European stock markets rebound, driven towards the end by the positive performance of Wall Street and by a slight easing of pressure on banks. Business Square follows more timidly (+0,3%, 24.161 points), with luxury stocks in evidence, negative banks and the Juventus in deep red (-13,7%) after the wreck of the Superlega project, from which almost all the clubs withdrew one after the other.
The session is positive for government bonds: lo spread to 101 points (-2,47%, with a ten-year BTP rate of 0,75%) on the eve of the ECB meeting, while the placement of the BtpFutura which closes its doors on Friday. On the third day of the offer, requests for 1,01 billion euros arrived, based on around 24 contracts. The total request is equal to approximately 4,68 billion euros.
The other European price lists, led by Amsterdam +1,3%, where Heineken it appreciates by 4,84% after the presentation of the accounts for the first quarter. Paris rises by 0,74% and thanks to Kering (+4,17%) offers excellent support for fashion headlines across the continent. The house that owns the Gucci brand closed the first quarter with sales of 3,9 billion euros (+21,4%), exceeding pre-pandemic levels. Frankfurt it appreciates by 0,5%, roughly the same London (+ 0,52%).
Overseas Wall Street is moving at a moderate pace but rising, after a bad start. Supporting the indices are stocks of airlines and shipping companies, while the thud of is being felt Netflix (-7,2%), which pays tribute to the quarterly data and the disappointment for the number of new subscribers (less than 4 million, against expectations for 6,2 million), with forecasts for an increase of only one million in the current quarter, which would therefore be the worst ever recorded. Weak Apple, in the aftermath of the presentation of new products
A certain caution, on a global level, is dictated by the trend of infections in many parts of the world, especially in India where the current new wave of coronavirus infections would be fueled by a "particularly serious variant", writes the FT, which it is overwhelming hospitals and sowing a very high number of deaths.
The great obstacle to recovery represented by the pandemic is however balanced by the massive vaccination campaigns underway especially in the USA. Italy is also looking towards the coming months with a certain optimism and in tonight's council of ministers it is preparing to approve a new Covid decree law, valid from 26 April to 31 July.
On the currency market theeuro-dollar it is little moved, around 1,203. The greenback seems to be regaining a certain appeal precisely because of the fears induced by the resurgence of Covid infections and the drop in US rates.
On the contrary the Petroleum suffers from the update of data on infections and moves in decline. For black gold, we are also looking at the talks between Iran and world powers aimed at saving the 2015 nuclear deal, because, if they were to be successful, they could lead to the lifting of sanctions and a return to the Iranian crude market.
“However – he writes Reuters – Big companies engaged in the oil trade are stockpiling diesel and kerosene in supertankers in Asia and Africa, in anticipation of a rise in prices in the coming months, following vaccinations against the coronavirus”.
In this context, Brent loses 1% and trades around 65,90 dollars a barrel; Texan crude lost 1,2%, just below 62 dollars. The data on US weekly inventories disappoints, higher than expected.
It moves in progressgold, with the June 2021 contract up 0,9% to $1794.80 an ounce.
Returning to Piazza Affari, the session was enlivened in particular by the titles of the big names: Moncler +4,26% on the Ftse Mib and in the rest of the price list Ferragamo + 3,37% Tod’s +4,33% (today Chiara Ferragni officially entered the board), cucinelli +4,43%, awaiting accounts with closed markets.
Well the pharma with Recordati +2,57%, while Diasorin yields 0,1%.
Raises for Ferrari + 2,43% Inwit + 2,43% Campari + 1,9%.
The banks stop in the red zone. Bper loses 2,22% on the day of the shareholders' meeting due to the green light for the 2020 accounts and the distribution of the 0,04 euro dividend. On this occasion, the new board of directors was also appointed for the three-year period 2021-2023. Piero Luigi Montani, among others, has joined the new board and will become managing director in the first useful meeting of the board, thus officially closing the era of Alessandro Vandelli. The shareholder rotates Unipol -1,26%.
Forgiveness Understanding -1,11%; Bpm bank -1,2%; Mediobanca -1%; Unicredit -0,78%. In dust, however, Creval (+4,01%) to 12,444 euros, one step away from 12,5 euros, new bid price relaunched by Credit Agricole during the night to conclude the offer whose deadline has been moved from today to April 23rd.
The worst title of Piazza Affari is the Juventus on the halt to the project of a new European football competition, the super League, with a domino effect caused by the English clubs which were the first to withdraw. Today even the president of Juve Andrea Agnelli had to admit that the project "is no longer current". Between yesterday and today, Juve's shares have burned the positive effects of the announcement of the project last Monday when the title jumped by 18%.
