Milan still closes in rally, while oil warms up the engines of European stock exchanges and Wall Street, with Dow Jones and S&P500 hitting new records. Indeed, in Vienna the producing countries found the agreement to cut production. In the wake of this newfound confidence, crude oil prices rose further: Brent soars above 51 dollars a barrel (51,67), thanks to a surge of 9,19%%. The oil stocks toast with the black gold from one side of the Atlantic to the other. In mid-afternoon, the S&P 500 energy index rose by 3,9% and recorded one of the largest daily increases since last February. While giants like Exxon and Chevron are up about 2%.
The Ftse Mib flies: +2,23%, supported by energy companies, but also by banks. Less exuberant, but still positive, are the other price lists on the continent: Paris +0,59%; London +0,17%; Madrid +0,24%; Frankfurt +0,19%.
Lo spread between Btp and Bund at ten years, it loosens its grip a little further: the spread drops to 171,20 basis points (-2,78%) with a yield of 2%. The Treasury has filled up on requests and reopened the maximum amount of 937,5 million euros of medium-long bonds at auction yesterday. In Piazza Affari, Saipem explodes +9,61%, followed by Tenaris +6,58% and Eni +3,79%.
The banks are having a day full of satisfactions. In the foreground Unicredit +4,23%; Pop Milan +4,48%; Banco Popolare +4,3%. Bper proceeds +1,28%, while Credito Valtellinese invites the Modenese bank to come forward.
Mps, after yesterday's boom, faces another effervescent session, +5,68%, even if in the morning the stock travels in a roller coaster, losing and gaining points in the space of a few minutes. Purchases from Intesa +2,85% and Mediobanca +3,75% prevail. In the insurance sector, Generali +2,41%, Unipol +2,75%, Unipolsai +1,75% grew.
Extraordinary performance of Stm +3,43%. Above the percentage point, Campari is sailing +1,34%; Telecommunications +1,49%; Luxottica +1,22%; Finecobank +2,13%. The other seas were not rough, with a small storm only on Yoox Net-A-Porter Group, -2,26%. To report the crackling debut at AIM Italia for Fope, an ancient Venetian company specialized in fine jewellery. The euro falls against the dollar by 0,82% (1.056). Gold loses appeal: -1,27%.
Finally the president of the ECB Mario Draghi, in Madrid, speaks again to the Eurozone countries to invite them to proceed with structural reforms, in particular by loosening "the regulatory barriers that inhibit small companies from hiring" and underlining that "Italy and Spain have tried to address this problem" .
