After a morning marked by volatility, in the early afternoon the European stock exchanges embarked on the upward road in unison. The best is Piazza Affari, with the index Ftse Eb which around 14 pm gained 30%, exceeding the important threshold of 1,33 points. They follow Paris (+ 0,8%), Frankfurt (+ 0,5%) and London (+ 0,2%).
Investors breathed a sigh of relief afterwards the verdict of the German Constitutional Court, which he defined Esm is legitimate, the mechanism to support European states in difficulty. The news took second place the German Zew indexresult lower than expected.
Milan is primarily driven by bank stocks: Mediolanum (+ 4,28%), Banca Monte Paschi Siena (+4,26%, speculation bets on the imminent entry of a new shareholder into the shareholding structure), Intesa Sanpaolo (+ 3,96%) and Unicredit (+1,3%, after +5% yesterday). The worst performances are instead those of Yoox (-2,92%), Pirelli & C (-1,78%), Buzzi Unicem (-0,80%), Prysmian (-0,61%) And Exor (-0,23%).
Fiat fluctuates on parity, on the day of publication of European registrations improved by 5,6% in February, however less than the European average.
Telecom Italy registers a progress of more than 1% in the expectation of the list of names that will be proposed for the next board of directors. Meanwhile Blackrock has reduced its share below 5% of the capital.
Lo spread between the Btpm and the Bund it is declining live, to 178 basis points, with yields on our ten-year government bonds at 3,38%. On the currency front, theeuro it is down against the dollar at 1.38975. As for the Petroleum, Brent fell to 106,04 dollars, while Wti rose to 97,73 dollars.
Meanwhile, the nervousness is rising for the decision that tomorrow will take fomc, i.e. the operating arm of the Federal Reserve (for this reason, today's data on US inflation will also be crucial).
Wall Street opens higher, with investors mostly looking at the macroeconomic data arriving in the United States: consumer prices have grown in line with estimates and, even if the new construction sites started have decreased, building permits, an index of the trend future of the real estate business, have grown to their highest level since October. The Dow Jones rose by 0,23%, to 16.28401 points, the Nasdaq advanced by 0,16%, to 4.286,51, while the S&P 500 grew by 0,17%, to 1.862,17.
