European lists still bullish, even if some operators proceed with the realizations after the strong rises of the last sessions. The pan-European index STOXX 600 gains 0,2%, after hitting a more than a year high last week, while the blue-chip index STOXX50 hit a 22-year high this morning. Milan, after crossing the long-awaited stop of 28 thousand points and updating the record to 2022, recedes to 27.830, the slight red. Investors are confident that the big US banks will continue to report strong quarterly results starting tomorrow when the Goldman Sachs and Morgan Stanley, with the effect of favoring the slowdown in the rise in interest rates. The Oscar of the rise for Europe undoubtedly belongs to the Finn Rovio +17,8%. Producer of the video game Angry Birds.
Stock market and inflation: Istat revises the March data downwards
Istat has revised downwards the data onMarch inflation at +7,6%. In the preliminary estimate it was +7,7%. Core inflation, excluding energy and fresh food, stabilized at +6,3%, as did that excluding energy, which stood at +6,4%. The progress of the "shopping cart" is less sensitive.
Stock exchanges and bonds: little moves
Little moved bond market. The Treasury Notand a 3,51-year trade at a 3,43% yield, up from XNUMX% on Friday. The ten-year BTP trades at 4,30% with or spread on the Bund at 183 points. markets are pricing a terminal rate at 3,75%, while for the next board they continue to discount the probability of a 30-point hike at 50%, despite sources telling Reuters that the majority of the board favors +25 points.
Nexi shines in Piazza Affari
In Piazza Affari Nexi +3,30 holds the bench, galvanized by the offer in London of a consortium of investors on Network International. Also at the top of the list bpm +3.5% and Bper 2.3%. Banca Monte Paschi does even better. Rumors about possible bank M&A are back in the news while EU pressure for stricter rules for the sector is growing.
Of note is the run of Interpump +1,5%: Campari stops +0,26% after hitting the new record since 2022.
Increases of more than 1% per Recordati and Diasorin: the pharmaceutical giant, Merck has announced the purchase of Prometheus Bioscience, an operator of immunotherapies valued at about eleven billion dollars.
In flexion Saipem -0,47% after the Algiers Court of Appeal fully acquitted the oil equipment in a 2008 tender proceeding.
After last week's gains, Moncler and Ferrari retrace.
In a speech to Sole 24Ore on Saturday, the CEO of TIM+ 0,75%, Pietro Labriola, underlined how TIM affected by problems common to the entire European sector but also by specific critical issues in the Italian context which require decisions that can no longer be postponed.
I Wall Street futures they are around parity.
On the day of the probable Space X launch Elon Musk faces the protest by Chinese Tesla workers, +1% in the premarket. Workers at the Tesla factory in Shanghai took to social media to appeal to Musk and the Chinese public after being briefed over the weekend of cuts to their bonuses. Many of the posts said they believed the deductions were linked to a fatal accident earlier this year at the plant, the largest in the world, and criticized Tesla for the cuts. The company will give the numbers on April 19.
