Mario Draghi's words warm up the markets, frozen by the trend of oil. The Ftse Mib closed up, +0,46%, 19.571 pointslargely supported by bank stocks. The number one of the ECB reiterates the policy implemented so far, even if he revises the estimates of GDP and inflation upwards: rates unchanged and QE from 80 to 60 billion per month from April to the end of the year, We'll see. The program may be extended over time until a sustained adjustment in the inflation path is observed. The deflation risk seems averted, but the recent increase in prices is driven by energy and food products, while the growth of the 'core' figure remains moderate. A vision that finds immediate confirmation in the oil leap backwards (Wti), which during the day falls below the threshold of 50 dollars a barrel, as has not happened since the meeting of the OPEC countries in November. The data on US inventories weighs heavily, but also the risk that the cartel will not renew the agreement on reduced production in the second half of the year. Brent fell by 2,13% to 51,98 dollars a barrel.
Thus, caught between two fires, the main European markets still stop in positive territory, except London, -0,27%. Madrid stands out with an increase of 1,5%, Paris +0,42%, Frankfurt +0,09%. Wall Street, after a few days of hesitation, regains moderate momentum, with the three major stock markets in fractional increases.
Thanks to narrow escape from deflation, the euro rears its head against the dollar, but then limits growth to 0,37%, 1,058. Gold continues to move lower: -0,25%, 1204.15 dollars an ounce.
On the bond front: the Italian 187.80-year spread with the Bund closes at XNUMX points (-0,56%); the yield jumped 2,31%, the highest in a month "because - writes Reuters - of a less accommodating rhetoric" by Eurotower. The German 0,43-year rate is also at its highest in a month, in the 0,36% area from XNUMX%.
In Piazza Affari, the financials stand out positively, among which banks of greater specific weight such as Intesa +2,49% and Unicredit +0,88%. Fly Ubi +3,19%, Bper +3,33%, Mediobanca +2,63%. In contrast Azimut, -1,12%, after the 2016 accounts in decline. Outside the sector, Generali stands out +1,15%; Luxottica +1,4%; Mediaset +1,83%; Moncler +1,25%; Post +3,19%; Snam +2,37%; Telecom +1,36%; Ynap +1,52%.
Stm sits on the other side, -2,7%, penalized by rumors of possible delays in the supply of components for Apple. The trend of the black gold and the doubts about the future overwhelm the oil producers. Saipem -2,67% and Tenaris -3,16%. Eni also fell -0,68%, which signed an agreement with ExxonMobil for the sale of 25% in the Mozambique offshore, a deal worth 2,8 billion.
FCA falls -1,34% and, outside the main basket, Juventus also loses 5,09% after yesterday's boom. Among the smaller capitalization stocks, Parmalat's race continues (+5,09%), after the increase in the Lactalis takeover bid from 2,8 to 3 euros per share.
