Will the charge of the 61 dividends arriving today in Piazza Affari to shock the market? Or will the coupons end up fueling the return of interest in the bond markets, BTPs in the lead? Without forgetting that today the interest linked to various issues of BTP Italy? THE futures on the Eurozone markets they do not offer indications on the matter: the markets, when opening, will limit themselves to waiting for developments on the difficult negotiation in the USA to raise the debt ceiling before the time X strikes, i.e. on June 1st. The negotiations resumed last night with a phone call from President Biden from Air Force One bringing him back from Japan to the Republican congressional leader. This time, he warns Jane fraser, CEO of Citibank, the risk of a lack of agreement worries more than in the past, given the tight deadlines and the bad relations between the parties. But optimism, for now, prevails.
Flat futures in the Eurozone. Germany Superstar
THEEurozone reopens its doors after a record week finale. in Frankfurt theDax index touched up on an all-time high on Friday. The performance of the German stock market is today the best in Europe: +16,90% from the beginning of the year. EuroStoxx50 index future is flat. Milan's FtseMib closed up 1% on Friday.
19 blue chips of the FtseMib will disconnect today the dividend with an impact on the main index of the Italian stock exchange estimated at 1,25%-1,30% or 350 points out of 27.235 at yesterday's close.
Seven Blue Chips yield more than 5%
Focus on dividend di Generali, bank dividends should also be monitored. In particular, they will detach the coupon B for Bank e Intesa Sanpaolo. Eni will assign the fourth tranche of the dividend for the 2022 financial year.
They are seven blue chips capable of recognizing an annual return of more than 5%. In order: Intesa SanPaolo 7,30%, Azimut 6,55%, Banca Generali 6,50%, Eni 6,50%, Unipol 5,80%, A2A 5,50%, Italgas 5,40%.
Unipol announced the purchase ofaccesso a Star Links, Elon Musk's Space X satellite system to guarantee Internet access in the areas devastated by the flood in Romagna.
Moody's confirms the vote on Italy
Moody's ha 'Baa3' rating confirmed and the negative outlook. At the end of February, the rating agency had improved its estimates of Italian growth for 2023 to +0,3% compared to -1,4% previously estimated.
Euro slightly recovering, after closing the second negative week in a row. There ECB it needs to use determination to bring down inflation, in the face of stubbornly high expectations, rising wages and too generous fiscal policy. She said it Isabel Schnabel, member of the Governing Council of the ECB. "That's why it's so important that we show strong determination to bring inflation back to 2%," Schnabel added at an event in London. Speeches are scheduled for today by Chief Economist Lane, Vice President de Guindos and Councilors Elderson and Villeroy.
Fed, the party of doves is growing
The party of doves at the Fed is growing. Neil Kashkari of Minneapolis has expressed itself in favor of a truce on hikes in June. The same Powell, speaking on Friday evening in New York, noted that the tensions on the banking front have had similar effects to a monetary tightening.
Friday the Nasdaq Composite (12.657 points) has pushed to the top since August 2022 thanks to the fourth positive week in a row (+3%). From the beginning of 2023 +19,70%. even better theFANG Plus index, which collects the ten big US tech companies (6.745 points) has reached the sixth positive week in a row, on a level it hasn't seen since April 2022. Since the beginning of the year it has recorded a formidable + 51,70%.
Hong Kong restarts, Nio +8% drives an electric car
The fourth week of May begins in Pacific Asia with a tone positive for Chinese stock exchanges. It did not escape Beijing that the G7, with regard to relations with China, spoke of de-risking and not of decoupling. In other words, political tensions must not interrupt trade relations. L'Hang Seng Hong Kong rebounds from the lows of the last two months and marks a gain of 1%. Automotive companies are on the rise in the wake of Nio, up nearly 8% on news of the arrival of his new model in auto showrooms in China.
THEutility index it is up by 2% due to the order to adjust electricity generation capacity to peak demand, contained in a document released by the NRDC regulator over the weekend.
Il CSI300 the Shanghai and Shenzen lists gain 0,3%. Back to weaken the yuan, after the temporary appreciation on the last day of last week. The cross is at 7,022.
Il Nikkei of Tokyo rises by 0,7%, eighth rise and new tops for 33 years. sensex of Mumbai +0,40%. Kospi of Seoul +0,9%. The won strengthens for the fourth consecutive day. The Korean press writes that the central bank should revise downwards this week.
The EU rules on managed are coming. Fininvest goes up in Germany
Azimut, Banca Generali, Banca Mediolanum. During the week the EU will publish the document relating to the distribution of financial products. There should be no bans on commercial practices based on incentives to buy in the directive.
Generali awaits the non-binding offers for the subsidiary Tua Assicurazioni within four weeks.
MFE: following purchases made on Friday of ProSiebenSat.1 Media shares, the media company rounded up its stake, made up of held and insured securities, to 28,87% of the share capital (29,70% of current voting rights excluding own actions).
Pirelli was convened on Thursday 29 June the shareholders' meeting to approve the 2022 financial statements and decide to postpone it to a subsequent meeting, to be called by 31 July, for the renewal of the Board of Directors, with consequent extension of the Board currently in office.
