The European Stock Exchanges, as if to celebrate the end of a troubled electoral campaign, accelerated in the last session before the vote. Favoring the rebound are Donald Trump's soothing statements on Huawei which suggest a softening of the comparison on tariffs. The news of the next one does not disturb the climate exit of Theresa May, probably in favor of Boris Johnson, partisan of London's exit from the EU without an agreement. Yesterday, according to exit polls, Labor would have won in the Netherlands. Evil Geert Wilders, allied in Europe with the League.
Piazza Affari recovers more than 1,5% around 20.450, moving away from a complicated technical situation. The other price lists are also brilliant: Paris, Frankfurt and Madrid gain just under one percentage point. London on point.
The Italian "card" recovers positions: lo spread on the Bund it fell by ten basis points to 267 basis points. The 2,55-year rate is 2,64% from 0,116%. The German XNUMX-year benchmark yield trades at -XNUMX%.
But, confirming that the market situation remains high-risk, comes the alarm raised by Reuters: the Treasury will most likely not issue a new Btp Italia before the summer to avoid last November's flop. Since its introduction in 2012, at the height of the Italian debt crisis, the Treasury has never missed the appointment with the spring issue.
Italy, guaranteed Matteo Salvini, will not go beyond the limits imposed by Brussels: the deputy prime minister said he was also willing to negotiate with his political opponents in Europe, "to defend the country's interests".
THEeuro it appreciates at 1,120 on the dollar. Oil is recovering from yesterday's -4,5%: this morning North Sea crude gains 1% to 68,4 dollars a barrel. Eni it advances by 1,5%.
The rebound in price lists is general. Among the high tech, he rears his head stm + 0,58% to 13,83 supported by the expectation of the thaw on Huawei.
Corre Cnh (+3,5%) following the announcement of the restarting a buyback program which provides for the repurchase of common shares for an amount up to 700 million dollars. Fiat Chrysler rises by 0,9% and Prysmian by 0,5%.
Among the financial it shines Unicredit +2,78%. According to Fidentiis, over time the bank can reach (and exceed) Understanding +1,8% for the generosity of the coupons. Where's Banca salt by 2,8%. Bpm Bank + 2,3%.
Also good Generali +1,9% who defined the sale of a portfolio of life policies of the English branch, the transaction is worth a 1% improvement in the solvency margin.
Take off Unipol +3,9%: Kepler Cheuvreux increased its target price to 4,95 euros from 4,85 euros, also raising the subsidiary's target Unipolsai +2,5% (€2,25 from €2,2). In the managed Italian post + 1,5% Azimuth + 2%.
Recover Telecom Italy +0,8%: Barclays brought the target price to 0,46 euro from the previous 0,44 euro.
Outside the main basket:
- Mediaset it rose by +1,27% after the sharp drop recorded yesterday in a market where fears are emerging about the feasibility of the long-announced pan-European TV pole.
- Rest +2,6% after the announcement of revenues for the first four months in line with expectations in general but higher than forecasts in North America.
- Soar sapphire with a leap of about 6% after the agreement for the sale of the US chain of Solstice stores.
