7,96% and Unicredit +6,95%. Oil pushes Saipem +5,84%. Eni also increased (+3,61%), following Egypt's go-ahead for the Zohr development contract, which sanctions the start of development of the gas field located in the Shorouk concession, offshore
Also in the spotlight Telecom Italia +5,5% in the wake of further purchases by Vivendi, which rose to 22,8% of the capital and increasingly the largest shareholder, Mediaset +1,48%, again driven by Vivendi's interest in Mediaset Premium and RCS +2,55% on the day that sees the board of directors meet to examine the preliminary results of the publishing group.
There are no Ftse Mib stocks that close the session in negative territory. On the Star they closed in negative territory, at the bottom of the basket: Panariagroup -2,35%, Openjobmetis -2,26%, Moleskine -1,3%, Sesa -1,08%.
