It beats the sluggish Piazza Affari, on the eve of the long weekend of 25 April, during which the doors of Palazzo Mezzanotte will however remain open. By midday, the Milan Stock Exchange is the worst in Europe, dropping about half a percentage point below 22.000 points. The losses of the other lists were more contained, while Frankfurt is even traveling in positive territory. However, one of the negative signals of the day comes from Germany: in fact, the confidence of German companies deteriorates and this is certified by the performance of the Ifo index which, in April, stood at 99,2, down on the level in March, when it stood at 99,6 (98,5 in February).
Europe therefore does not follow the positive trail of Wall Street, while the season of quarterly reports continues: it is precisely the accounts that bring at the top of the Ftse Mib Stmicroelectronics, which gains 12% after 2,4 to about 16,4 euros per share: in first quarter the company saw its net profit drop by 25,4% and its turnover by 6,7%, but the guidance provided foresees an acceleration in revenues in the second half of the year and has convinced investors. On the Ftse Mib, the best stocks are the industrial ones: Buzzi +1,4%, Prysmian +1,4% and Atlantia +0,8% also did well, while the banks are struggling. The worst is Ubi -1,47%, Unicredit -0,55%, Intesa Sanpaolo -1,4%, Banco Bpm -0,5%. Mediobanca goes against the trend +0,9%.
The worst title on the list, despite theeighth consecutive championship but apparently with the disappointment of the Champions League still burning, is that of Juventus, which among other things presented the new jerseys, with wide stripes, for next season: the dark mood of investors could also be linked to the uncertainties about the future, with the coach Allegri who could leave, also downloaded by some players on social media. The share lost about 2,3% and is returning to the lows reached at the end of February, shortly after the defeat in the first leg match against Atletico Madrid, in the 1,2 euro per share area. On the podium of the worst also Diasorin and Telecom Italia.
Day of auctions on the Italian secondary market. Rising yield in the placement of Ctz: the Treasury issued 3,5 billion euro maturing on 29/06/2021, achieving a yield of 0,697%, an increase of 41 cents compared to the previous month's auction. Demand was good, standing at 5,3 billion euros, with a supply-demand ratio of 1,53. 909 million of the 15-year BTp indexed to euro area inflation were also assigned: the 24th tranche was issued with a gross yield of 1,93%, down 31 basis points on the previous auction. The auction regulation falls on March 29th.
Lo Btp Bund spread is increasing to 266 basis points, with the ten-year BTP yield rising to 2,68%. The euro depreciates against the dollar, to 1.12129. Stable gold around 1.272 dollars per ounce, while oil slows down slightly, after the rally of the previous sessions, triggered by the positions taken by the United States on the sanctions on Iran: the Wti is worth 66 dollars a barrel, Brent resists above 74 dollars a barrel
