La Republic Day it doesn't stop Business Square which, despite the thin exchanges and the closed banks, recorded a 0,23% progress at 25.379 points in closing. The title gave a big push Interpump, +6,31%, following the announcement of the binding agreement for the acquisition of the White Drive Motors & Steering business unit from the Danfoss group. This is the most important purchase in the history of the company, whose shares are "buy" for Equita, while the broker Kepler Cheuvreux has raised the target price to 48 euros from the previous 43 euros. On the Ftse Mib the following progresses are higher than or equal to 1%: Buzzi +1,79%; Tenaris +1,15%; Understanding +1,1%; Cnh +1,08%; stellantis +1%; Pirelli +1%; Leonardo +1%. I'm in red Diasorin -2,15%; Atlantia -1,63%; Enel -1,03%..
Out of the main basket Catholic (+1,14%, 7,08 euro per share) remains above the tender offer price Generali (+0,12%) to 6,75 euros. Toned Piaggio (+1,28%), after the very positive data on European two-wheeler registrations in May. Sull'Aim made fireworks H-farm (+11,98%) following the news of the sale of the Depop app, for 1,625 billion dollars, to Etsy, the American marketplace listed on the Nasdaq.
Bonds remain stable: lo spread closed at 102 basis points (-0,39%), with the 0,82-year BTP rate at +XNUMX%.
In general, the climate was cautious but serene in Europe and the EA Wall Street, after yesterday's data on the trend of manufacturing from one side of the ocean to the other, while inflation is confirmed under special surveillance in view of the central bank meetings in June and waiting to test the economy again Use, with a number of important reports in the week. It starts tonight with the publication of the Federal Reserve's Beige Book which photographs the trend of the stars and stripes economy.
Today the OECD said that in April inflation in the area rose to the highest level since October 2008, +3,3% (from 2,4% in March). Energy prices increased by 16,3% in April against +7,4% in the previous month. Food price inflation, on the other hand, slowed to 1,6% from 2,7%. Even excluding energy and the food sector, core inflation in the area that brings together the 38 industrialized countries shows a significant increase, going from 1,8% in March to 2,4% in April. Meanwhile the Petroleum its run continues and Brent prices fractionally higher above 70 dollars a barrel.
In this context of confidence in the recovery and in the prudent attitude on the part of central banks in the light of the "temporary" flare-up in inflation, European stock markets closed close to their all-time highs: Frankfurt + 0,2% Paris + 0,5% Amsterdam + 0,42% London +0,41%. Bucking Madrid, -0,15%. Also Wall Street got off to a good start and is currently moving higher, while New York City celebrates the fact that yesterday, for the first time since August, the city did not record any deaths from Covid 19. cinema chain of the same name, already in a rally yesterday. It is one of the favorite stocks of small investors who gather on Reddit to talk about stock markets, already at the center of strong speculation in recent months, together with that of the GameStop video game store chain, which is currently slightly down.
On the foreign exchange market theeuro-dollar is stable, in area 1,221, while the Turkish lira shed 0,9% against the greenback, after hitting a new all-time low in the preceding hours (plunging 4% and more) when President Recep Tayyip Erdogan asked the new central bank governor, Sahap Kavcioglu, to cut the interest rates in the next two months.
