I winds of war in Syria, but even the threats to North Korea don't scare the markets that much. European stock exchanges suffer only modest declines. In Milan, the Ftse Mib index dropped by around 0,2%, around 20.200 points. Paris was also down (-0,2%), while the declines were more marked in Frankfurt (-0,5%) and London (-0,6%).
The two-day meeting continues today Trump and the president Chinese Xi Jinping, Florida. The central theme should be international trade, but after the attack on Syria the threat of US military intervention against North Korea, an ally of Beijing, takes on new importance.
Il dollar it is unchanged against the euro at 1,064. Data on the trend of the labor market in March will be released today in the US: economists forecast on average the creation of 180 new jobs. However, the attention of the markets has shifted towards safe-haven assets. Oil is up for the fifth consecutive session: Brent gains 1,2% to 55,5 dollars a barrel, the highest since the beginning of March.
Eni advances 0,6%, Saipem + 1% Tenaris + 0,4%. Enel -0,1%: Morgan Stanley raises the target price to 4,8 euros from 4,5 euros and confirms the Overweight rating. In the next Def (Economics and Finance Document of the Treasury) according to some rumors, there will be broad outlines of an operation which provides for the transfer of the Enel, Eni and Poste shares currently held by the Treasury to the Cdp behind the sale of savings shares of the Cassa with the aim of collecting 30-60 billion.
Fincantieri gains 2,3% and reaches the maximum since October 2015 at 0,8025 euro after the general agreement which will allow the group to become the reference shareholder of Stx France, without however having absolute control.
Telecom Italy falls by 0,9%. Vincent Bolloré, chairman and main shareholder of Vivendi, told the European Commission that he will have sole control of the company after the shareholders' meeting on April 25.
The it is up to 1.264 dollars an ounce (+1%), a price it has not seen since November. Government bond yields are down slightly: 2,24-year BTPs to 2,26% (from 0,24% yesterday evening), Bunds to 0,26% from 200%. Spread unchanged at XNUMX points. Modest fluctuations for banks: Understanding + 0,2% Bpm bank + 0,1% Unicredit -0,2%. Among the insurance Generali + 0,1% Unipol -1%.
Prysmian (+0,5%) signed a contract worth around 350 million euro with Ifa2, a joint venture between National Grid Ifa2 – a company owned by the British grid operator National Grid – and the French grid operator Rte. The contract involves the design, manufacture and installation of a submarine and underground electrical cable link which will link Tourbe in France to Chilling in Hampshire.
Diasorin (+0,5%) received Emergency Use Authorization from the US Food and Drug Administration for the first fully automated serological test capable of identifying Zika virus infections.
Digital Bros (+2%) granted the Chinese Guangzhou Duoyi Network the exclusive rights to market the PC and Mobile versions (with the exception of the PC Steam version) of Portal Knights on the Chinese market.
Muted debut for Pharmafactoring bank, down by 4,95% compared to the placement price of 4,7 euros.
