The abacus leaves some doubts, but the markets have already voted: Mario Draghi is the most convincing answer, if not the only one, to the crisis that has affected the politics of the Bel Paese, or the only guarantee for a solution up to the expectations of the Recovery Fund. “We have the extraordinary resources of the European Union” Professor Draghi immediately underlined.
At 13, even before the end of the talks between the former president of the ECB and the Head of State which ended at 13 and 15, the spread against the bund stands just above 100 points (103-104) on the lowest since March 2016 on the wave of conviction that Saxo bank summarizes as follows: "It is the last chance to avoid dangerous delays on the Recovery Fund" while the 0,57-year yield slipped to XNUMX%.
Also up sharply Business Square, up 2,6%, after the initial leap to +3%. The increase is much more robust than the rest of the Old Continent, however in positive territory: from London +0,33% to Paris +0,36% and Frankfurt +0,68%) the indices reflect the excellent results of the Wall Street big names starting with Amazon's performance.
Leading the price list race are the banks, electrified by the drop in the gap between Italian securities and the German benchmark: Unicredit rises by 5,5%, the progress of around 5%. Intesa Sanpaolo e Bank Bpm.
The insurance companies that reflect the increase in the value of bond values are making a big splash: Unipol +4%. Poste Italiane +4,5%. Nexi +1,7%.
According to Bank of America, the financial sector could go up by a good 30%.
Euro dollar at 1,202, on the lows of the last two months. Markit's PMI on Eurozone services purchasing managers' expectations rose to 45,4 from 45 in January, slightly more than consensus expectations. They keep going up inflation expectations, with the German ten-year breakeven rising to 1,12, a level not seen since December 2018.
Plus sign also for service companies. salt Tim +2,6%. English Vodafone, the second telephone operator in Italy, released the data for the quarter: in January there were signs of an improvement in the competitive scenario in Italy. The stock is up 3,5% on the London Stock Exchange.
Enel +2,4%. It has a potential of 25 billion euros of additional investments it could make in Italy under the Recovery Fund. This was stated by Enel's head of sustainability and institutional affairs Fabrizio Iaccarino yesterday during a parliamentary hearing.
Atlantic +4%. In an interview with Il Sole 24 Ore, Jonathan Amouyal, partner of the activist fund TCI, shareholder of the infrastructure group, defines the proposal of the consortium led by Cassa Depositi e Prestiti to acquire 88% of Autostrade as unfair, reiterating that this share is worth 11-12 billion euros.
