The stock markets have fully absorbed the shock of theWestminster bombing. Piazza Affari, favored by favorable indications on the recovery front, gains 0,4%. The index Ftse Eb has risen above 20 thousand. On positive ground too Frankfurt (+ 0,1%) and Madrid. Below parity Paris e London. The performance since the beginning of the year of the Italian blue chip index has exceeded that of the Frankfurt Dax: +3,8% against +3,6%.
The change euro/dollar is stable at 1,078. Petroleum up 0,5%: Brent is trading at 50,8 dollars a barrel. Eni -0,1% Saipem -0,7%. Scenery lying on bond. 0,40-year German Bund 10%, 2,21-year Btp at 182%, with the spread narrowing to XNUMX basis points.
La ECB allocated €233,473 billion of funds over 4 years in the fourth and final window of the second Tlter program, accepting applications submitted by 474 banks in the euro area.
The most important appointments of the day are scheduled in Use: Tonight Janet Yellen speaks for the first time since the rate hike. Meanwhile, today the health reform wanted by Donald Trump is being put to a vote by Congress. Investors fear a rejection could curb promised tax cuts.
Cold shower on Germany. Consumer confidence fell unexpectedly to a five-month low in April. The figure, released this morning by the Gfk research institute, reflects fears about the reduction in purchasing power due to the rise in inflation.
Some eurozone banks may need to be liquidated if there are no other viable avenues for their rescue. The number one of ECB supervision, Daniele Nouy, during a hearing at the economic and financial commission of the EU Parliament highlighted the excessive fragmentation of the banking system. “In particular cases – he said – consolidation can also take the form of bank dissolution if they become unsustainable”.
It shines in Piazza Affari Ferrari (+2,2%): Citigroup has raised its rating to Buy from Neutral, the target price rises to 74 euros from 48 euros.
Among the banks in evidence Understanding (+1,5%): Barclays raised its target price to 2,7 euros from 2,55 euros, confirming the Overweight rating. Salt too Unicredit (+0,5%): following execution of the 13 billion euro capital increase, the Abu Dhabi-based Aabar fund is the main shareholder with 5,04% of the capital. Among other institutes, B for Bank + 1,1% Bpm bank + 0,1%.
Weak Generali (-0,4%): Reuters reports that the company has instructed Rothschild to find buyers for assets in Colombia, Ecuador and Panama. Catholic + 0,5%.
Back off Poste Italiane (-1%), Anima +2%. Live Telecom Italy (+1,2%) just a few hours before the BoD dedicated to the quarterly accounts.
