After the entry of CDP won't quench your appetite telecom, +6,94% (+12,5% in two days with trades involving 3,5% of the share capital) and Milan contains losses to -0,17%, 22.929 points, closing slightly better than the other European markets, Frankfurt -0,52%; Paris -0,35%; London -0,22%.
Wall Street opens out of tune and accelerates downwards in the first hours of trading, awaiting Governor Jerome's words Powell, at 19.30 Italian. But in the end he closes in deep red. Weighs the rhetoric on tariffs between the US and China, revived yesterday evening by Donald Trump with closed markets, while tensions with Moscow are heightening, due to US sanctions against 24 Russians, including government leaders, seven oligarchs and 14 entities, in response to electoral interference in the presidential elections. The American data on jobs for March are also digesting, when fewer jobs were created than expected (103.000 against 178.000 expected) and hourly wages grew more than estimates on a monthly basis (+0,3%, expected +0,2 %) but in line on an annual basis (+2,7%).
Il dollar weakens and the euro recovers 1,227 (+0,27%). Petroleum downhill, with the Brent at 67,33 dollars per barrel (-1,46%). More attractive They, at 34,91 euros per gram (+0,17%).
Italian government bonds are stable, with the Btp 10 years which shows a yield of 1,79%. The spread with the Bund, however, it is recovering at 129.20 basis points (+3,44%).
In Piazza Affari, a rain of purchases pours even today on telecom, after CDP decision to enter the capital up to 5% and the clash Vivendi-Elliott. Tim is also the most traded stock. Again in Moncler money, +1,15%. Utilities performed well: Snam +1,22%; A2a 1,21%: Italgas +1,05%.
Among the worst blue chips are some stocks returning from the excellent performance on the eve: Cnh -3,47%; Buzzi -2,05%; Tenaris -1,99%. Black sheep it is Prysmian -4,37%; bad too Finecobank -3,32%. Fiat it lost 0,92%, in line with the auto sector, weak throughout Europe and particularly sensitive to the issue of duties. According to Moody's, the proposed spin-off of Magneti Marelli, announced by FCA yesterday, is negative for the credit profile of the group, although it will not have an impact on the rating.
Weak major banks, with the exception of Ubi +0,9%, which he would be evaluating a securitization transaction with public assistance (GACS) for a total figure between 3 and 4 billion. Outside the Ftse Mib they mark great increases Ps +5,55% and Creval +4,33%. The latter has entered into an agreement with algebris for the sale of a portfolio of non-performing loans at a price exceeding 43% of the gross book value which amounts to over 245 million.
