After a day of ups and downs, the European stock markets ended the session in positive territory: London +0,56%, Paris +0,58% and Frankfurt +0,39%. Madrid also did well, earning 0,42% despite the failure of the latest attempt to form a government and the prospect of returning to the polls June 26th has now become a certainty.
business square, after a morning in the red, it ended the day up 0,4% at 18.750 points. The spread between Italian ten-year bonds and the corresponding German ones settled at 122 basis points.
Today's sitting was strongly marked by anticipation for Fed decisions which at 20 today (Italian time) will communicate the decisions taken in the two-day meeting of the FOMC. Analysts do not expect major changes given that, according to forecasts, a rate hike should only arrive at the end of 2016.
In red Wall Street, with the Dow Jones shedding 0,28% and the S&P 500 down 0,3%. -1,1% for the Nasdaq weighed down by the very strong sales that hit Apple and Twitter in the wake of the publication of the quarterly reports on Tuesday evening with closed exchanges. Cupertino dropped 6,2% below the $100 mark (97,65) after posting declining accounts for the first time in 13 years: revenues fell from $58 billion to $50,5 billion, while profits fell by 13,6 to 10,5 billion dollars. Twitter sinks (-15%) after having put in place a lower growth than expected, but above all after having revised downwards the estimates valid for the current quarter.
Continue oil recovery after the lows reached at the beginning of the year. In today's day the wtf exceeded 45 dollars a barrel for the first time in the last 5 months, only to then fall back to 44,18 dollars a barrel, while the Brent it trades at 46.06 dollars a barrel. In this context, it is necessary to underline the growth of weekly oil inventories, which rose by two million barrels to 540,6 million barrels. Gasoline stocks rose by one million and 608 thousand barrels, which surprised analysts who were expecting a decline instead. Today's black gold trend influences the performance of energy stocks on Piazza Affari: Saipem gains 1,89%, while Tenaris salt of 1,86% ed Eni advances 0,92%. Also noteworthy is the performance of Snam (+1,15%) thanks to the record balance sheet approved by today's board of directors: the company recorded a net profit up 3,3% to 1,24 billion on revenues of 3,65 billion (+2,3, 0,25%). The board of directors also decided to distribute a dividend of XNUMX euro per share.
Remaining on the Ftse Mib, sales mainly affect the banking sectoror: the worst is unicredit, which yields 2,12%. Bad too Banco Popolare (-1,37%) Bper (-1,54%) And bpm (-0,53%). Unchanged Intesa San Paolo the halfway point of the new governance: the CEO Carlo Messina confirmed 3 billion in dividends for 2016, the shareholders' meeting appointed Gianmaria Gros-Pietro as president with a return to the one-tier system. Long farewell by Giovanni Bazoli.
Also at the bottom of the list Telecom Italy (-2,6%) following the postponement of the board called to approve the accounts from 5 to 13 May. Unipol is also among the worst, closing down by 1,5%.
On the opposite side stands out stmicroelectronics, the best stock in the basket with an increase of 9,13%. The group released its results for the first quarter this morning, posting net losses of $41 million from $22 million in the same portion in 2015. Nonetheless, the signs of recovery seen in the first three months of 2016 convinced the markets. St also expects a sequential increase in net revenues of approximately 5,5% at the mid-point.
In positive territory too Azimuth holding (+2,48%) after theok received from Banca d'Italia for the demerger with incorporation of Azimut Consultancy SIM into Azimut Capital Management SGR. The transformation of CGM Italia SIM into an asset management company is still awaiting a response. Well too Finmeccanica (+ 2,6%) Cnh Industrial (+ 1,6%) and fca (+ 1,71%).
