Despite the tensions in Ukraine, international markets continue their positive march. TO Wall Street the Dow Jones index rises by 0,32%, the S&P 500 rises by 0,53%. The Nasdaq is down slightly (-0,03%) after the blow to Amazon's accounts (-2,5% yesterday, after -10% on Monday). Continues the advance of Apple (+4%) and Microsoft (+2,5%).
In Europe, the momentum of M&A is holding the table. TO London (+0,22%) the market was dominated by Pfizer's offer for Astra (+17%), news which caused the pound to rebound to new boulders against the dollar (1,6854). TO Paris (+ 0,38%) and Frankfurt (+0,48%) the focus is on the duel between General Electris and Siemens for the French railway giant Alstom. It also closes in positive territory Business Square (+ 0,34%).
"Italy is an opportunity”. Pronounced by Lawrence Fink, undisputed number one of BlackRock, the most important capital manager in the world which manages 4.300 billion dollars (twice our country's public debt), these words have a particular flavor, even more so than Fitch's promotion, also because Fink made express reference to the new climate Italian politician.
After such a blessing, it is not surprising that the Treasury is aiming today for the absolute primacy of the yield of the ten-year BTP. 3 billion Btp3 are going to be auctioned, together with Ctz and Ccteu: the goal is to do better than the previous record, 3,24%, set in July 2005. Yesterday, however, the Bots took a small step backwards: at auction 7 billion Bots were allotted at 0,594%, against the previous 0,504%. The Btp/Bund spread rises to 163 bp.
Governors week kicks off. Meetings of the US and Japanese central banks are held today and tomorrow. Discounted the decision of the Fed: tomorrow, barring sensational surprises, a new cut in central bank purchases will be announced, as the positive data from the building sector and the Dallas Fed suggest, among other things, which underlines the strength of the recovery in Texas.
More complicated on the eve of Boxwood: traders don't expect new expansionary moves in the immediate term, but Kuroda could anticipate new stimulus moves for the summer. Asian stocks are weak this morning: Tokyo loses 0,98%, Shanghai 0,12% while Hong Kong moves around parity.
Perhaps the most eagerly awaited data is that on European inflation which will be made public tomorrow morning. It will be an opportunity to verify the strength of the presumed rebound in prices at Easter, a circumstance which could cause the expansive measures of the ECB in view of the meeting on 8 May. In Piazza Affari the attention continues for Mediaset, in the wake of the possible agreement with Al Jazeera and Canal Plus on digital.
Much interest in Fiat (+0,29%) after the Automotive News scoop: Lingotto is preparing to spin off Alfa Romeo in view of the relaunch of the Biscione and the landing on the US market. Thus the expectation is growing for the industrial plan of the group which will be announced in Detroit on May 6th.
It does better Pirelli (+0,33%), not at all affected by the US sanctions against Igor Sechin, the number of Rosneft, new major shareholder of Bicocca.
As expected, the shareholders' meeting has been postponed to this morning Mount Paschi (+0,8%). Little moved the other banks, with the exception of Ubi (+1,97%). Weigh, finally, on Eni (-0,5%) yet another delay in the commissioning of the Kashagan field.
