The United States reopens shop (all 50 states have given at least partial green light to the activities) e Wall Street it rebounds in the first hours of trading, favoring the recovery of European lists and their closing on the upside.
Business Square recovers 1,05% and rises to 17.213 points, thanks to pharmaceuticals and utilities, after a morning in trouble (-2%) and yesterday's slide largely due to the recovery of short selling, decided by Consob. Stable the secondary (spread 210 basis points, -0,03%), which consolidates the recent gains in the wake of the overwhelming success of the new one BTP Italy, which even today has totaled over 4 billion in orders from small savers, almost 14 billion. Tomorrow it will be the turn of institutional investors and then a game that for now seems to be winning will close. A breath of fresh air needed in this phase, also in light of the fact that foreign investors, in March, frightened by the pandemic, unloaded the record amount of 5,5 billion Btp on the markets. A move that added fuel to the fire of the spread, which in March exceeded 300 points, only to then drop thanks to the decisions and interventions of the ECB.
In the rest of Europe: Frankfurt the most tonic is confirmed, +1,4%, followed by London +1,13% and Madrid +1,1%. More shy Paris + 0,87%.
THEeuro continues to gain positions against the dollar and the cross is close to 1,1. The single currency seems to drink from the prospect of a more solid EU after the Franco-German proposal for non-repayable European support which opened the debate on the possibility of a fiscal policy for the Union.
However, volatility still remains high on the markets, due to the uncertainty about the timing of the recovery and the arrival of a radical cure for the new coronavirus. Yesterday, American stocks closed in the red following doubts raised by a Stat News article on the "promising results" announced by Moderna (+1,1%) on Monday. Today it is the US pharmaceutical company Inovio Pharmaceuticals (+8%) to rekindle hopes, saying that its experimental vaccine against Covid-19 is proving to be effective.
The uncertain-variable climate continues to favor l'gold, which is trading slightly higher at around 1.752 dollars an ounce.
Il Petroleum it looks above all at the restart and it appreciates, favored by the unexpected drop in US inventories. Brent exceeds 35,5 dollars a barrel; Texan crude exceeds 33 dollars.
The diagnostic company is once again in Piazza Affari Diasorin queen of the list. The stock hit a new record in the session and closed at +5,58%, 189,20 dollars per share.
It also stands out among the big Milanese companies connected to health Amplifon +4,97%. Well buy the utilities: Enel +3,56%; Terna +2,33%; Ivy + 2,1%.
They bounce Tenaris +3,21%; Pirelli + 2,2%.
It adds losses to losses instead Telecom, -7,86%, after yesterday's collapse due to the disappointing quarterly results, with revenues down by 11% to 3,9 billion euros. Equities continue to underperform the European telecoms index, which is positive.
He suffers Ferragamo -4,75%.
The sales strike again fca, -1,59%, due to the uncertainty about the extraordinary dividend of 5,5 billion, promised following the merger with PSA-Peugeot (-2,3%). Although the president of Exor (-0,85%), John Elkann, said that the work for the merger between the two auto groups is "continuing according to plan and on schedule", investors fear that the request for state guarantees for loans for 6,3 2021 billion could cause the super bonus to be postponed to the end of XNUMX or perhaps beyond.
Contrasted banks: down Bper -1,73% and Bpm bank -0,42%.
Sale Understanding, +0,57%. For Redburn, the stock is “buy” and he is the 'top pick' among eurozone banks. Even better would be if the Ops on Ubi (-0,04%) was successful, but the latter seems determined to resist the offer launched by the bank led by Carlo Messina.
