After an uncertain start, the European stock markets moved higher at the end of the morning. In particular, the Paris stock exchanges gained +0,7% and Madrid +0,4%. Frankfurt remains on parity. Piazza Affari slightly decreased -0,04% around 19.800 points.
To monopolize the attention of the markets are the imminent French elections. The latest indications are judged positive. According to a study by Vigiglobe, specialized in the analysis of big data, the latest trends detected on social networks show a comeback of the centre-right candidate François Fillon, already a potential target of terrorists in Marseille who could overtake Marine Le Pen and go to the ballot with Emmanuel Macron.
At the same time, tensions on the bond market eased. The 0,24-year Bund yield rose to +0,17% from +2,29% yesterday morning. The ten-year BTP is traded at 2,26% (yesterday XNUMX%). spread unchanged at 205 basis points.
THEeuro it strengthened against the dollar to 1,077, from 1,071 yesterday.
Petroleum recovering after yesterday's sharp decline: Brent is traded at 53,4 dollars a barrel, up 0,9%, after losing 3,5% yesterday.
Oil companies are down: Eni unchanged, Saipem -2,1%, Tenaris -1,6%.
In Piazza Affari, however, the rebound of bank stocks continues. the index of Italian institutes marks +0,9%.
Unicredit +1,69% while the meeting is in progress. Luca di Montezemolo resigned from the vice presidency. Aabar, the Abu Dhabi sovereign wealth fund, remains the largest shareholder with 5,038%, even after the recent 13 billion euro capital increase. Shareholder investment funds with a stake between 3% and 5% are exempt from disclosing their stake. CEO Jean Pierre Mustier said bad debts fell by 2016% in 36.
Bench Bpm +2,06%: Bain, Blackstone, Algebris and Cerberus are bidding for a 700-800 million NPL portfolio put up for sale by the bank. Entente +1,1%, Ubi +1,3%.
The recovery of the banks also continues on the other markets. In Paris Bnp Paribas climbs 2,6%, SocGen +1,4%, Santander +1%.
Heavy the drop of Atlantia -3,2%, Deutsche Bank cut its rating to 'hold' from 'buy' following the confirmation of preliminary talks with Abertis for a possible deal (likely a friendly takeover bid).
Mediaset +1,30% it is in positive ground after eliminating the losses recorded in the first part of the session in the wake of the accounts. However, some brokers point out that the results have been worse than expected. Barclays cut the title to 'underweight' from 'equal weight'.
Among the industrialists well StM +0,8%, Leonardo +1% and Buzzi +1,9%.
They also earn the titles of the luxury: Ferragamo +1,3%, Moncler +1,2%, Yoox +1,7%.
Finally, the saying sell on the news is confirmed, La Juventus -2,5% Juventus reverses direction and after the initial leap slips into negative territory after gaining access to the Champions League semi-final.
