Business Square picks up speed and is about to close the last session of the week at its highest level since January 2017. The Ftse Mb index rises by around 0,55%, over 21.600 points, the best European stock exchange ahead of Frankfurt (+0,14). The other markets are almost flat.
Brake the European industrial production in March (-0,1%), but there are signs of overheating of the economy: German inflation records an increase of 2% on a trend basis.
Little moved i government bonds. 0,41-year Bund 2,25%, Btp 1,087%. During the day, the amount of the guaranteed minimum coupon of the next Btp Italia will be communicated. The euro appreciated slightly against the dollar to XNUMX.
Recovery stopped this morning Petroleum: Brent flat at 50,8 dollars/barrel.
Eni + 0,2% Saipem +0,2%. The online newspaper Upstream reports that the Italian group would be in pole position to win two offshore E&C contracts for a total of 400 million dollars in the country. The assignment is expected within one to two weeks. Tenaris -0,8%.
The banking sector is in great shape: the index marks +1,68%. It stands at the top of the main basket Bpm bank, which increases by about 9%, to 2,87 euros. The rally is related to first quarter accountsresults above expectations. Brokers particularly note the recovering and better-than-expected interest margin and the strong fee figure.
Purchases are also reported on Unicredit (+2,46%), which extends yesterday's increases in the wake of the better-than-expected quarterly. Two brokers improved their price targets and Deutsche Bank added the bank to its top picks of European banks. Equita raised the target price to 19,2 euros, confirmed the Buy rating.
It also advances Intesa Sanpaolo (+0,3%). This morning Barclays raised its target to 3,05 euros from 2,70 euros. Overweight judgment confirmed. Bper Banca +2%, Ubi Banca +0,7%.
Credit Emiliano it rose by 4% following the presentation of the data for the quarter, higher than analysts' estimates. Mediobanca, on the other hand, is slowing down (-1%), yesterday the share hit its year high. Equita downgraded the stock to Hold da Buy.
Among the insurance Unipol Sai -0,8% ed Unipol +2%. Flat Generali. Well the managed: Azimuth salt of 1,3%, Fineco Bank of 2%
Among the utilities they advance Snam +0,5% ed Italgas +1,2%. Weak Enel (-0,4%) after quarterly results announced this morning. The group still considers the Brazilian market to be interesting, where it recently completed the acquisition of Celg, and therefore could make some other purchases. In Europe, small companies in the renewable energy sector are targeted.
Among the industrialists stm +1,5% the day after the investor day. Fiat Chrysler + 0,3%. Brembo -1,7%: Kepler Cheuvreux cuts Hold from Buy, but raises the target price to 75 euros from 69 euros. Prysmian (-1,7%) is starting to close the worst week since November.
Outside the main basket, Cementir -6%. salt D'Amico (+4,6%) on the day on which trading of option rights for the capital increase ends.
Retelit (-0,9%) closed the first quarter of 2017 with revenues growing by 9% to 13,6 million euros. Ebitda grows to 4,2 million euros (+22% compared to 2016). Net profit at one million euros, doubled from 500 thousand euros a year ago.
