The growth numbers show spades, but the stock exchanges are optimistic on the day of the summit of European leaders, with economic measures against the pandemic crisis at the center. Business Square he finished in the pink jersey, +1,47% and exceeded 17 points. Merit of Atlantia, +8,04%, but also of the banks, which celebrate the ECB's decision to accept, as a guarantee (against the liquidity provided to credit institutions) securities which, following a downgrade, no longer had the investment rating considered essential so far. A move that anticipates any decisions by S&P on Friday evening on Italy's rating. The choice of Eurotower favors the descent of the spread between Italian and German ten-year bonds, which falls to 241 basis points (-3,95%), with the yield of the BTP falling to 1,98%.
A reassuring daily trend, were it not for the real economy data overwhelmed by Covid 19: -8% GDP and a debt/GDP ratio of 155%, writes the Courier service. The government will discuss it, which must approve a Def which provides for a new further deviation of the deficit up to 55 billion to finance the next April decree.
The session ends in green also for Frankfurt +0,87%; Paris +0,89%; Madrid +0,32%; London + 0,94%.
To lend a hand to the European price lists in the afternoon is Wall Street, which starts in tune and moves higher thanks to the recovery in oil prices and a new $484 billion stimulus package, which is expected to be voted on by the House.
After the shock of the beginning of the week, the Petroleum it appreciates for the second day also following the tensions between the United States and Iran. The June 2020 contract for Texan crude rose 30,1% to $17,93 a barrel, while Brent crude rose 10% to $22,42 a barrel.
In a situation of great uncertainty, fear and confusion such as the one induced by the pandemic, purchases are also encouraged by the progressive launch of a Phase 2 in the various countries, while the discouraging macro data from one side of the Atlantic. In particular, there are another 4,427 million people who applied for unemployment benefits in the US last week, for a total of more than 26,45 million since the restrictive measures were imposed. Activity in the US manufacturing sector continued to lose ground in April, albeit less than analysts expected. The flash reading of the PMI manufacturing index, compiled by Markit, slipped to 36,9 points, from 48,5 points in the definitive reading in March.
Similar news had arrived in the morning from the euro zone: according to data released by Markit, the manufacturing PMI dropped to 33,6 in April from 44,5 in March. The PMI for the services sector stood at 11,7 from 26,4 in March. The composite index reached an all-time low: 13,5 from 29,7 the previous month, an all-time low.
THEeuro had felt the pinch, but is currently stable against the dollar and trading at 1,0814.
THEgold it is progressing at 1752,20 dollars an ounce.
Today's session in Piazza Affari is spectacular for Atlantia, driven by new rumors of a closer solution to the Autostrade issue, with the threat of revoking the concession getting further and further away. According to a newspaper, Aspi's valuation would be between 8-10 billion.
Also in orbit Mediobanca, +6,37%, in a well-tuned sector, starting from the big companies, Understanding +3,45%; Unicredit + 2,71%.
Highly ranked Cnh +5,87%; Finecobank +5,48%; stm +4,73%. Retrieve Leonardo +4,7%. Among the oil in evidence Tenaris +3,97%. More backward but positive Saipem +1,53%, after the results for the quarter announced this morning before the markets opened.
Profit taking by sending into the red Diasorin -3,58%, even if among minors triboo it appreciates by 7,86%, driven by the news of the launch of the marketing and distribution of serological tests for Covid-19 produced by the Chinese pharmaceutical company Sobc Outdo Biotech.
Utilities are down Italians -2,48%, Snam -1,43%. Terna, -0,74%; Cassa depositi e prestiti (Cdp) has designated Valentina Bosetti and the current CEO of Acea Stefano Donnarumma as Terna's president and chief executive officer, respectively. The same CDP communicates it in view of the renewal of the board of directors of the investee on the agenda of the shareholders' meeting called for 18 May.
Fractional earnings per Exor +0,91% and Cheetah +0,22%, on the day of the closing of the purchase by Exor of 48,8% of the share capital of Gedi da Cir e Mercurio (Perrone family). Also today is the news that Carlo Verdelli is no longer the director of Repubblica, head of the Gedi group. In pole position for the replacement there would be Maurizio Molinari, currently director of La Stampa.
