Europe cautious in the middle of the day despite the new climate of détente that reigns in a geopolitical key after the secret meeting between Mike Pompeo, director of the CIA and next US secretary of state, and North Korean leader Kim Jong-un.
London it is the first in its class, with an increase of 0,7%. Up too Paris (+0,1%) while Frankfurt proceeds just below parity (-0,08%). Business Square, after a positive start, travels slightly down (-0,1% above i 23.600 points) on the day in which the President of the Republic Sergio Mattarella conferred the exploratory task aimed at the president of the Senate, Elisabetta Casellati, who will have two days to verify whether "there is a parliamentary majority between the center-right and 5Stelle, and if there is 'is an indication for a shared premier”.
In the morning, Istat released data on the turnover of industry which, in the month of February, recorded a slight increase against a slight drop in orders. Among the macro data released today, it is also worth mentioning the downward revision of EU inflation as a result of a smaller increase in fresh food prices than previously indicated. According to numbers provided by Eurostat, the consumer price index in March marked an increase of 1,3% on an annual basis, against a forecast of 1,4%. British inflation is also slowing down, reaching a year-low in March. Two figures that could complicate the management of monetary policy by the ECB and the Boe with a view to gradually raising rates. Finally, we recall that non the afternoon, the Fed will publish the beige book, a guiding document for the FOMC in view of the meeting on 1 and 2 May.
It is in Milan Leonardo the best among the blue chips with an increase of 1,6% after closing a contract in Pakistan. In light Saipem (+1%) and fashion: Moncler (+ 1,5%), Ferragamo (+ 1%).
Profit taking on banks after Tuesday's wild ride: Unicredit (-0,4%), Intesa Sanpaolo (-0,4%), Bpm bank (-0,9%). In the sector the worst is Bper (-2,17%). The new board of the institute, which met yesterday for the first time, approved the appointment of Pietro Ferrari to the position of president, confirming at the same time Alessandro Vandelli in the role of managing director. Bucking Where's Banca, which rose by 1% following the confirmation of the rating by S&P's.
Slightly up fca (+0,1%), despite the drop in registrations which characterized the European market in March has also affected the vehicles of the Fiat Chrysler group, whose sales have registered decline of 8% on year.
In Piazza Affari, in the spotlight once again Telecom Italy (+1,2%) later the heavy rejection that the management of the group reserved for the Elliott plan.
Among the big names, the session of Eni proceeds smoothly (-0,1%) on the day of the investors day in Milan, while Enel gains 0,27% in following the announcement of the launch of a takeover bid on 100% of Eletropaulo (one of the largest Brazilian distribution companies) at a price of 1,1 billion euro in the event of 100% acceptance. Generali goes up (+0,3%) at eve of the assembly.
-2,04% for Pirelli on the day in which the Bicocca group announced that the CEO Marco Tronchetti Provera, to the BoD on May 14, will propose a development of the organization in support of the Integrated Business Model. Down too Campari (-1,33%) And stm (-1,17%).
Changing front, on the currency market theeuro/dollar settles at 1,237 from 1,2342 yesterday at the close, while the price of Petroleum rising pending data on US inventories: WTI gains 0,8% to 67,08 dollars a barrel and Brent advances by 0,7% to 72,01 dollars a barrel. On the bond it spread between Btp and Bund it stands at 122 basis points.
