SUPERSTAR BANKS DRAG EXCHANGES TO NEW RECORDS
MILAN QUEEN OF EUROPE, DOW JONES OVER 15 THOUSAND POINTS
La Milan Stock Exchange leads the rally of European price lists. The index FtseMib it rises by 1,54% to 17.121 points. The London Stock Exchange rises by 0,55%, Paris +0,35%, Frankfurt +0,83%. Madrid +0,49%.
On the market for government bonds the BTPs improved, with the 10-year bond trading at a yield of 3,82% (from 3,90% in the first trades) and the spread decreasing to 255 (-12 basis points).
The yield of German Bund sale by 4 basis points to 1,28%. The Bund future falls below the psychological level of 146 points and reaches 145,70 from 146,16 yesterday evening, it is at the lows of the last three weeks.
Wall Street proceeds without delay on the upward path, the S&P500 index rises by 0,29% to 1623 points. The Dow Jones is up 0,27%, above the psychological threshold of 15000 points. NASDAQ -0,03%.
There are not macroeconomic data significant. Even the quarterly season of the large groups is winding down: tonight with the market closed, Disney presents the data, the share rises by 0,5%.
On the government bond market, i BTP, with the 10-year bond trading at a yield of 3,82% (from 3,90% in early trading) and the spread falling to 255 (-12 basis points).
In Europe, the rises of financial stocks stand out, banks (EuroStoxx of the sector +2,4%) and insurance companies (+1,5%), driven by the leap of the French Société Générale which rises by 5% after announcing better than expected results. Even the German Commerzbank announced good quarterly data and the title gains 1,4%. Deutsche Bank rises by 1,2%. In London, Barclays earns 2,2%.
In Milan Unicredit earns 3.51%, Mediobanca + 2,67% Understanding + 1,77% Mount Paschi +5.74%. Strong rise of Banco Popolare +8,76% and Ubi +7.61%.
in Frankfurt Allianz rose by 2,1% after posting results that were better than expected.
Good upside of Generali which increases by 1,91%. Fondiaria -You know-1,55%, Cattolica Insurance + 2,5%.
In asset management there was a strong increase of Mediolanum +4,35%, today Equita confirmed the “Buy” rating. Azimut +0,8% after the release of April harvest data. Banca Generali -2,2%, in the morning the stock had reached an all-time high, it folded after the release of the quarter's data.
In Piazza Affari recovers Telecom Italy +0,94% after yesterday's sharp fall (-2,8%). A crucial board meeting is convened for tomorrow on the merger plan with 3Italia and on the possibility of spin-off of the network. According to rumors, the operation could also involve Metroweb Italia, the company controlled by F2i (with 53,8%) and Fondo Strategico Italiano (46,2%) of Cdp. And. The estimates circulating on the market for the network speak of an equity value of approximately 4 billion (14 billion of enterprise value and 10 of debt): the contribution of Metroweb Italia, whose value is estimated at almost 400 million, would therefore be worth little less than 10%.
Enel rises by 1,57%, this afternoon the group presents the data. EnelGreen Power +0,54%. A2A loses 3,13% after the publication of the data. In the first quarter, Ebitda stood at 328 million euros, 3 million euros more than the consensus estimates.
Eni advances by a modest +0,65%, Saipem +0,91%. Crude is down slightly with Brent at 105,3 dollars a barrel (-0,1%).
Among the industrial titles Fiat advances by 2,26%. Auto production in Brazil climbed 6,8% and sales rose 17,5% in April from March. Brazil is a key market for major automakers, including Fiat.
Pirelli -1,28%. Finmeccanica earns 0,91% and the subsidiary Ansaldo Sts salt by 2,69%.
D'Amico is up 5,3% between mid and small caps: thanks to the strong recovery in the tanker sector in the first quarter (average revenues at the highest levels since 2009) it allowed the company to make a net quarterly profit of $7,6 million, the best quarterly result in nearly four years.
