After a day of ups and downs, Piazza Affari closed in the red, -0,35%, 18.819 basis points. The banks oppose, but Unicredit grows by 1,14%, while the games for the exercise of the rights for the capital increase are closed. The BTP-Bund spread is down (-2,24%), but continues to hover around 200 points, with the Italian 2,22-year yield at XNUMX%. Political concerns remain in the Eurozone and Italy is paying a higher price for its uncertainties. Moody's warns: “The growing risks at the political level represent the most serious threat to the recovery of the European economy even if the probabilities of a new crisis are contained, at least in the short term, as are very low those of an exit of Italy and France from the Eurozone”.
The other continental markets were also weak, with the sole exception of Madrid which closed shyly up at +0,17%. Minus sign for Frankfurt -0,42%, London -0,42%, Paris -0,09%. Wall Street opens mixed, with the Dow 30 grabbing yet another record, after the new high reached yesterday. There is confident expectation for a "really significant" tax reform by August, while it is still unclear when the Fed will make another rate intervention. However, someone warns of the bubble danger for the New York Stock Exchange and in his commentary to customers, Murray Gunn, chief technical analyst of HSBC, launches a "red alert", due to the price movements that have occurred in recent weeks, warning of the possibility of a collapse.
Brilliant session for oil: Brent +1,36%, 56,06 dollars a barrel. Gold is also moving: +0,88%, 1248,55 dollars an ounce. Fractional recovery of the euro against the dollar (+0,22%), still around 1,057%.
Returning to Milan: the Ftse Mib today is struggling to find a precise direction. The best share is Telecom, +1,51%, in the wake of the fact that from April 28 the consideration for fixed network offers and services will be calculated on the basis of 8,6 days and no longer on a monthly basis, with an increase in the price of the '0,35%. Moderately positive session for Eni, +3,7%, driving the rise in oil prices. The crude oil party, on the other hand, does not affect Tenaris, the black jersey among the blue chips, -2016%, which yesterday cut its 2,78 dividend and provided a weak outlook for the current year. Massive sales on Fiat, -2,85%; Cnh -3,04%; Buzzi -1,06%, Italgas -3,05%. Ynap Splash -XNUMX%.
Financials today travel in no particular order: Unicredit shines, +1,14%, on the final day for the 13 billion capital increase, which, according to some commentators, should register an almost complete subscription. Bper forgiveness -1,78%, Banca Mediolanum -1,1%; Ubi -1,29%; General -1,03%. Recover Bank Bpm +0,61%.
Stm still tonic, +0,92%, thanks to the promotion of analysts and after the announcement of a partnership with Sunpartners Technologies. Negative Ferrari -0,16%, positive Luxottica +0,55%: the two strengthened their collaboration by signing a multi-year licensing agreement for a specific range of eyewear products distinguished by the Ferrari and Ray-Ban brands.
Among the minor titles: a euphoric day for the Leone Film Group (+7,31%), which has three films nominated for the Oscars for as many as 22 statuettes. Stellar Italia Independent +23,45%. The prices could benefit from the presentation of the new “Classic Fusion Italia Independent” watch collection produced in partnership with Hublot.
