In the Easter egg, bags find the perspective of one as a gift recession now taken for granted in the US economy. Awaiting the confirmation that should arrive, despite the holiday break, from the data on jobs, the markets are gearing up to take advantage of the probable rate cut that the Fed, the US central bank, will have to practice to support the economy: granted a up a quarter of a point in May, the Fed may change course from July.
European stock markets up, Btp below 4%, Ftse Mib above 27.000 points
Le European stock exchanges, in an attempt to anticipate the times, have thus taken the road to the upside. Milan is preparing for the long bridge with an increase of more than 0,6%, bouncing again beyond the barrier of 27 points.
The trend is favored by purchases of government bonds in view of an easing of interest rate tensions. The yield of Treasury Notes at ten years it fell to 3,27%, close to the lows of the last six months. No less significant is the decline in the yield of the 3,97-year BTP: XNUMX%, below the psychological threshold of 4%.
Finally, confirmation comes from the world of central banks. There Reserve Bank of India surprised markets by holding its key repo rate steady after six consecutive hikes, saying it was closely monitoring the impact of the recent global financial turmoil on the economy. The benchmark rate remained at 6,50%, while analysts had expected a 25 basis point hike to 6,75%.
Utilities do well in Piazza Affari, leap by Enel and Leonardo
Back to the home front, it's utility, historically indebted sector, to take advantage of the new orientation first: Enel leads the race with a robust 2,7% gain ahead of Snam ed Ivyaround 1,5%.
Highlights too Leonardo + 2,3% supported byagreement with Siemens Digital Industries for the digital security of industrial infrastructures.
Bper +1,5% after Fitch upgraded its rating to 'BBB-' with a 'stable' outlook.
Salt too Eni+ 1%: Versalis, the chemical company of the group, is in the final stage of exclusive negotiations with Mater-Bi for the purchase of the entire package Novamont shareholder.
Volatile titles MFE-MEDIAFOREUROPE, over which, however, achievements prevail after yesterday's speculative increases triggered by hypotheses on the future of the companies controlled by the Berlusconi family after the founder's hospitalization Silvio Berlusconi. At the end of the morning, however, stocks recovered: MFE-A +0,96% to 0,4408 euro; MFE-B +1,14% to 0,6635 euro.
Slightly declining Pirelli after a successful start in the aftermath of postponement of the meeting waiting for the government to express its opinion on the renewal of the pact with the Chinese shareholder Sinochem based on the Golden Power rule.
Finally heavy Lazio, which dropped more than 5% after the news, which emerged yesterday after the markets were closed, of searches by the Guardia di Finanza in the headquarters of the football team as part of an investigation into the buying and selling of football players.
Saudi-Iran meeting in Beijing, but oil doesn't move
It currently has no effect on oil prices the news of the new meeting between the representatives of Saudi Arabia and Iran in Beijing, by now the guarantor of the rapprochement of the two giants of the Middle East who have announced the resumption of direct flights between their respective capitals. Oil WTI it weakens to $80 a barrel, despite the new decline in US strategic crude inventories, -0,8% last week, equal to 3,7 million barrels.
Shells +1,7% on the London Stock Exchange. The energy giant expects an increase in liquefied natural gas production in the first quarter after last year's outages at Australian plants.
Uncertain opening on Wall Street
Uncertain predictions aboutopening of Wall Street. The markets are focused on the data of job market out between today and tomorrow. In the afternoon the new requests of unemployment benefits. Tomorrow, despite the holiday, there will be a change in non-farm workers and the average wage.
