Tariff tightening loosens its grip and markets breathe, opening the week higher after Donald Trump said he is ready to postpone the deadline for the hike and meet with Chinese authorities for a final trade deal. However, oil is sinking, with the US president halting OPEC.
Business Square it closed at the top in Europe, +0,86% and at the highest for the year, 20.436 points, driven by the banks. The sector celebrates the confirmation of the sovereign debt rating by Fitch and benefits from the resulting positive effect on the spread. The Italian 2,77-year yield falls to 265.40% and the differential with the Bund falls to 3,74 basis points, -XNUMX%. Measures are also taken with the results of the electoral vote in Sardinia, where the 5-star movement collapses, while the economy minister Giovanni Tria labels the hypotheses that Europe asks Italy for a corrective maneuver as "folly".
The other European lists are more backward, Frankfurt + 0,42% Paris + 0,31% Madrid in parity, London + 0,09%.
wall street, after a rising opening, it maintains its good pitch and deals with M&A operations. General Electrict Gains nearly 10% on announcing the sale of its biopharma assets to Danaher for $21,4 billion in cash. Canada's Barrick Gold, on the other hand, backed off slightly with the launch of a hostile takeover bid for American shares Newmont Mining (-1%), which in turn is trying to buy the Canadian company for 10 billion goldcorp (-1,21%); the merger would create a mining giant.
THEgold it stands at the window of the upper floors in the area of 1327,18 dollars an ounce. The Petroleum, like Brent, yields 3,02% and falls to 65,09 dollars a barrel; Wti -3,02%, $55,53. “The price of oil is getting too high – tweeted the US president – Opec, please, relax and calm down. The world is fragile, it cannot face soaring prices”.
Euro slightly recovering against the dollar to 1,134.
In Piazza Affari the best performing blue chips are banks such as Ubi, +4,82%; Bpm bank +3,45%; Unicredit +2,93%; Understanding +2,08%. Technological and industrial assets: Brembo +2,95%; stm, +2,86%; Prysmian + 2,39%.
At the bottom of the Ftse MIb: Juventus -1,06%; Buzzi -0,79%; Diasorin -0,59%; Eni -0,5%; Exor -0,39%.
Outside the main price list, it takes off Creval (+10,63%), supported by speculation after the announcement of replacement at the top.
Among the minor titles Whitehand marks +49,86%, after the awarding of a three-year contract worth approximately 12 million euros. positive Interpump +1,34%, which signed a binding agreement for the purchase of 75% of the Canadian Hydra Dyne Tech for 17,2 million euros.
