Boom of purchases today on European lists, which close sharply higher, while Wall Street travels in contrast in the first hours of trading. The markets of the Old Continent are celebrating the approval in the Senate of the 1900 trillion dollar Biden plan, which sent American stock prices flying in the finale on Friday. There is also a bet on the fact that the extensive vaccination campaign underway in all countries will knock out Covid-19 and boost the economy. The most feared unknown remains inflation, a specter that has been hovering around the markets for some time and which is keeping government bonds under pressure. Even today, the yield on the ten-year US bond is approaching +1,6%.
Among the most dynamic sectors of the day in stocks are banks, cars, tourism and oil. In the US, the technology index is more backward, which gained a lot in the midst of the pandemic, while the competition from bonds has been suffering for some weeks.
Business Square closes with a gain of 3,12% and leaps to 23.681 points, after a run on the new stiletto heels of Exor (+5,09%) and with an Agnelli galaxy in great shape. Cnh (+7,56%) intends to enter the business of self-driving electric tractors and is galvanized by the prospect of economic recovery in the USA, a country to which the company is highly exposed. The speculations related to the sale of Iveco also remain. stellantis (+5,86%) celebrates the go-ahead from the shareholders for the distribution of Faurecia shares. Exor instead announced Christian Louboutin's entry into the capital, the well-known shoe brand, recognizable by their high heels and red lacquered sole. This is the purchase of a 24% stake for 541 million euros. “Over the years I have admired Christian's talent in creating one of the great independent global luxury brands in the world – comments the president of Exor John Elkann – today we are thrilled to join him, to work together to accelerate the development of this ambitious agency". Luxury pleases the family safe, which recently announced an investment of around 80 million euros in Shang Xia, a Chinese fashion and design company founded in 2010 and grown thanks to the help of the French group Hermes. This predilection for the world of luxury has also favored a series of rumors about the choice of the future CEO of Ferrari (+4,2%), which could be chosen in the fashion sector rather than in the automotive sector. Among the names circulated are those of Marco Bizzarri, number one of Gucci, a brand of the Kering group, Stefano Sassi, former CEO of Valentino, and Hans Hoegstedt, former CEO of Miroglio fashion and currently CEO of Tom Dixon studio. According to Bizzarri, however, it is 'just talk'.
In the top ten of the day Inwit, +5,61%, after the recent declines. Banks on shields with Unicredit +4,74%; Bper +4,21%; Understanding +3,35%; Bpm bank +4,04%. The latter after the agreement Catholic (+1,89%) on the continuation of the partnership in bancassurance. The company also announced on Friday the board of directors' green light for the IVASS remedy plan.
Bene Mediobanca (+1,72%), with investors awaiting the moves of both Leonardo Del Vecchio and Francesco Gaetano Caltagirone.
money for Unipol +4,83%; Banca Mediolanum +4,05%; Pirelli + 4,61%.
On the Ftse Mib he only loses Diasorin, -2,47% pending quarterly results next Thursday.
Out of the basket it goes into orbit Cerved, +14,58%, on the news of advanced negotiations with the US fund Centerbridge for the sale of its debt collection division valued at around 400 million euros.
In the bond market, the trend eased slightly spread, -2,85%, to 103 basis points, even if the BTP rate remains unchanged at +0,75%. Meanwhile, Prime Minister Mario Draghi wants to speed up the vaccination campaign and the ministry of health has given the green light to Astra Zeneca serum also for the over 65s. On March 11, the European agency is expected to turn on the green light for Johnson & Johnson's vaccine.
In a video message the Prime Minister Mario Draghi he underlined that “The pandemic has not yet been defeated but, with the acceleration of the vaccine plan, a way out is not far away”.
Seeing how infections are decreasing in Great Britain, one would say yes, so much so that English schools have been reopened. In a context of greater optimism London closed with an increase of 1,31%. The euro zone is even more tonic where Frankfurt it appreciates by 3,36%, despite the bad data on German industrial production, which surprisingly dropped by 2,5% in January compared to December and by 3,9% compared to a year ago. Extensive progress a Amsterdam +1,8%; Paris +2,08%; Madrid + 1,8%.
Il dollar it remains particularly in tune and gains against the main currencies. L'euro it loses about 0,5% and the exchange rate is around 1,187.
moves in the redgold, with April 2021 futures down 1,3% to 1676 dollars an ounce. After having touched 71 dollars overnight, following the tensions in the Middle East due to the attack on some oil plants in Saudi Arabia, the price of the Petroleum and Brent is down one percentage point to $68,70 a barrel.
