Team that doesn't win you change. So Alexis Tsipras has decided to deploy a new formation to negotiate with the EU, the IMF and the ECB. The Greek premier has strengthened the responsibilities on the European negotiating table of the Deputy Minister of International Relations Euclid Tsakalotos hoping that the pedigree of a professor trained in Oxford with much more diplomatic tones will win more favors with his European colleagues than the casual and irreverent style of the Minister of 'economics Yanis Varoufakis (who would have been defined by colleagues in the Eurogroup as an "amateur" and time waster").
For now, the move has pleased investors who are hoping for an agreement in the next appointment on May 11th: the European stock exchanges closed sharply higher led by Athens in a rally of 4,37%. Piazza Affari gained 1,62% driven by the sprint of some stocks such as Mediaset and Saipem. Paris +1,3%, Frankfurt +1,93%, London +0,47%. The Btp-bund spread is decreasing to 120,33 points.
Wall Street also opens higher after last Friday's records of Nasdaq and S&P500. The wait is for the FOMC meeting which starts tomorrow with the intention of understanding the intentions of the governor Janet Yellen on the rate hike and for the preliminary reading of the GDP for the first quarter of 2015.
On the macroeconomic front, today the US service sector purchasing managers' index fell to 57,8 points in April from 58,6 in March, below the forecasts of analysts, who expected an improvement to 59,5 points.
On the corporate front, what catalyzes attention is the expectation for Apple's quarterly report which will be communicated after markets are closed: the consensus expects a 20% increase in profits. Purchases on the title that rises to all-time highs. The euro-dollar exchange rate rose by 0,32% to 1,0908 while WTI oil was stable at 57,19 dollars a barrel.
In Piazza Affari there is a rally for Mediaset +8,23% driven by rumors about Vivendi's interest. Also in the light Saipem +6,63% after the quarterly report and the confirmation of the 2015 targets. Among the best stocks of the Ftse Mib are also the banks with mediolanum which rises by 4,63%, Mediobanca by 3,53% and Bper by 3,52 .2,10%. Unicredit +1,08%, Ubi +2,6%, Intesa +1,9%, Bpm is at +0,91%, Banco Popolare +0,61% and Mps +XNUMX%. The games for the new Board of Directors are being formed in Siena. Tomorrow the question of the majority list of the CDA for the next elections will be on the table of the general deputation of the MPS Foundation when, after the capital increase, Alessandro Profumo, as he announced, will leave the presidency.
Abroad, all eyes are on Deutsche Bank which has announced a 3,9 billion cleanup and restructuring operation and on HSBC ready to separate the UK branches into an independent company due to fears over the euro referendum promised by the Conservatives in case of winning the elections.
At the bottom of the Ftse Mib Ferragamo -2,49% which suffers sales after some analysts have suggested taking profits after the recent rises, Telecom Italia -1,94% and Cnh Industrial -0,55%.
