The European stock markets remained firm and closed the session higher, closing the most brilliant quarter since 2010, despite the volatility of recent days and the new defeat of Theresa May in parliament, which translates into an increasingly probable no-deal Brexit. The progress in the talks on trade between the US and China weighs positively on the balance, after the meetings in Beijing and the good intonation of Wall Street.
Piazza Affari gains 0,97% and reaches 21.286 points. The purchases reward, among others, Telecom, +2,48% on the day of the meeting, after the outbreak of peace among the shareholders, with the renunciation of the revocation of the five directors in Elliott's share by Vivendi. An important first step according to CEO Luigi Giubitosi: "for a more relaxed relationship between shareholders". Just a respite? “all peaces begin like this”.
Frankfurt did well, +0,87%; Paris +1,03%; Madrid +0,76%. Outside the eurozone, London continues to grow, +0,62%, even if chaos over Brexit reigns supreme. The House of Commons has rejected the agreement signed by the Prime Minister with the EU for the third time and in the absence of news, a "no deal" exit is triggered on April 12 at midnight. May will probably seek a long postponement and in fact says: "it is almost certain now that we must participate in the European elections". A confirmatory referendum cannot be ruled out either, but at this point the ball returns to parliament on Monday, with the second phase of 'indicative votes' on possible alternative plans.
Uncertainty weighs on the pound, which is currently trading down against the euro at around 0,861. The single currency, however, remains weak against the dollar, with the cross slightly moved around 1,122. Oil recovery: Brent 67,56 dollars a barrel (+0,69%). Gold below 1300 dollars but slightly rising to 1295,58 dollars an ounce.
In Piazza Affari, Stm rebounds, +3,41%, after the losses suffered in recent days. The best blue chip is Atlantia +3,68%. Juventus +2,77% and Buzzi +2,42% shine. Pale red for Campari, -0,57%; Snam -0,46%; Exor -0,24%; Bper -0,11%. Bonds are stable: the Italian 2,48-year yield is 255.10%; the spread with the Bund is 0,08 basis points (+XNUMX%).
