Concern the China exhausted by the lockdown, futures do not bode well in view of the opening of US stock exchanges. And the European Union cuts growth estimates. In this picture matching the gloomy gray Piazza Affari can count on the solidity of Interpump, the multinational created piece by piece by Cavalier Fulvio Montipò, a very poor family, student worker in Trento in the years of Renato Curcio, protagonist of dozens of prudent and fortunate acquisitions that gave birth to the world leader in the production of high pressure hydraulic pumps. This morning the market rewards the Interpump share with an increase of about 7%, on the trend of the excellent results: +30,1% revenues, +24,9% Ebitda and positive prospects also for the second quarter - rewarded by brokers.
The exploits of Interpump, together with the new leap of Saipem +3,5% and the rebound of Hera and Tenaris both +2,5%, and Maire +4,1% contribute to keeping the Piazza Affari index in positive territory +0,08%, better than the rest of Europe, starting with Frankfurt below 0,6% and Paris. Markets fear the opening of Wall Street. However, Vodafone +3% in London thought of igniting the attention. Emirates Telecommunications Group Company purchased 2,766 million shares of Vodafone, or 9,8% of the share capital, at a cost of approximately $4,4 billion. The agreement could lead to possible commercial partnerships in the fields of research and development, technology applications and procurement.
Gold slips below $1.800 for the first time since early February, displaced by the strength of the US dollar (euros at 1,041).
Oil Brent and Wti are down by 1,5%. Gas prices in Amsterdam fell by 3,4% to 93,50 euros per MWh, betting on the conditional go-ahead from the European Commission to payments for supplies in rubles by European operators. The new rules are expected just before the deadlines for the next payments.
Salt on soft wheat +4%: the price jumped to its highest level in more than two months after the decision to block exports taken by India, the world's second largest producer,
Il Bitcoin slips again below $30. The European Central Bank could start developing the digital euro, an electronic version of notes and coins, by the end of next year. This was stated by Fabio Panetta, member of the Governing Council of the ECB.
The other themes of Piazza Affari are few. Snam +1,9% and Terna +1,4% rose on the wave of the return of interest in the merger between the two companies.
Banks in no particular order, Unicredit Sale +1,2%, Understanding down by 0,6%. Down Nexi-1,6%) which continues to be targeted by sales despite the positive quarterly results.
Collection Saras +4,6% waiting for the quarter and the presentation to analysts during the day. Erg also performed well + 2,1%, rewarded by results that exceeded expectations. Broker Kepler Cheuvreux raised its target price to 35,7 euros from the previous 34,4 euros.
