Banks and oil stocks support Piazza Affari which rebounds, +0,51%, 24.266 points, dragged by Bper, +8,26%. The secondary sector, on the other hand, also closed down today, with the 10-year BTP yield at 1,88% and the spread with the German ten-year bond rose to 131.90 basis points (+1,31%), the highest since the end of March. The political "clearing up", with the request to the Quirinale for another 24 hours of time by Lega and 5 stars to find an agreement, does not seem to reassure investors much.
In the rest of Europe, London asserted itself, +1,28%; lagging behind Madrid +0,52%, Frankfurt +0,24%, Paris +0,23%. Wall Street opens in tune and continues, for the moment, without great momentum. The euro-dollar exchange rate moved little in the 1,185 area.
Above all, stocks linked to oil, which remains the great protagonist after Donald Trump's break with Iran, are encouraging the lists. The quotes also benefit from the weekly data on US inventories, unexpectedly declining. Brent rose by 2,69% to 76,86 dollars a barrel; Wti +2,62%, $70,87.
On the podium of the Ftse Mib, however, there is a bank, Bper, rewarded by purchases after the quarterly report presented last night, with record net profit and the announcement of a more aggressive strategy on non-performing loans. Ubi +3,5% and Banco Bpm, +2,91%, Carige +5,95% and Mps +3,77% also stand out in the sector. Credito Valtellinese dish, after a loss-making first quarter. In asset management, Azimut is down -1,32%.
In great dust Saipem, +5,89%, which is the best among oil stocks, ahead of Eni, +2,77%, and Tenaris +1,64%. Leonardo, +3,03%, rears up after the results released yesterday, in line with expectations. Analysts point out that the stock trades at a significant discount (“unjustified” for Mediobanca Securities) compared to its counterparts in the sector.
At the bottom of the list are Pirelli -2,31% and Fiat -1,95%. Telecom still in decline -1,54%, despite Moody's promoting the appointment of Amos Genish as CEO. Weak Prysmian, -0,59%, which received the go-ahead from the Antitrust to acquire General Cable. Sales penalize utilities, in particular Snam -1,63%. Weak Terna, -0,56%, after the accounts.
Astaldi shines in the Star segment, +15,35%, following the rumors about a foreign partner for the capital increase. The new shareholder could be the Japanese Ihi, for a third of the increase. Mediobanca Securities in the daily note underlines that the news, if confirmed, “would give Astaldi enough oxygen to proceed with the Turkish disposal programme. The level of gross debt would be, after the capital increase, still high but more under control". Fila remains in pole position, +3,04%, after the announcement of shopping in the USA.
