The final push came from the news leaked in the afternoon by the G20: an agreement would have been reached in Washington to provide the IMF with additional resources for 400 billion dollarsthe. The European Stock Exchanges thus confirmed the rise and closed with a plus sign a day that had opened under the banner of nervousness due to the European situation and the elections in France, with the associated risk of a downgrade of the Paris rating. Milan gains 0,80%, Paris 0,46%, Frankfurt 1,18% and London 0,48%.
Despite the positive ending on the equity markets, the tension for waiting for the G20 and the situation of the European debt crisis was reflected in the bond markets, with the spreads of the peripheral countries in fibrillation compared to German bonds. The Btp-bund differential rose above 400 basis points in the morning, with a yield of 5,70%, while the Bonos-bund spread flew to 431 points (rates at 6%). In closing, the Btp-Bund spread returned below 400 points, to 396 points. ”It's volatility. I don't see anything new compared to the past days”, commented the deputy minister of the Economy, Vittorio Grilli.
The Ifo data on German business confidence also supported the price lists, tried by a difficult week marked by uncertainty, which rose to 109,9 points, above expectations. Positive effect also from the barrage of better-than-expected corporate results arriving from overseas: General Electric, albeit with declining profits, beat analysts' forecasts, Microsoft and McDonald's also did well (the fast food chain recorded profits in line with the expected growth of 7%). At the end of the European markets, the Dow Jones rose by 0,83% and the Nasdaq by 0,67%.
As it approaches the Facebook IPO, in mid-May, the social network becomes the protagonist of another "democratic revolution": from June, companies will be able to sell their shares directly from their Facebook page, without intermediation and commissions.
In Piazza Affari they close few moves Intesa (+0,09%), Unicredit (+0,27%) and Bpm (+0,48%). Well the Banco Popolare (+1,56%), while Ps which yields 1,12%. In the meantime, a tough clash between major financial interests is taking place on the upper floors of Brussels around the capital requirements of the banks for Basel 3. The Ftse Mib is weighed down above all by some industrial stocks: Finmeccanica loses 2,71%, Fiat 2,09% on indications of weak data for registrations in Brazil for the first half of April, Fiat Industrial 1,38% and stm the 2,57%
Snap A2A of 8,59% in a day of buying energy stocks with Enel to + 3,41% after direct entry into gas production with the launch of a joint project to Eni (+1,72%) in north-western Siberia. Also highlighted, Diasorin (+2,75%), e Telecom Italy (+2,37%). Meanwhile, the cashmere group is preparing to land on the price list earlier than expected Brunello Cucinelli which, after the acceptances already received, will close the IPO next Monday 23 April, the deadline for which was initially set for Friday 27 April, thus bringing forward the landing to 27 April from 3 May.
Overlooking the Ligresti galaxy after Fondiaria Sai's decision to delay the merger with Unipol: Fonsai suspended downwards closed down 8,75%, Premafin by 10,13% e Milan Insurance of 2,80%.
