The rise in oil prices is not enough to support Piazza Affari, weighed down by the detachment of some dividends. Indeed, at the end of the morning the decline accelerates Milano: -0,6%, with the index falling back to around 21.800. Half a point down Frankfurt e Paris. Renault drops 1,5% after Nissan's refusal to review the governance of the alliance. The decline of more pronounced Madrid (-0,80%) a few days before the elections. Salt instead London (+0,4%), thanks to the push of oil companies.
In the spotlight it spread, which widened to 262 points from 256. Data on the report was released today GDP debt in 2018: at the Eurozone level it falls to 85,1% from 87,1% in 2017. In Italy it rises to 132,2% from 131,4% in 2017. The trend is in open violation of EU budgetary rules , which require countries with high debt to reduce it gradually.
Both the Financial Times and Reuters report the precariousness of the Bel Paese's public finances, also because the privatizations promised to the EU are on the high seas. The yield of BTP ten-year rises to 2,67% from 2,59% on Friday, that of Waist to 0,05% from 0,03%.
However, the day was dominated by the surge in oil, the highest since November after the US decision to impose an embargo on Iranian crude on all countries, including those exempted so far. The Brent it touched 74,5 dollars a barrel and the US WTIit came to 66 dollars a barrel. The European energy sector rises by 1,7%.
Energy stocks are also leading the rise in Piazza Affari: Eni + 2% Saipem + 3,6% Tenaris + 3,3%.
Within the Ftse Mib, several blues detach the dividend: campari, Cnh Industrial, fca, Ferrari, Fineco Bank, Prysmian, Recordati (balance), UniCredit. Coupon coming also for: Banca Mediolanum (balance), Coima Res (balance 2018), FOPE, Italian Wine Brands e Notorious pictures.
The banking sector (-1,3%) is the worst in the Eurostoxx.
In sharp decline Juventus (-3,9%) after winning the eighth title in a row.
fca (+1,3%) is recalling over 320 Dodge Dart units in North America due to a gearbox defect.
Slows stm (-1,8%). The board meeting on the 1st quarter accounts will be held tonight
Ferragamo +0,3%: JP Morgan adjusts the target price to 18 euros from 17,50 euros. Neutral judgment confirmed.
Trevi +3,2%. The controlling holding company filed an application for pre-arrangement before the court for precautionary purposes. Trevi Holding's objective remains to participate in the recapitalization maneuver of Trevi Finanziaria.
Ovs +5%. Kepler has raised the target price to 2,5 euros from 2,0 euros.
Piaggio (+4,5%) detached the dividend of 0,09 euro.
