Banks and energy companies hold back Piazza Affari while Europe closes in contrast. The Ftse Mib falls by 0,88% while Paris rises by 0,5% and Frankfurt by 1,1%, benefiting from the data on factory orders in Germany, which grew by 1,9% in March compared to February and much better than expected at +0,6 %. London -0,22%. The price lists and stocks of raw materials are weighed down by the Chinese slowdown: imports in April fell by 5,7% and exports fell by 4,1%, with the trade balance showing a surplus of 298 billion yuan. Shanghai thus closed with a marked decline: -2,77%, on the lows for two months.
On Wall Street, the indexes open uncertainly with oil falling: the WTI dropped 2,55% to 43,52 dollars a barrel, canceling the increases and despite the mega fire that hit the Canadian oil town of Fort McMurray. In addition, Saudi Arabia, a major oil exporter, is undergoing a change of oil minister. The euro-dollar exchange rate is stable at 1.140145
Investors then continue to wonder about the Fed's future moves after the disappointing April jobs report released last Friday and are betting on a postponement also in June. AND in the afternoon Greece returned to the spotlight: the meeting of eurozone finance ministers to release the tranche of financial aid is on the agenda. Dutch Minister Dijsselbloem reported that this is only a first discussion and that no decision will be taken today.
In Piazza Affari the sales hit the banks. In particular, the worst stock of the Ftse Mib is Banco Popolare -8,75% overwhelmed after the launch of the capital increase preparatory to the merger with Banca Popolare di Milano and after Saviotti anticipated that the quarterly "will not be much". But, as the president of Consob Giuseppe Vegas underlined this morning on the occasion of the annual meeting. “In the current market conditions – he said – it is difficult to make recapitalizations – the prolonged recession is weighing on bank balance sheets and on“ investor assessments the problem of non-performing loans weighs heavily ”. Among the banks under fire also Bmps -7,56%, Bpm -7,04%. On the other hand, Banca Mediolanum +2,31% goes against the trend in the sector. Down also Saipem -4,53% and Anima -4,51%.
Campari up +2,94% after the publication of the first quarter results which closed with revenues up by 7,2%, followed by the luxury sector with Ferragamo +2,37% Yoox +1,69% and Luxottica +1,15%.
Rcs +5,26% also stands out: in a press release Mediobanca, a shareholder of the company, officially announced thatwill consider different options that better value their participation, including "the maintenance of the same or any alternative proposals of which it may be the recipient". The press release was issued at the request of Consob.
