The recovery is gaining momentum in Europe, including Italy. In March, industrial production grew by 0,4% compared to the previous month, against expectations of +0,2%. The seasonally adjusted data shows an increase of 1,5% year on year, much better than the estimates fixed at -0,2. The news favored the rise in the price lists. In Milan, the FtseMib index rose by 0,8%, also supported by the good results of companies.
The London Stock Exchange +1,86% leads the market rebound after the clear victory of the Conservatives. Lloyds climbs 6,3% with the entire banking sector breathing a sigh of relief at having avoided the possibility of new taxes on trading. Centrica also recorded an increase of almost 7%, which could have been hit, in the event of a Labor victory, by the freeze on tariffs.
The German Dax marks +0,6%, while the French CAC 40 rises by 0,73.
Waiting for the data on the US labor market, it is finally calm the situation on the bonds, the Btp/Bund spread drops by 2 basis points to 115, the 1,74-year yield to XNUMX%.
The quarterly data is pushing several stocks higher. UnipolSai it advanced 3,5% after announcing first-quarter net income of 310 million euros, up 66,6% from a year earlier.
Mediobanca up 2,7%: the company closed the third quarter with a profit of 205 million, against 90 million in the same period of 2014. Enel + 2,2%: profit of 810 million in the first quarter is slightly higher than consensus expectations. Well after the quarterly too Telecom Italy + 1,2 %. All positive industrial stocks: Fiat Chrysler +1,1%, Finmeccanica +1,1%, management aims for a debt of less than 3 billion by the end of 2017.
In Luxo Ferragamo gains 0,6% as Luxottica +0,6%. Yoox+2,4%.
