Share

Stock Exchanges: Wall Street and London run, Milan up with luxury

Piazza Affari closes the session up 0,36% driven by luxury stocks, Ferrari and Exor – Profits taken on Juventus, Prysmian, Azimut and Campari also down – London flies after the Parliament vote, the other European lists contrasted, Wall Street positive with Apple – Spreads down after the Btp auction

Stock Exchanges: Wall Street and London run, Milan up with luxury

London soars, (+1,58%), while the other European lists file a mixed session, supported in the final by Wall Street. The square in New York is in positive territory dragged by Apple Lossless Audio CODEC (ALAC), (+4,8%) and by Boeing (+6,5%), after better-than-expected results. In 2018, the airline exceeded one hundred billion in revenues for the first time in its 102-year history. The good corporate signs also bode well in the US-China tariff negotiations, which reopen today in Washington, while preparing to listen to Jerome Powell this evening, at the end of the Fed meeting, still trusting in his "patience" on the taxi.

In the meantime, Piazza Affari scores a gain of 0,36%, 19.711 points, above all thanks to luxury stocks, in particular Moncler +5,94% and Ferragamo +1,53%. The sector takes advantage of the numbers and forecasts of Lvmh (+6,87%) on the Paris stock exchange, where the Cac 40 gains 0,95%. 

In the eurozone they close in the red Frankfurt -0,28% and Madrid -0,52%. Outside the single currency area, London continues the rally started yesterday, despite the many question marks that still hang over Brexit. The mood of the large companies in the main British stock exchange (Ftse 100), strongly oriented towards exports, is supported by the fall in the pound overnight even if the British currency is currently recovering slightly. 

THEeuro-dollar it is in fractional decline, in area 1,141.

Among the raw materials, the Petroleum brent type +1,72%, 62,25 dollars a barrel; the wti in New York increased its pace after the data on weekly inventories, which rose in the US but less than expected. The March contract on the Nymex rose by 2,42% to 54,6 dollars a barrel. Prices are also supported by geopolitical tensions in Venezuela. Gold is stable in the area of ​​1311 dollars an ounce.

The Italian bond still shines: lo spread Btp-Bund drops to 241.60 basis points (-0,45%), with the Italian ten-year yield at 2,61%, after the issue of 2,75 billion 5-year Btp and 2,5 billion ten-year bonds, with declining yields. 

As far as stocks are concerned, they rank among the best blue chips Ferrari +1,79%; Exor +1,74%; Pirelli + 1,34%.

The biggest declines of the day are those of Juventus, -4,06%; Prysmian -1,72%; Campari -1,25%; Azimuth -1,49%; Atlantia -1,18%.

comments