European stock markets close up slightly, but remain cautious, perhaps still intimidated by the risk of tariffs, despite the decisive rebound in Wall Street
Business Square earn it Present in several = 0,54% and exceeds the psychological threshold of 23 points (23.053), supported by utilities, banks and Fiat. Volatile telecom, which is still the most traded stock today.
Positive Madrid, +0,82%, weaker Frankfurt, +0,17% and Paris Eurozone investor confidence fell by 0,1% in April for the third consecutive month, impacted by fears of a slowdown in global growth amid trade tensions between the United States and China. Meanwhile, the president of the ECB Mario Draghi, in the introduction to the 2017 annual report he writes: “We expect the pace of economic expansion to remain strong in 2018, however even if we remain confident that inflation will converge towards the medium-term objective, there are uncertainties about the level of inactivity in the economy”. Therefore "patient, persistent and prudent monetary policy remains necessary to ensure that inflation returns to our target".
London +0,15%, while the stock market plunges Moscow -8,34%, following the US sanctions. The heaviest collapse is for Rusal, the company of aluminum king Oleg Deripaska, included in Washington's sanctions list.
Euro ascending the dollar, to 1,23 (+0,3%). Among the subjects, the Petroleum, Brent at 68,38 dollars a barrel, +1,89%; while it is slightly moved their around 34,8 euros per gram.
The Italian secondary is doing well, the only exception in the euro area sector and in line with Piazza Affari. The yield of decennial drops to 1,77%, while the spread with the Bund it drops to 126,30 basis points (-2,17%).
Today's top headlines Ftse Eb are Italgas +1,72%; Atlantia, + 1,56% Bper +1,51%: Banco bpm +1,56%; Fiat +1,27%. The worst Buzzi -2,33%; Prysmian -2,27%; Ferragamo -1,6%; Saipem -1,88%; Recordati -1,07%.
Among the banks it loses share Ps -3,41%, with the attenuation of the hypothesis of aggregation with Where's Banca (+ 0,89%).
After a sharp decline, Telecom revives a bit, +0,12% e the match between Vivendi and Fondo Ellliott is enriched with news. According to the dossier sent to the SEC, the US fund now owns 8,8% of Tim's ordinary share capital, plus call and put options equal to 4,9%. Furthermore, in a presentation to analysts, the Fund writes that the separation of the network would make it possible to halve the company's debt from 25 to 12 billion euros and to "distribute a stable dividend to ordinary shareholders". In 2019 it could be “1,2 billion euros of dividend”.
