European markets triggered the turbo in the wake of Asian stocks. Piazza Affari also participates in the race +1,12% close to 21.800 points on levels not seen since last August.
The other price lists also go up. Frankfurt leads the race +1,15% ahead of Madrid +1,06%. Paris +0,70%. The Eurostoxx synthetic index moves to its highest level since September. Flat London, awaiting developments on Brexit.
The data contributed to the positive sentiment SME services. In Italy, the index stood at 53,1 points, up from 50,4 points in February. The composite PMI index, which monitors the combined performance of the manufacturing and services sectors, is also growing. In March, the indicator rose to 51,5 points, in line with the figure for the entire Eurozone (51,6).
In the wake of the good macro data, the yield on the 10-year BTP fell by 6 basis points to 2,49%. Spreads 250.
The return of risk appetite triggers the sale of assets considered safe: the yield on the German Bund rises above "zero".
The euro rebounded this morning to 1,124 against the dollar, after eight consecutive sessions of decline. The pound appreciates at 1,318 against the dollar: +0,5%. After seven hours of cabinet meetings, Theresa May announced on Tuesday evening that she would ask the EU for a short Brexit extension and launched an appeal to Labor to obtain an extension from Article 50 and avoid the no deal option.
There are numerous operational cues on the stock markets. THE winds of peace on trade between the US and China they charge up the chip sector: Stm +6% it thus ranks at the top of the price list.
The thrust also affects the automotive industry. Fiat Chrysler advanced by 0,68%. In great evidence Brembo +4,64%. Alberto Bombassei said he was willing to drop below 50% by diluting his share in the hypothesis of a merger project. Cnh Industrial also rose sharply +2,65%. The positive tone affects the entire sector, with Sogefi +4,85%.
The banking sector was also up sharply: the sector index rose by 2%, all in all in line with the rest of Europe. Unicredit +3,2% is the best in the sector, the rumors about a short-term agreement with the US authorities on the case of sanctions against Iran help. Mediobanca Securities notes that the agreement with the US (900 million dollars) would have an almost neutral impact on Cet 1.
Bene Azimuth+2% in line with the industry. Chairman Pietro Giuliani says the January-March 2019 period was one of the best in the company's history. The other stocks in the asset management sector are also highlighted. FinecoBank +2%, Banca Generali +1,9%.
In decline Soul Holding -0,59%: Citi has indicated a target of 3,73, however slightly higher than the current stock market value of 3,69.
Generals +0,5%. Barclays cuts the target price.
In the rest of the list:
- Mediaset +2,8% after the declarations of Fedele Confalonieri on possible mergers and acquisitions.
- De'Longhi -1,5%. Berenberg cuts judgment to Hold da Buy.
- Safilo +3%, announced that it has received an offer for its US brand Solstice, which is likely to be sold by the end of the year.
- Salini Impregilo +1,5%, announces this morning that it has acquired the majority stake in Cossi Costruzioni from Condotte d'Acqua.
