Oil continues to rise, but the session is interlocutory for European markets, which close just short of parity. Business Square takes another small step forward, +0,14%, 23.792 points. Well Leonardo, +1,54%; Telecom +1,48%; Ubi +1,37%; Mediobanca +1,32%; Eni +1,29%. While sales are sinking stm, -3,36%; Italgas -1,42%; fca -1,39%; Buzzi -1,25%; Ferragamo -1,1%. Peak Ovs, -32,1%, after the accounts presented yesterday and above all due to the news that the board of directors has decided not to distribute dividends "due to the foreseeable plans for physical and digital expansion, as well as the restructuring of the network".
Similar climate in the rest of Europe. The best square is Paris, which gains 0,21%, with Vivendi (+3,4%) in good evidence on the day of the meeting and on passing of the baton to the presidency from Vicent Bollorè to his son Yannick. The worst is Frankfurt, -0,19%. In the middle of London +0,14% and Madrid + 0,11%.
Wall Street moves down, with IBM in the red again today. The disappointing results of the accounts of Asia's largest microchip maker, Taiwan Semiconductor Manufacturing, also weighed heavily. The whole sector is moving downwards in the wake, with stocks such as Apple and Nvidia. On the other hand, no surprises come from the economic super-index (Leading Index) which in March marks a monthly growth of 0,3%, perfectly in line with analysts' expectations.
Among the raw materials the Petroleum it is boiling again today: Brent +1,42%, 74,52 dollars a barrel. Gold -0,15%, 35 euros per gram.
down theeuro-dollar, around 1,234, while in the bond market the yield of the 10-year BTP rises slightly, to 1,78%, but the spread with the German Bund drops further to 118,10 basis points (-1,25%). Meanwhile Angela Merkel and Emmanule Macron agree on the need for "new life" to the Union project in view of the EU Council in June. According to the chancellor, the member states will have to show good will to find a compromise if they want to make progress on the reform front.
In Piazza Affari the spotlights were also turned on today Generali +0,91%, on the day of the meeting and the day after the announcement of the sale of the assets in Belgium. CEO Philippe Donnet announces a three-year strategic plan very different from the current one, of which almost all the objectives have already been achieved and which will be presented at the Investor Day in November.
Always in the viewfinder telecom, while the attacks between Vivendi, the first shareholder with 23,9% and Elliott, a shareholder with 5,4%, increase. For the American fund Vivendi” is not the 'main' shareholder. It is only the largest shareholder” but “its interests are no more important than those of other shareholders”. We therefore need "a united board, not one mired in litigation with its own statutory auditors." And the change "begins with the election of an independent board on April 24".
