I European markets take a breather today, after the new highs reached in the previous session driven by US inflation slightly below expectations. The closing is so little moved in the Old Continent, while Wall Street does not yet seem satisfied with gains. After a timid start, in fact, the DJ salt of 0,35% and reaches 40 thousand points for the first time in history. They are also moving at record levels S & P 500 (+ 0,3%) and Nasdaq (+0,3%). Still providing support to risk appetite is the hope of a more dovish Fed than feared in 2024. This prospect is strengthened today by higher-than-expected weekly unemployment claims
European price lists contrasted, Milan is saved
The European picture is contested, but among the slightly red-dusted price lists it stands out in positive Business Square, +0,12%, which takes another small step to 35.409 basis points. Some provided the necessary push banks and Leonardo +3,2%. Instead, back off Eni, -2,2%, with the value of the stock (14,78 euros per share) more or less aligned with the placement price of 2,8% by the Treasury, which took place yesterday with a discount of 1,7% compared to at closing. For traders this is a technical effect.
Frankfurt, which updated its top yesterday, is today the weakest place, -0,73%, between dividend detachments and unconvincing quarterly results. The losses of are weighing on the main German stock exchange bmw -6% and Siemens -6,66%, the latter after the decline in second quarter profits.
They are down fractionally Paris -0,63% and Madrid -0,56%, while London it is almost flat (-0,08%), after having reached new all-time highs in the previous session.
Counterpoint to Zurich, +0,45%, thanks to the jump in Roche +3,54% which promises a new pill against fat. In fact, an initial study showed that the anti-obesity drug from the newly acquired Carmot Therapeutics leads to significant weight loss.
Dollar recovering slightly
Il dollar raises its head after yesterday's losses, on rekindled hopes that the Fed will proceed with two rate cuts this year. The topic remains hot and still much debated, while waiting for the PCE inflation data to confirm or deny the current forecasts on May 31st, the greenback recovers slightly and the euro retreats to an exchange rate of 1,086.
Among raw material is recorded as profit taking on the , while the Petroleum is progressing: Brent +0,51%, 83,17 dollars per barrel; WTI +0,72%, 79,20 dollars a barrel.
Piazza Affari, Bper and MPS rally; splash by D'Amico
In Piazza Affari the rally of some banks in particular does not stop Bper + 3,15% Monte Paschi Bank +2,06% and Bpm bank +0,99%, while the big ones are further behind. They close a session with money Prysmian +1,31% and Classic Ferrari for sale + 1,44%.
The Telecom confirms its strength, +1,24%, in a telecommunications sector which today benefited from the leap of BT (+15,51%), star of the London session after the announcement of a halved annual profit, but the increase in the dividend. Furthermore, the prospects and a new cost cutting plan have given wings to the telephone company's share price.
Insurance is good with Unipol +1,29% and Generali + 0,98%.
Stay a little behind Snam, +0,13%, which trimmed gains late after a euphoric moment following improved 2024 guidance and good first quarter results which saw double-digit growth in Ebitda and profits.
They retreat Recordati -1,93% Stellantis -0,96% Getting very -1,99%.
Out of the main basket it collapses D'Amico -12,21%. In reality, the crash would be a technical effect after the placement by the reference shareholder of approximately 5% of the company through an accelerated bookbuilding for institutional investors, at the price of 6,5 euros per share, at a significant discount compared to the stock market closing date. yesterday of 7,7 euros.
It is appreciated Ferretti +2,46%. The Italian multinational in the shipbuilding sector closed the first three months of 2024 with a growth in profit (+19,4%) and revenues at +11,7%. 2024 guidance confirmed.
Spread, flat calm
It's quiet secondary where it spread between 129-year BTPs and Bunds is not far from yesterday's close, at 3,71 basis points. Rates also changed little: BTP +2,42%; Bund +XNUMX%.
