Le Stock Exchanges of Europe they start the week around equality, awaiting indications from the ECB. But, under the general caution, an approach that is as dynamic as it is selective is imposed. You can certainly benefit from it Saipem, which emerged from the mists of difficult years with a profit (179 million) which convinced the operators: the stock, which has been rallying in recent sessions, rises again +5% Morgan Stanley raises the target price to 2,6 euros, Banca Akros to 3 euros.
Another case Diasorin +4%. Liaison Plex, one of the molecular tests that analysts expected to be approved in the USA by the end of 2024, was FDA approved a few months in advance. The company released a press release last night to explain the news regarding a product aimed at a potential market of almost three billion dollars. To date, the French company Biomerieux dominates this area of testing.
Meanwhile the race does not stop Leonardo, another driver of the rise rising by another 1,93% Leonardo rose to 20,65 euros. It hit new multi-year highs.
Ferrari slowing down, investor morale rises in the euro zone
Misses on the contrary Ferrari -2,8%. Citi cuts to Sell, target price 329 euros. Nexi also down -1,5%. And Moncler -1%. Stifel raises the target price to 62 euros.
THEEuroStoxx 50 index in the early stages it reached its highest level since 2000. The Ftse Eb of Milan consolidates close to 15-year highs.
The morale of the Investors in the euro zone improved for the fifth consecutive month in March, reaching its highest level since April, but economists warned of a “persistent” recession in Germany. However, the Sentix index for the eurozone remained in negative territory. It rose to -10,5 points in March from -12,9 in February, beating the -11,0 reading estimated by a Reuters poll of analysts.
Wall Street: futures down, record offer for Macy's
A Wall Street futures are in live decline. Last week ended with the records of Nasdaq and S & P500. A group of investors increased their bid for department stores Macy's made up of Arkhouse Management and Brigade Capital has increased its bid to acquire the department store chain, after the firm rejected an earlier offer. The group is now offering $24 in cash per Macy's share, at $21 l. The offer represents a +33% premium to Friday's close and values the chain at approximately $6,6 billion.
Friday's data on US manufacturing activity boosted bonds. Treasury, the ten-year at 4,19%, from 4,24% the day before.
Oil moved little, gold at highs and bitcoin volatile
In Europe, ten-year BTP at 3,83%. The third Btp Value closed with one raised of 18,3 billion euros, in line with expectations. The deficit/GDP figure for 2023 has been revised upwards to 7,2%, due to the impact of the superbonus.
2,39-year Bund at XNUMX%.
Despite the cuts in extraction announced by OPEC + il Petroleum Brent and WTI have moved little for now. OPEC has decided to extend cuts by around two million barrels a day. Gold at the highest levels of the last nine weeks at $2.085.
Bitcoin to 65 thousand dollars, the highest since November 2021. Last week ended with a rise of +21,4%, the largest since January 2023.
