There are new confirmations of the slowdown in the Eurozone. Private sector activity in the euro area has slipped to its lowest level since mid-2013: gross domestic product is expected to contract by 0,1% in the first quarter. The Italian services sector is also contracting below the threshold of 50 points (the boundary between growth and contraction).
These signals do not slow down the advance of Piazza Affari, which is awaiting the bank accounts from today. The European lists are also advancing: the Eurostoxx index +0,7% marks its nine-week high.
The Milan Stock Exchange advanced by 0,8% around 19.760 points. Paris, Frankfurt and Madrid are doing better with increases of more than 1 percentage point. Stretch London +1,40% driven by the BP increase +4,5% after announcing a doubling of profits to $12,7 billion. They also stretch Eni +1%. Saipem +1,3%, MainFirst starts coverage with a target of 5,10 euros. The petroleum type Brent slightly down to 62,9 dollars the barrel. For three weeks, North Sea crude has been moving in a narrow range, just below 64 dollars a barrel, a watershed price from the point of view of graphic analysis.
On the other hand, steeply downhill ams -11% after Apple's supplier ruled out its dividend and announced first-quarter revenues to decline on weak smartphone demand. Stm -1,1%.
The council of ministers indicated Paolo Savona as new Consob president. Prime Minister Giuseppe Conte assumes the interim ministry of European affairs, so far led by Savona.
The BTP trades at 2,73%, from 2,75% at the beginning of the session. Euro down to 1,141 against the dollar. At the center of the attention of the markets are the banks: Intesa rises after the publication of accounts and Fineco +1,12% awaiting the Board of Directors on the 2018 financial statements.
Bfor +1,44%. Unipol Banca should be sold by Unipol to Bper Banca for €200m, writes Corriere della Sera. In the past, a higher figure had been circulated in the newspapers. Unipol Banca would be valued at 0,35 times the book value.
Sale Ubi +3,02%: the shareholders' agreement on 12,5% of the capital has been extended for another three years.
It starts again FCA +1,34% after braking following registrations.
in the rest of the list little move Gedi +0,28% after the appointment of Carlo Verdelli to the direction of La Repubblica. Declining Rcs -2,43
