The new highs reached by Wall Street at the start have a positive effect on European stock markets, which recover some confidence in the afternoon and close slightly higher. They are pale green Frankfurt 0,1%; Paris +0,21%; London +0,17%. Flat Madrid, grappling with political uncertainty after the election, where the socialists won but do not have a clear majority.
Business Square it rose by 0,23%, to 21.788 points, thanks to the banks, after the confirmation of the 'BBB' rating – with a negative outlook on Italy from S&P. Although expected, the decision favored purchases on Bpm bank + 3,6% Ubi + 3,48% Unicredit + 2,4% Understanding +2,06%. For the same reason, the bond market closes a rising session: the yield of the 10-year BTP falls to 2,58% and the spread with the Bund it is down to 257.90 basis points (-2,56%). In the morning the performance was better, but as the hours went by the positions adjusted in view of the medium-long term auction at the end of the month. Tomorrow the Treasury is offering an amount between 5,25 and 6,5 billion euros. In detail, the third tranche of the 5-year BTP July 2024 coupon 1,75% will be reopened for 2/2,5 billion, the fifth reopening of the 2029-year BTP August 3 2,5% for 3/2025 billion, and the seventh of the CctEu January 750 for XNUMX million/one billion.
Returning to the Ftse Mib: the Juventus he's back in the black jersey, -1,99%; profit taking goes into the red Fineco, -1,87%; below Terna -0,93%. Countered the energetics: Eni loses 1,59%, while Saipem rebounds +1,37%. Brent yields 0,18% and drops to 72,02 dollars a barrel.
Euro-dollar slightly favorable to the single currency, in the 1,16 area, even if the economic sentiment in the euro area dropped in April for the tenth consecutive month to the lowest level in the last two years. In the USA, on the other hand, today's macroeconomic data show that consumer spending in March jumped like it hasn't happened since August 2009 (+0,9%) but personal incomes rose less than expected (+0,1%) and l inflation has remained at a standstill. This may justify a still patient attitude on interest rates by the US central bank, which is holding its meeting tomorrow and the day after. In the meantime, trade negotiations between the US and China are restarting, tomorrow in Beijing and then in Washington next week. For US Treasury Secretary Steven Mnuchin, an agreement "could be closed in the coming weeks".
In New York, investors are waiting for these events, while the long series of quarterly reports continues: this evening it's the turn of A (+0,02%), the Google holding company, while tomorrow it will be the turn of Apple Lossless Audio CODEC (ALAC), (+0,3%). In the American morning, the session is cautious but positive, with the Dow Jones on par, while the S&P 500 and Nasdaq Composite reach new highs after closing last Friday on record levels.
THEgold it moved down to 1278,66 dollars an ounce (-0,59%).
