It accelerates more than expected German industrial production (+0,2% in February) and the stock markets responded with an increase to the new positive signal from the economy. In Milan the index FtseMib gains 0,96%, to 23.803 points. They do better than the Stock Exchange Paris (+1,28%) and that of Frankfurt (+ 1,01%). Madrid + 0,57%. London (+1,07%) advances on the wave of M&A.
The overall index of the Stoxx 600 European stock exchanges rose by 0,6% to a new all-time high. The strongest increases concern Construction stocks (Stoxx of the sector +1,4%), Media (+1,3%) and Automotive (+1,2%).
Meanwhile, the confrontation is becoming more and more dramatic between Brussels and Alexis Tsipras, on the second day of his Moscow visit. Athens has paid off the loan tranche owed to the IMF, but now finds itself with empty coffers and new deadlines on the way.
The Kathimerini newspaper reveals that the deputy finance ministers of the euro zone have given Athens 6 working days to present new reform proposals, with the aim of reaching an agreement at the Eurogroup on 24 April. Meanwhile, the yield on the 0,15-year German Bund fell below 0,149%, to XNUMX%, a new all-time low.
Weak the American indices: Dow Jones -0,17%, the Nasdaq -0,13%. The S&P500 was almost unchanged (-0,01%). The American Stock Exchange is little moved despite the positive data coming from the US labor market. Claims for unemployment benefits totaled 281, less than the expected 283. The average of requests in the last four weeks (from mid-March to April 4), equal to 282 per week, is the lowest in the last 15 years. But the signal in favor of a rate hike is offset by worries about the strengthening of the dollar.
The accounts of Alcoa (-4,8%), the first company to announce first-quarter numbers, give room for concern: earnings are better than expected, but the aluminum giant's turnover, expressed in dollars, is down.
He has no such concerns Walgreen boots alliance, which has the Italian Stefano Pessina as its main shareholder. The colossus that in America manages an immense network of pharmacies and supplies some health services rose by 2,8%, to 90,08 dollars, a new all-time high after the accounts for the last quarter, closed on February 28 with a profit of 1,18 .0,95 dollars per share, higher than the XNUMX dollars indicated by the consensus of analysts.
Il dollar it continues to strengthen against the euro: the exchange rate is at 1,072, from 1,078 at yesterday evening's close. After the fall of 6%, the rebounds Petroleum: Brent is traded at 56,6 dollars a barrel (+1,9%), Wti at 51 dollars (+1,2%). In Milan Eni + 0,6% Saipem -0,3%. Tenaris earn 1,3%.
At Piazza Affari it took off Mediaset (+2,5%) on the wave of the hypothesis of an offer from the French giant Vivendi. The CEO of the French group, Arnaud de Puyfontaine, spoke in an interview about the forthcoming examination of possible targets for acquisitions. According to Mediobanca Securities, "Mediaset could represent an interesting strategic option" for the group led by Vincent Bolloré.
In the media sector, the leap of Rcs Media Group (+7%). In the Automotive it runs Fiat Chrysler, which gained 2,8% after announcing the issue of a 3 billion dollar bond and the launch of a 500 million investment in Termoli to build the two new Alfa Romeo engines. Exor salt by 2,2%.
Meanwhile bmw advances 1,6%, Volkswagen + 1,2%.
Luxury continues to shine: it doesn't stop Ferragamo (+1,1%) after the 6,2% leap on the eve of yesterday which gained 6,2%. Well too Luxottica (+ 1,4%), Tod’s (+ 1,9%) and Moncler (+1,6%). In Paris lvmh advances by 1,1%. The banks moved little: Mount Paschi -0,3% Understanding + 0,3% Unicredit + 0,3% Mediobanca + 2,1%.
