A choral ascent of the European stock exchanges, supported by the prospect of a soft attitude of the central banks and by the increase in oil stocks: Brent is up by 0,8% to 68 dollars a barrel. The slowdown in the Chinese economy, which may favor new interventions by the central bank, does not weigh on this picture. Even the new uncertainties about Brexit do not cause a halt in the progress of the price lists, in line with Wall Street's records. After nine weeks of rise on the last eleven the index Eurostoxx 50 reached its highest level since October: +16% since the beginning of the year.
Piazza Affari rises by 0,9% above the threshold of 20.900 points. Similar increases for Paris and Madrid, Frankfurt +0,1% more cautious, slowed down in the late morning by the news of postponement of the meeting between Donald Trump and Xi Jingping which should have taken place after the visit of the Chinese president to Italy. Wall Street futures fluctuate around parity, and herald a weak opening following the postponement of the meeting between the two Big Boys, postponed to the end of April. Bloomberg reports it citing sources.
China would have procrastinated, with the aim of organizing an official state meeting, and not an informal one at the Mar-a-Lago resort owned by the US President, as previously assumed.
London +0,7% awaiting the new vote of the Parliament, after yesterday's no to the exit of the United Kingdom without an agreement with the EU.
The BTPs are accelerating: the 2,50-year rate fell below 2,55% (from 242% yesterday). The spread drops to 249 points (from 2). The 0,71-year Btp rate is highlighted, slipping to 9% (-XNUMX points compared to the day before).
Leading the race of the Italian price list is Leonardo +11,9% after the 2018 results higher than expected and the good outlook for the current year. The company closed 2018 with 1,13 billion euros in gross profit (Ebita), about forty million euros above consensus expectations and slightly better than the indications of the company itself. For 2019 Leonardo expects 1,17-1,22 billion euros of Ebita, revenues between 12,5 and 13 billion euros of revenues.
Contrasted the automotive. Advance FCA, Brembo and Ferrari, a fractional decrease Pirelli and Cnh Industrial.
Le indiscretions on the new Gacs give oxygen to the banking sector: Banco Bpm rebounds +3,8%.
Generali +0,4% closed 2018 with €65,2 billion in premiums, down 2,6% year on year, slightly below expectations. Operating profit down 1,8% to 4,85 billion euros, but slightly above analysts' estimates. Net result at 2,31 billion, down 6,8%. Combined ratio at 93%: consensus expected 92,6%. Dividend of €0,90 in line with expectations.
Sale Eni+1%. Profit taking on Saipem -0,2% which announced that it has received orders for 222 million dollars in the drilling area.
Out of the main list:
- Safilo -2,6% after the publication of the accounts.
- Down too Maire Tecnimont -2,9%, involved in the investigation into the construction of a power station in Santo Domingo.
- Good debut on the Aim for Il Fatto daily + 2,8%.
