THE ECONOMY IS HOLDING OFF, THE STOCK STOCK IS CONTINUING UP
THE 30-YEAR BTP FLAWS, GOLD BELOW 1.400
It's raining negative news on the real economy. In Italy, in Europe but also, less predictably, in the USA.
The Italian GDP falls by 0,5% in the first quarter, extending the longest negative streak ever. There France is officially in recession, Germany rises by 0,1%. The eurozone is down by 0,2%.
In April the industrial production it fell by 0,5%, a sharp slowdown compared to the +0,3% of the previous month. Empire Manufacturing was also down, calculated on the basis of orders and sales of industrial companies based in New York.
The markets collect the data without firing a shot.
A Business Square the Ftse Mib index rose by 0,9%. at an altitude of 17,471.
London +0,15%, Paris +0,36%, Frankfurt +0,23%, Madrid +1,19%. Zurich rises by 1,64% thanks to the decline of the franc against the euro, the cross of the two currencies goes to 1,2520 from 1,2495 yesterday evening, it is the maximum since 18 January.
THEeuro it weakened for the fifth consecutive day on the dollar to 1,2860 from 1,2920 yesterday evening.
The gold descent, down for five sessions: the yellow metal is trading below 1.400 dollars an ounce (-2%).
Slightly uphill Wall Street: Dow Jones +0,17%, S&P +0,17% and Nasdaq +0,27%.
On the government bond market, the 10-year BTP is traded at a yield of 4,01%, unchanged. Stable spread at 263. The Treasury is placing the new BTP 2044, orders would have exceeded 10 billion euro.
Resounding success instead for the new BTP at 30 years: approximately 13 billion in total orders for a final issue amount of 6 billion euro. The placement was entrusted to a syndicate of banks made up of UBS, Citigroup, BNP Paribas, UniCredit and Deutsche Bank. The launch of the new 30-year benchmark marks the return of the Treasury to this extra-long maturity for the first time since September 2009.
In Piazza Affari Fiat is racing up 7,63%. It is the revenge of the most sacrificed four-wheel companies: in Paris Peugeot +4,61% and Renault +4,39% are in turmoil. BMW in Frankfurt rises by only 1,12%, BMW +1,25%.
Monte Paschi flies even more +9,39% after the results of the quarter. Revenues beat expectations, the loss was less heavy than expected.
Mediaset also rallied +9,07% which was promoted to buy by Ubs.
Among the other banks, Unicredit rises by 2,14%, Intesa gains 3,4%, Banco Popolare -0,92%. Banca Popolare dell'Emilia recovers +1,41% after the results.
Among the insurance companies, Fondiaria Sai +2,42% recovers after yesterday's fall, Unipol +3,8%, Generali +0,2%.
In Piazza Affari Fiat is racing up 7,8% with no news capable of explaining the strong movement. Fiat Industrial loses 0,2%, Exor gains 1,8%.
Pirelli advances by 1,1% after the declarations of the president Marco Tronchetti Provera, according to which institutional investors of Qatar are considering entry into the capital of the Milanese company.
StM rises by 2,35%. Good rise for Finmeccanica +1,39% after the results of the quarter.
Among the blue chips, the decline of Atlantia stands out, losing 1,48% after the Singapore airport company, Changi, announced that it had started the sale of its Gemina share package, equal to 8,4% of the capital . Atlantia and Gemina are mutually engaged in a merger project. Gemina loses 1,7%.
Enel drops by 0,27%, EnelGreenPower -0,78%.
In the luxury sector, Tod's +0,79% after the mixed quarter, Ferragamo +0,71%.
After the good results announced yesterday. Italcementi rose by 3,8%.
