Piazza Affari starts the month of May well, with an increase of 0,6%, 20.733 points, despite the thud of Fiat, which drops 4,19% due to the drop in sales in the USA in April (-7% ). The other European lists were also positive, with Athens celebrating, + 2,82%, after the agreement with creditors on a package of reforms which will unblock the disbursement of a new tranche of aid as part of the international bailout scheme. Earn a Madrid point (+0,98%); London +0,64%; Paris +0,7%; Frankfurt +0,56%.
Opening bell also sung on Wall Street, although stocks are proceeding cautiously in anticipation of the Federal Reserve meeting which begins today and ends tomorrow and Apple's results this evening. The quarterly report of the Cupertino giant, according to the Wall Street Journal, will show a doubling of cash reserves in just over 4 and a half years, reaching the record figure of 250 billion dollars.
Euro-dollar exchange rate stable, around 1,09. Oil stagnated, -0,7%, 51,16 dollars a barrel, awaiting the May 25 meeting between OPEC and non-OPEC producers, with a view to extending production cuts to the second half of the year, thus limiting the problem of an increase by the United States, Canada and Libya. Gold at the window, 1255,23 dollars an ounce (-0,05%).
The Italian secondary is down, in a context of still modest trading after the holiday. The spread moved to 197,20 points (+2,02%), yield 2,3%. Greek bonds are pulling, in the wake of the agreement: in the session, government yields hit their lowest since the end of 2014 with the 6,1-year reference rate stopping at XNUMX%.
At European level, the primary calendar starts tomorrow with a 3 billion euro reopening of the February 2027 Bund and continues Thursday with the offer of French Oats (the funding target between 7 and 8 billion) and Spanish Bonos for a maximum of 5 billion .
On the macro front, the news is good. April's manufacturing index in the Eurozone rises to a six-year high, a surge that also affects Italy, while unemployment falls in March to its lowest level in eight years, but in Italy it rises slightly, although the unemployment figure improves youth.
The Ftse Mib is supported today by industrial stocks such as Stm +1,82%, which also boasts the positive opinion of Equita sim analysts; Brembo +1,39%; Cnh +0,99%, Leonardo +0,97%. Campari, +1,38% and Recordati +1,23% are doing well. Utilities are well bought, with A2a +1,68%, Enel +1,37%, Italgas +1,59%. The banks tend to be positive. Purchases rained on Ubi +2,02%, after the go-ahead from Brussels for the three good banks, Nuova Banca delle Marche, Nuova Banca dell'Etruria e del Lazio and Nuova Cassa di Risparmio di Chieti. Excellent session for Unicredit +1,27%. Different speeds for the brands: Ferragamo -0,54% and Luxottica -0,38% down; Moncler salt +1,54%. Telecom +1,78% and above all Atlantia +2,15%, while the subsidiary Aeroporti di Roma, which manages the Fiumicino and Ciampino airports, posted a 1,4% increase in traffic in the quarter.
Worst stock of the day is Fiat, which opens the session weakly, in line with the sector at European level and then accelerates downwards, after the opening of Wall Street and the diffusion of data on US sales. In New York, at the moment, the stock is losing 4,78%, also due to profit-taking after the rally of the last few sessions.
Outside the main basket, Juventus dominates the scene +12,44%. Finally, Rcs +6,33% should be mentioned, a rally that has been going on for several months and which has led the Corsera publisher's stock to increase its value by more than 40%.
