Central banks' worries about global economic prospects are holding back stock markets and Wall Street, after a good start, goes into the red. Business Square closed flat (+0,06%, 21.684 basis points), after various ups and downs, weighed down by Prysmian (-8,19%) and supported by the banks, which caught their breath during the session. Well Unibelievet +0,54% e Intesa Sanpaolo +0,59%, who call themselves out of banking combinations in Europe. leap of Ps, +8,55%, in perspective instead of possible aggregations. Shine luxury with Ferragamo +4,38% and Moncler +1,7%, following the leap of lvmh (+4,6%) in Paris after the accounts for the first quarter. Positive day for bonds, after the full auctions in the morning. the 2,51-year yield falls to XNUMX%; the spread with the German Bund of the same duration, it fell to 251.70 basis points (-2,63%).
The brightest European square is Paris, +0,66%. Fractional earnings a Frankfurt +0,25% and Madrid +0,41%. Puzzled London, -0,05%, after the extension granted by the European Council for Brexit: the new deadline will be October 31 of this year. In fact we remain in midstream and it is not yet known whether the British will vote in the European elections, but at least the chaos of a no-deal exit tomorrow has been avoided. Sterling unchanged.
On the currency front, also the exchange rate euro dollar it is little moved, around 1,126.
Wall Street struggles: the earnings of the banking sector, in view of the quarterly results, are offset by fears linked to the warnings of the Federal Reserve, whose minutes of the March meeting, published yesterday, reinforce the thesis that the central bank wants to maintain interest rates interest unchanged until the end of the year. The reason is uncertainty about trade policies and financial conditions.
On the macro front, US jobless claims fell to a 50-year low last week.
Il Petroleum it deflated slightly, with Brent at 71,34 dollars a barrel (-0,54%); gold moves away from 1300 dollars, moving just above 1294 dollars an ounce.
In Piazza Affari it bounces Cnh +2,43%; Well Ubi +1,74%. There Juventus, +0,94%, updates the highs and improves yesterday's performance despite the draw with Ajax.
On the downside, Prysmian collapsed after postponing its shareholders' meeting to April 17 and announcing that delays in repairing the WesternLink cable will weigh 60-80 million euros on 2019 adjusted EBITDA.
Saipem, -2,7%, corrects again after the recent increases.
Telecom, -1,86%, is among the worst. It is hypothesized that the origin of the sales is the indiscretion of Sky Italia's entry into the fixed telephony market, expected at the end of the summer, although analysts do not see a disruptive impact for Tim, as it is already included in the estimates.
Weak utilities, after the progress of the previous day, Terna -1,14%.
