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Piazza Affari changes course and becomes positive again

Despite the collapse of the banks, the Milan Stock Exchange is the best in Europe in the wake of the good opening of Wall Street - The collapse of Bpm continues, profits taken on MPS - Exploits of Tod's and Ferragamo, Eni does well in the wake of the full-nominations – Orders for the new Italian BTPs also did well, exceeding 6 billion euros in just a few hours.

Piazza Affari changes course and becomes positive again

After the release of higher-than-estimated US consumption data and the positive start of Wall Street, Piazza Affari confirms its timidity trend reversal recorded in the early afternoon. A little over half an hour after the closing the index Ftse Eb rises by 0,38%, making Milan the only European stock exchange in positive territory. In the same minutes, in fact, Frankfurt loses 0,3% e London 0,13%, while Paris travels around parity.

Le retail sales in the United States they grew more than estimates in March, posting the most sustained monthly gain since September 2012, a fact that gives hope for an acceleration of US economic activity in the spring months. The figure, released by the US Department of Commerce, rose by 1,1% to 433,9 billion dollars, after a 0,7% increase in February (data revised upwards from +0,3% in the first esteem). Analysts were expecting a rise of 0,8%.

Citigroup celebrates quarterly accounts with a +4,23%. After the first few minutes of trading, the Dow Jones rises by 0,55%, 88 points, to 16.105, the Nasdaq (fresh from the worst week since the eighth ended June 2012, 0,91) jumped by 34%, 4.033 points, to XNUMX, theS & P 500 it grew by 0,68%, 12 points, to 1.828.

As for the individual shares of Piazza Affari, they are still at the end of the Italian list bpm (-8,5%), on which Consob has banned short selling for today and tomorrow. The Bank's stock is targeted by sales after last Saturday the shareholders' meeting unexpectedly rejected the governance reform proposal conceived by the management board and by the managing director, Giuseppe Castagna, elected a few months ago.  

Bad too Ps (-4,75%), on which profit-taking prevails today after the rally of the past few weeks. Reduce losses Mediaset (-0,8%), which has lost more than 5% in the last 10 sessions. 

The best stocks of Piazza Affari are those of Tod’s (+ 4%) and Ferragamo (+3,7%), but on the decisive day for the appointments of public managers the rise of Eni (+1,65%). The markets like the hypothesis that Claudio Descalzi, current E&P general manager, will take over the leadership of Eni in place of Paolo Scaroni, who will be leaving after nine years. The subsidiary was also positive in the wake Saipem (+ 2,71%).

Also good orders for the new Italian BTPs, which in a few hours exceeded 6 billion euros. 

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