While awaiting the judgment of Standard & Poor's, which tonight will announce the update of the Italy rating after closed markets (today BBB outlook stable), Piazza Affari slows down. The index Ftse Eb -0,6% drops below 24 just above 23.800. Advance Frankfurt +0,7% supported by the performance of Basf, lime, Merck e Deutsche Telekom. In slightly positive territory Madrid and Paris +0,1%. French GDP +0,3% slowed more than expected in the first quarter. Well Saint Gobain +3%. London rises +0,5%: in the evening both S&P and Fitch will pronounce themselves on the rating of the United Kingdom. Stoxx's worst stock is Electrolux -10% after the accounts.
European equities are about to end the fifth consecutive week higher.
Il dollar it is projected to its highest since mid-January after Mario Draghi's accommodating words on the future of interest rates in the Eurozone: cross 1,207.
In tune with the T Bond USA, the yield on the Bund falls to 0,57% (from 0,60% yesterday). Sharp drop in yields at today's auction of Btp and Cct eu with which the Treasury has placed over 9 billion euros. The yield on the ten-year BTP stood at 1,70%, down by 14 basis points compared to the previous placement. On the 5-year maturity, the yield fell to 0,56% compared to 0,68% at the previous auction. On the EU seven-year Cct, the yield fell to 0,23% compared to the previous 0,36%.
Il crude it gave ground moderately, but Brent still appears poised to end third week of gains amid supply fears should the US decide to reimpose sanctions on Iran. Brent trades at 74,53 dollars.
Back off Eni – 0,7% later the announcement of the accounts for the quarter. The six-legged dog recorded an adjusted operating profit of 2,38 billion euros (against 2,6 million of the consensus). Debt is also disappointing, at 11,3 billion euros, compared to expectations of 10,5 billion.
Just below parity Saipem -0,2%. Tenaris -1,4%, it achieved $1,86 billion in revenues in the first three months of the year, up 17% on the fourth quarter of 2017.
Benefits taken up Fiat Chrysler -1,8% after yesterday's rise. This morning Kepler-Cheuvreux strengthened the Buy judgment, raising the target price to 24 euros from 22 euros. salt Cnh Industrial –0,4%. The company has announced plans to launch its new one $700 million share buyback program. Male Exor, -1,9%
leonardo –0,9% despite the creation of a new helicopter service center in Australia. It probably weighs the indictment of the current managing director, Alessandro Profumo, for the Monte dei Paschi di Siena affair.
Weak too Luxottica -1,1% following the results of Essilor -1,3% in Paris in the first quarter of 2018. The French group with which Luxottica will soon merge achieved revenues of 1,825 billion euros, down by -5,8% mainly due to the unfavorable trend of currencies. Today the Luxottica board of directors is scheduled to approve the sales figures for the first three months. Moncler +1,5%, marks a new historical record.
Banks in retreat due to falling yields. Unicredit -1,6% Understanding -0,2%.
Well set up insurance. Generali + 0,3% Catholic +0,7%, has appointed Valter Trevisani as new general manager of the technical and operations area. UnipolSai + 0,8%. Unipol bought 6 million shares.
At the stake Mediaset: Di Maio brought up Silvio Berlusconi's conflict of interest.
In the rest of the list: Sias +6%, This morning MainFirst upgraded its rating to Outperform from Neutral, setting a target price of 20 euros.
Unieuro +3,5% fixed a dividend of 1 euro per share, yield 7%.
