Wall Street it is traveling strongly today and in the afternoon it backs up the already positive European stock exchanges. The close is up for Frankfurt +1,01%; Paris +0,84%; Madrid +0,52%. More backward London, while Prime Minister Theresa May continues to fight at home and abroad to change the agreement with the European Union on Brexit.
Business Square it is still in the pink jersey, +1,12%, 19.805, supported by bankers, but even more by luxury and industrial stocks. The newfound confidence pours over the bond and overshadows the various torments of the government, including the Tab.
Lo spread between Btp and Bund it drops to 270.80 basis points (-2,45%), the yield on the Italian 2,84-year bond stops at 0,18%. The annual bond auction is doing well, with the yield at 10%, down by 3 basis points compared to the January auction. A new test tomorrow with the sale of 7- and XNUMX-year BTPs, with a relative maximum amount content (4,5 billion).
The positive sentiment warming the markets in today's session largely comes from the US. On the one hand, the US administration has announced that President Donald Trump is willing to meet Chinese leader Xi Jinping to find an agreement on tariffs. A statement that serves as a good omen for the meeting between the American and Chinese delegations on Thursday and Friday in Beijing. On the other hand, the bipartisan agreement reached in Congress to avoid another shutdown, financing security on the border with Mexico with 1,375 billion dollars, gives hope. We are far from the 5,7 billion requested by Donald Trump to build a steel wall, but it is a step forward.
The Petroleum, Brent +1,71%, 62,56 dollars a barrel. Gold is calm, around 1310 dollars an ounce. The euro recovered some positions against the dollar and exceeded 1,13.
On the Ftse Mib, purchases are rewarding Pirelli, +6,12%, in the wake of the rival's 2018 results Michelin (+13% in Paris). It goes into orbit stm, +5,39%. Well Ferragamor +3,66; Brembo +3,%; Unipol +2,75%. Always dusting the Juventus, +2,37%, which announced the issue of a 150 million euro non-convertible bond.
The losses are fractional and limited to a few stocks. The worst is Prysmian, -1,07%, which risks a fine from the Brazilian antitrust. Pardon Campari, -0,63%; Diasorin -0,471%; Amplifon -0,55%; fca -0,32%.
Banks are up, with the exception of Bper, -0,29%, subject to some profit-taking after the rally of the last few sessions. Out of the main list it snaps Ps, +7,16%, while the top management is on a road show in London. Bank Ifis remains on the shields, +13,96%, afterwards the preliminary results.
