The spread closes sharply higher e Business Square it stops in the red, in a weak European context which has seen government bond yields run. Wall Street is also traveling in decline, while the Fed decisions which could raise rates by 50 basis points, after last month's increase of 25 points. This is the highest retouching for 22 years now and there are those who don't even rule out a 75-point squeeze. In view of these important communications from the US central bank the dollar he takes a breath, ready to make a new leap in case there are signs of a particularly aggressive future attitude from Jerome Powell. At the moment the euro trade in slight progress, with the exchange rate that in any case is not far from 1,05.
Despite the intensification of sanctions against Moscow, the ruble, which hits a two-year high against the euro and the dollar.
Among the raw materials they are appreciated Petroleum e gas. In particular, the price of Brent futures shows an increase of 3,5% to 108,64 dollars a barrel. They weigh in part new EU sanctions, although member states have not yet reached an agreement on the embargo on Russian crude oil, asking for more time to examine the sixth package of sanctions presented by the Commission. According to sources told the press agencies, Hungary, Slovakia, the Czech Republic and Bulgaria are the countries that have raised concerns, but a solution could already arrive at tomorrow's meeting.
Nervous European stock markets and troubled bonds
After yesterday's brightening, the financial markets are therefore back on fire due to the international context, from the war in Ukraine to Covid in China, passing through the central banks that are moving towards a squeeze to face an inflation that has not been seen for decades.
In Europe Milano he is in the black jersey, -1,4%, and slips again below 24 thousand points; behind Paris -1,2%; Madrid -1,05%; Amsterdam -1,03%; Frankfurt -0,49%; London -0,9%.
At the same time, government bond yields soar, in the expectation that, after the Fed, the ECB too will move towards monetary tightening.
The ten-year BTP is getting closer and closer to 3% and closes at +2,95%. The Bund is at +0,98%, but it exceeded 1% again in the session. However, the spread between the two benchmark securities increased, to 197 basis points (+4,14%).
Prices go down and T-Bond rates go up
Pressures on government bonds also remain high in the US. The 3-year Treasury, which recently exceeded 2,97%, is currently just below that threshold at +XNUMX%, in an environment of rising rates and falling prices.
On the macro front, the April ADP data on employment in the US private sector disappoint, considered a good anticipator of the overall numbers that will be released during the week. The growth is lower than expected: +247.000 against the estimates of +395.000.
The US trade balance deficit also increased in March: +22,3% compared to March, to 109,8 billion dollars, against expectations for a figure of 106,7 billion dollars.
At Piazza Affari Ferrari breaks down, runs A2a
A hail of quarterly reports, even better than expected, overwhelmed Piazza Affari, but the final balance of the day of the price list is strongly negative.
The worst blue chip is Ferrari, -5,57%, which ended in volatility during the session. The quarter of the prancing horse closed with growing revenues and profits, beyond analysts' expectations and the 2022 guidance was confirmed, but apparently this was not enough to support the title.
After the recent increases, profit taking has penalized Campari -3,78%; Cnh -2,67%; Iveco -3,13%.
Negative banks, starting with Bpm bank -3,74% and Unicredit -2,82%.
No rebound for luxury, with China still in the pandemic storm. The authorities in Beijing have ordered the closure of dozens of subway stations with restrictions also on buses to avoid a lockdown like the one in Shanghai. As Moncler -1,46%. Outside the main basket, Safilo sinks, -9,33% despite the good quarterly performance.
In the upper part of the Ftse Mib it stands out A2a, +2,57%, thanks to the positive report by Citi which sees the company in an excellent position to benefit from the reduction of Italy's dependence on Russian gas. Among the utilities it also stands out Ivy + 0,36%.
Well-bought petroleum products such as Saipem +0,75% ed Eni + 0,53%.
