Piazza Affari updates the highs for the year and conquers 22.000 points, +0,37%, with Post +5,71% and banks on the rise. But it collapses there Juventus (-17,63%), which sees sporting ambitions and good earnings fade after the defeat in the quarterfinals of the Champions League against Aiax (which marks the all-time high in Amsterdam, +9%).
The closure is also positive for the other main stock exchanges in the euro area, despite the downward revision (+0,5%) of German GDP in 2019 and the slight decline in Wall Street: Frankfurt 0,4%; Paris +0,62%; Madrid +0,55%. In the rest of Europe: London +0,02%; Zurich +0,13%.
New York is still grappling with a wave of quarterly earnings and awaits the Fed's Beige Book by 20pm today. Well Morgan Stanley, +2,05%, after the accounts. Instead, the session was negative for health sector stocks, which fear a reform called "Medicare for all" and designed to guarantee state health coverage for a large part of the population. On the other hand, the chip manufacturers led by Qualcomm (+10,56%).
An encouragement to the markets comes from the Chinese economy, which recovered in the first quarter, +6,4% (+6,3% expected). The auto sector also benefits, fca +1,77%, despite the disappointment on the sales side at the European level. The fact that China has put the worst behind it had also supported crude oil prices in the morning, allowing Brent to update its annual record to 72 dollars, to then drop to 71,57 dollars a barrel (-0,21% ). The WTI is also negative at the moment, at 64,08 dollars (-0,17%), even if there was a surprise drop in US weekly inventories.
Gold fell to 1274,48 dollars (-0,16%).
Euro-dollar still around 1,13.
The bond is stable. The yield of the 10-year BTP is 2,62%; the spread with the Bund decreased by 0,55% to 253.40 basis points. And there is a clash in the government over the VAT increase. Economy Minister Giovanni Tria tells the House and Senate budget commissions that the increase is confirmed, in the absence of alternative measures. But the two deputy premiers deny it.
The blue chip queen of Piazza Affari is Poste, which benefits from a favorable report from Mediobanca. Among the banks they shine Ubi, +3,67% and Bper +2,65. The Modenese bank, which took over Unipol Banca in recent weeks, wants to further develop externally and knows it can count on the Bologna-based insurance giant, its shareholder.
Recover Prysmian +4,09%, which finds the right intonation following the announcement that year-end ebitda is confirmed, even if the company has decided to make provisions both for the problems related to the WesterLink cable and for compensation claims Antitrust damages.
On the sales side, the Juventus bubble burst, growing by 171% in the last 12 months, reaching 20 times its assets and more than Manchester United (4 times) which is the largest listed football club in the world.
Sales hit hard too Amplifon -3,65% Diasorin -3,68% Recordati -1,66%. Out of the main list nexi, +0,71%, raises his head a little, after yesterday's debut in great decline.
