The banks rebound and drag the Ftse Mib upwards: the basket of blue chips on Piazza Affari closes the session in positive territory, up 1,45%. Yesterday the banking sector was penalized by Moody's report on the risks of the Atlante fund which will be officially presented to the financial community on Friday 29 April. The BTP-Bund spread closed down at 123 basis points and a yield of 1,54%.
The Treasury filled up, placing 750 million on the market BTPei, BTPs indexed to European inflation. The average yield stood at 0,48% from 0,66% in the previous auction. Demand was very strong: 1,7 billion, for a coverage ratio of 2,26. 6 billion six-monthly BOTs will be auctioned tomorrow and 7,75 billion of the new July 2023 CcTeu on Thursday.
Contrast the other main ones European stock exchanges awaiting the meeting of the central banks of the United States and Japan: the meeting of the Fomc (Fed) is expected tomorrow evening and the meeting of the Bank of Japan on Thursday: London +0,38%, Paris -0,28% and Frankfurt -0,34, XNUMX%.
Wall Street it travels on parity in the wake of weak macro data and while the quarterly season is still underway: over 60 S&P500 companies are releasing their quarterly results today. On the macroeconomic front, orders for US durable goods rose by 0,8%, but below the expectations of the consensus which was betting on a more vigorous rise of 1,9%. The Conference Board index, which measures US consumer confidence down to 94,2 points from 96,1 in March, was also disappointing, while expectations were only for a slight drop to 96. The data on the prices of houses according to the Case-Shiller index: in February the increase was 5,4% against slightly better expectations of 5,5%. WTI oil was up 3,28% to 44,04 dollars a barrel and Brent by 3,01% to 45,82 dollars a barrel. In terms of exchange rates, the euro gains 1,13 dollars.
In Piazza Affari, as mentioned, purchases reward the banking sector: Bmps +5,74%, Unicredit +4,99%, Ubi Banca +4,33%, Banco Popolare +3,75%. A2A also stands out +3,82%. Only three titles in red on the Ftse Mib. FCA -2,63%, worst blue chip, after the accounts for the first quarter which showed a sharp rise in net profit to 478 million euros (27 million in the first three months of 2015 and 356 million analysts' expectations) but a debt of 6,6 billion. The company confirmed its goal of dropping it below $5 billion by the end of the year. Then Yoox -0,66% and Moncler -0,21% are in slightly negative territory.
