In line with the futures data, the stock exchanges opened the last session of the week with a sharp rise anticipating the bullish start of the US markets. The prospect of a recovery of the US economy, in line with what is already happening in Germany, clearly prevails over the record contraction of the Chinese GDP in the first quarter, which fell by 6,8%. Piazza Affari rises by 3% in the middle of the day, above 17 points.
Gallop Paris +3,5% under the pressure of luxury driven by the recovery of Chinese shopping: Lvmh rises by 5,2%, Kering, parent company of Gucci even by 7,6%. Airbus did even better, up 8,8% after US rival Boeing said it would resume production of commercial aircraft next week. Same atmosphere in Frankfurt +3%, Solid recovery also in Madrid +2,7% and London +3%.
The BTPs moved little: yield at 1,79%, -3 basis points. The Treasury announced yesterday evening that it will launch the new Btp Italia on May 18, which will finance the expenses of the recent government measures to support the health care system and the economic recovery: according to Reuters, the executive sees the deficit this year rising to 9 or 10% of GDP as a consequence of the coronavirus, taking into account the recession and the set of expansive measures.
Profit taking on safe-haven assets. Gold is down 1,4% to $1.699. The 0,67-year Treasury Note weakens to 4% yield, up 28 basis points. Brent oil is trading around $XNUMX while the WTI falls below 19 dollars a barrel. Eni +3%, Saipem +1,8%.
The rise in price lists does not involve Diasorin -6,6% the only company up in recent days. The news that Lodi's rival, TechnoGenetics, has mandated its lawyers to move to several locations: from Consob to the Public Prosecutor's Office up to the Competition Authority against the Saluggia company chosen by the Lombardy Region with direct assignment to experiment serological tests for the identification of coronavirus positivity in the regional territory. Thanks to his serological test, the stock has gained 32% on the stock market in the last three months, +20,18% in the last week alone.
Lvmh's run in Paris infects Moncler +5,7% and Ferragamo +3,2%. Strong recovery Unicredit +5,6%. Azimuth +2,8%. Mediobanca +4,8%: the European central bank has softened the parameters relating to investment banking activities, the amount of compulsory reserves to be held for certain transactions has been reduced.
Nexi +1,5%. It successfully placed an equity-linked senior secured bond maturing in 2027 for an amount of €500 million. The bonds have an annual coupon at a fixed rate of 1,75%, detached every six months. The Agnelli group also lengthens. Exor +4,7% which, in the wake of the green light from the US Antitrust, finalized the 200 million dollar investment for an 8,87% stake in Via Transportation.
Cnh Industrial rises by +5,7% after reached an agreement with the unions on the safety guidelines in preparation for the production resumption. Fiat Chrysler +6%. Atlantia +5,7% and Buzzi +5% rose.
Strong growth also Stm +5,4%: Nvidia communicated that the Chinese authorities have approved the acquisition of the Israeli Mellanox Technologies, $6,9 billion deal which had already received the green light from the United States and the European Union.
