Still in positive ground the European Stock Exchanges after the leap that greeted Emmanuel's affirmation yesterday Macron. In Piazza Affari, the Ftse Mib index rose by a quarter of a point around 20.700 points. The Paris stock exchange advanced by 0,15%, Frankfurt +0,04%. Madrid is down about 0,30%. London +0,2% approx.
Continue on recovery of government bonds of the so-called "periphery". The yield of the 10-year BTP is indicated at 2,20%, almost unchanged compared to yesterday. The Spread rises to 188,20 points basis (+1,78%).
Sale more the yield of the German Bund, shown at 0,35% from 0,32% yesterday. In particular, that of the two-year government bond dates back: -0,67%, the highest level since the end of January.
On the currency market the euro slightly extends the gains recorded yesterday against the dollar. The single currency rose to 1,0888 dollars from 1,0867.
To signal the decline of the Canadian dollar (-0,5% to 1,3570 dollars on the lowest since December) after the announcement of new tariffs from the United States on timber imported from a neighboring country.
Oil up slightly with Brent trading at 51,8 dollars a barrel (+0,3%).
Eni salt of 0,14%. Tenaris -0,47%: Equita raises the target price to 15,8 euro from 15 euro, Hold confirmed. In evidence Saipem +2%. The company is preparing to participate in an important tender for high-speed rail in Russia.
The results push the I raise the Ams share +14,1% after the chipmaker reported first-quarter revenue above estimates. The sector of the European sector rises by 1%. Stm, on the eve of the accounts, rises by 2,2%.
Results above expectations also push the title to Stockholm Volvo up 7,4%. Paris remains at the heart of financial movements. The luxury sector is in fibrillation afterwards the announcement of Lvmh +3,96% willing to acquire Christian Dior Couture +12%, a 100% subsidiary of the Christian Dior SA holding company for 6,5 billion euros. Meanwhile, the Arnault family group, which controls 74% of Christian Dior SA, offers to repay all the minority shares by offering 172 euros plus shares for each title Hermès -5% in portfolio since the failed takeover of the maison. The objective of this double operation is to unify the Christian Dior brand within Lvmh, which already owns the perfume business, said LVMH chief financial officer Jean-Jacques Guion.
The meeting of Vivendi is underway in the French capital +1,76%%. Vincent opens Bolloré he said: “the company can pursue an ambitious strategy in several regions such as Africa, Asia and Southern Europe through a very solid financial structure and its shareholder, the Bolloré group which holds 29% of the voting rights as of April 2017, which it gives the necessary long-term stability”. The luxury sector in Milan is positive: . Ferragamo +1,7%, Luxottica +0,66%, Moncler -0,05%, Yoox Neta Porter +1,25%.
“The ambition towards Italy hasn't changed” said CEO Arnaud from Puyfontaine adding that “the best is yet to come, as the Italians say: Vivendi wants to be part of Telecom Italia”. Instead, shifting attention to Mediaset -0,47% (Equita lowered the target to 4 from 4,3 euros, hold opinion) the CEO explained that "our dialogue did not start on the best basis but I hope for a constructive solution and everlasting". Telecom Italy + 2,33 %: Kepler Cheuvreux raised the target price to 1,1 euro from 1,05 euro, confirmed Buy.
The banks are in positive territory. Ubi +1,22%. UBS has started covering the stock with a Buy recommendation and a target price of €4,65. Understanding + 0,96% Unicredit +0,3%. The two banks are at the forefront of the new crisis of Alitalia: Company employees rejected the restructuring plan.
Mediobanca +1,05%, Bper Banca +0,5%, Banco Bpm +1,1%.
Also worth noting:
Atlantia -1,82% is this morning worst blue chip. Ubs lowered its rating this morning to Neutral, from the previous Buy. In addition there is the no of Alitalia workers to the restructuring plan, a pronouncement that opens the door to the company's receivership. Atlantia is at the forefront of the new Alitalia crisis, as it controls Rome Airports.
Technogym is among the liveliest stocks today with a 1,3% gain pushing the price to €7,055, new historical maximum. YTD gain improves to +55%. This morning JPMorgan expressed itself cautiously on the stock, setting a target price of 5,50 euros, adjusted from the previous 5,0 euros.
Enel -0,76%, Fiat Chrysler -0,41%, Prysmian -0,9%.
