The rally in oil and the good intonation of banks favor the positive closure of the European Stock Exchanges, held back however by the auto sector. Indeed, in the final Donald Trump sends yet another Tweet into orbit “we will put 20% duties on all their cars arriving in the United States. Build them here!”.
Piazza Affari gains 0,99%, 21.888 points, with Bper (+7,36%) at the top of the list in the wake of yesterday evening's news that Unipol (+1,75% on the Stock Exchange) rises to 13,1% in capital of the former popular. The Bolognese insurance company lets it be known that it will evaluate a further increase in the bank, but that it does not intend to exercise control, not even de facto. Good Bpm +3,13%. Oil-related stocks show great dust, with Brent gaining 2,09% and reaching 74,58 dollars a barrel, after the decision by OPEC, in Vienna, to increase production up to a maximum of one million of barrels per day (about 1% of global production), essentially around 700 barrels. The performance boosts titles such as Tenaris, +4,85%, which will also restart production in some areas of the Conroe plant in Texas by September, after a three-year suspension. Tonics Saipem +3,66% and Eni +3,13%. At the bottom of the list is Fiat -2,42% and Ferrari -1,19%, penalized by American threats, even if CEO Sergio Marchionne has repeatedly stated that any US duties do not affect the FCA market, while they could weigh on the horse rampant, but it is not known to what extent.
Sales penalize Stm, -1,51%; Moncler -0,53%; Italgas -0,66%. Cold ending for bonds, with the spread between Italian and German ten-year bonds rounding off to 237.80 basis points after yesterday's surge. While the Minister of Economy and Finance Giovanni Tria reassures the markets by putting a stop to the ambitions of the Lega and M5s on basic income and flat tax ("In 2018 - he says - we will move towards structural interventions that have no costs"), the Interior Minister Matteo Salvini declares to the weekly Spiegel (which reports it in an online preview) that within a year it will be possible to understand whether the European Union will continue to exist.
A possible positive contribution in the session comes instead to the BTPs from the good news on Greece. During the night the Eurogroup approved the relief of the Greek debt. The other European lists: Paris +1,34%; Madrid +0,93%; Frankfurt +0,54%; London +1,66%; Zurich +1,86%.
Wall Street moves in opposition. It's up the Dow 30, while the Nasdaq is in the red. The financial sector was moderately positive, after 35 US banks passed the Federal Reserve's first round of stress tests. However, Goldman Sachs and Morgan Stanley have touched the minimum requirements in the most adverse scenario of the Fed simulations. Down Tesla, which intends to close a dozen solar panel factories in nine US states. Euro slightly recovering against the dollar in the 1,163 area.
