The indiscretion that Donald Trump wants to postpone the duties on the auto sector by six months makes the markets breathe a sigh of relief which, at the news, change course from Frankfurt to New York, almost all of which go positive. It's almost there Milan, who finished in the black jersey, -0,14%, 20.863 points, after having risked half a bloodbath, given that in the middle of the session the losses exceeded 1%. Boom by Ferragamo, +9,85% following the quarterly accounts and spin of fca which, after the initial drop, gains 1,5%. On the other hand, the balance sheets of the banks remain negative, alarmed by the rise in the level spread. The difference between the 10-year Btp (2,75% yield) and the Bund rose by 1,28% to 284.30 basis points, after soaring up to 290, the highest for about three months. The Italian paper continues to remain under pressure due to the words of Deputy Prime Minister Matteo Salvini, ready to exceed the budgetary limits on deficits and debt in order to promote growth. Today, however, Prime Minister Giuseppe Conte and Economy Minister Giovanni Tria tried to send reassuring messages, guaranteeing the stability of the government and numbers in order.
The other European markets close in green: Frankfurt +0,9%; Paris +0,62%; Madrid +0,54%; London +0,76%; Zurich + 0,82%.
Wall Streetmoved higher after a lackluster open as auto stocks rallied. FCA, game in the red at the Nyse, rises by 1,55%. The sector was revived by the news on tariffs, provided by Trump administration sources to CNBC, as the May 18 deadline approaches, within which the White House must evaluate whether to impose tariffs on imported cars and automotive components. By law, he has another 180 days to make a decision. Meanwhile, while US negotiators will soon be in Beijing ahead of the meeting at the end of June between the presidents of the US and China, Treasury Secretary Steven Mnuchin announces that the United States is "close to an agreement with Mexico and Canada" for the removal of duties on aluminum and steel.
The euro-dollar is flat, in the 1,12 area.
The unexpected increase in weekly oil inventories in the USA does not affect the performance of crude oil, which has gone positive: the WTI moves up to 62,04 dollars a barrel (+0,42%); Brent at 71,89 dollars a barrel (+0,91%).
Gold is flat, trading at 1296,39 dollars an ounce.
The session of the blue chips in Piazza Affari closed with the stellar performance of Ferragamo, promoted by the analysts, who raised its target price up to 20 euros after a quarterly review described as "encouraging". Still running stm +3,31%; A2a +2,9%; Pirelli + 2,88%.
The biggest discounts are those of Ubi -2,83%; Mediobanca -2,82%; Unipol -1,95%; Atlantia -1,93%.
Outside the Ftse Mib it closed slightly higher Ima, +0,98%, after the quarterly, while the subsidiary soars Gima +4,12%. Flat Mondadori, -0,13%, despite the forecast of an "ordinary cash flow expected to be around 45 million" which, for the company, creates "sustainable conditions for a possible future return to the dividend".
