The European stock markets are about to end the first quarter on a high note thanks to the acceleration in consumption and oil. In Piazza Affari the main thrust comes there Telecom Italy +2,9% to 0,57 euros after that in assembly the French shareholder Vivendi has decided not to go ahead with its proposal to dismiss 5 directors in Elliott's stake which was on the agenda. In the telecommunications sector, Tiscali's jump of +9% after the agreement on debt restructuring should also be recorded. Deutsche Telekom instead dropped by 4%, dragging down the sector index: Credit Suisse reduced the title to "neutral" from "outperform".
The rise of the Stock Exchanges is favored by the resumption of trade talks between the United States and China. The Ftse Mib index recorded a rise of 0,61% above 21.200 points.
The other price lists were also positive: Frankfurt +0,8%, Paris +0,8%. London +0,27%. In Madrid +0,7% shines Inditex +1,5% on a day dominated by the recovery of the other big retailer, the Swedish H&M +15% at the opening after recording a decline in profits (-16%), but a more contained decrease than analysts' expectations.
The data on inflation in Italy is under control, up by +1,1% on the year, slightly above expectations at +1,0%.
Brent oil at 68,6 dollars a barrel, up 1,1%. Sector stocks benefit: Tenaris + 1,9%. Saipem + 1,6%. Eni + 1,2%.
Gold stable at 1.290 dollars an ounce, on the lows of the last three weeks, after -1,5% yesterday. Palladium collapses, -12% this week, weighed down by the slowdown in the auto sector.
The pound appreciates (+0,5% against the dollar): the Sun writes that the former Brexit minister, Dominic Raab, plus other conservatives aligned against Theresa May's proposal for an agreed exit of Great Britain from the European Union, have changed their minds and are ready to accept it.
Banking sector slightly up in line in Europe. National index +0,3%. Flat Bpm bank which will reduce its stake in Nexi by selling shares undergoing IPO. The payments company will sell 213 million shares. Unicredit + 0,3%. Where's Banca +0,2%. The company has agreed with the unions on 210 subsidized departures.
Among the industrialists Fiat Chrysler +0,7%, reduced production at one of its Canadian plants. The manufacturer of automotive lighting systems, Osram, has drastically cut its forecasts for the current fiscal year (September 2018-September 2019).
stmicroelectronics +2,04%. The board of directors proposes a dividend of 0,24 euros per share, the consensus was expecting 0,27 euros.
Leonardo +0,44%. During his trip to the United States, the Deputy Prime Minister, Luigi Di Maio, spoke of new collaborations between Italian companies under public control and companies in the country: it seems he referred to Leonardo-Boeing.
Recommended Salvatore Ferragamo +1,8% and Buzzi +1,4%, thanks to the double promotion of Barclays and Kepler which raised the target respectively to 21 and 23,5 euros.
Shines Salini Impregilo +2,8% on the rise after the news of the contract for the Naples-Bari high-speed line and on the expectations for the launch of the 'Progetto Italia' to create, via aggregations, a national hub in the construction sector.
