The merit of the rise in Piazza Affari in the last session of the week must be attributed to President Xi (but also to Telecom Italia). The round of tariff negotiations between China and the United States closed tonight in Beijing. There have been no official announcements, but Treasury Secretary Steve Mnuchin said the dialogue has been constructive. The Chinese agency Xinhua reports that Mnuchin and Robert Lighthizer, the US trade representative, were received tonight by President Xi Jinping who, on TV, said that there was progress.
The news has awakened the bull in Europe: in Milan the stock market is up 0,5% above 19.900 points. Better Paris earning 1%. Frankfurt +0,9%. Madrid's Ibex index rises by 0,6%. The Spanish Stock Exchange is not afraid of early elections announced by the Spanish Prime Minister Pedro Sanchez for April 28. London +0,3%.
The yield differential between Btp and Bund on the 10-year sectioni jumped to 281 basis points from the 270 of yesterday's finale after the tirades of the undersecretary Claudio Borghi who returns to talk about the exit from the euro. In parallel, the 2,86-year rate rises to 2,81% from 2,88% at the last closing with an intraday high of XNUMX%: operators are already looking to Fitch's verdict on next Friday.
Oil is also on the rise: Brent rises by 0,33% to 64,78 dollars, close to the three-month highs and ready for an overall weekly rise of over 1%. The US WTI 0,12% to 54,53 dollars. They go up Saipem +2,8% and Eni +1,4% after i fourth quarter results better than expected announced this morning. Adjusted operating profit came in at $2,99 billion in the fourth quarter, +49% versus Q2017 2,88 and beating expectations of $XNUMX billion. Tenaris + 1,4%.
In Milan it stands out Telecom Italy +5,2% on the news that CDP intends to increase its stake up to 10%, a hypothesis that strengthens the single network project and promises to consolidate the new balance of the telephone group. They correct downwards after yesterday's flare-ups Astaldi -3,3% and Salini Impregilo -2,1%.
On the other hand, the banking sector is tonic. They bounce Bpm bank +2,7% and Bper + 1,6%. Well bought too Unipol +1,6%, on which Banca Imi confirms the "buy" opinion after the sale of Unipol Banca.
Weak the automotive with the exception of Pirelli + 0,4 % after the accounts. fca +0,4% In January, group registrations in Europe recorded a drop of 14,9%. Luxury is still negative: Salvatore Ferragamo e Moncler -0,6%.
