Recovery for the European markets at the end of the week. For the moment, the hardships of Donald Trump, already on his way to Saudi Arabia, are taking a back seat.
A Milano the Ftse Mib index rose by 0,8%, around 21.500 points. The other price lists are on positive ground: Paris e Madrid + 0,7% Frankfurt + 0,4%. London salt by 0,3%. The Stoxx 600 index marks +0,6%
about but is down more than 1% on the week, the most negative since November.
They contribute to promoting the recovery of the Old Continent the words of Mario Draghi, who explained that the crisis is behind us and that the recovery in the EU is ever wider.
Il dollar it weakened to 1,114 against the euro, from 1,110 at the previous close.
Purchases on peripheral bonds. The ten-year BTP yield fell by 5 basis points, to 2,10%, the lowest level since the beginning of March. German Bund at 0,36%. Portuguese bonds also saw a jump in price terms, with the benchmark 7-year yield falling to a 3,154-month low of XNUMX%.
Up the Petroleum, less than a week before the OPEC summit which will have to extend the agreement on production cuts. Since the beginning of March, the price of Brent has fluctuated between over 56 dollars and less than 47 dollars, in a swing of beliefs on the ability of the cartel countries and other producers to balance the growth of the US supply. Eni +0,7%, Saipem +0,6% and Tenaris +0,4%.
The shares of the companies most closely linked to the Brazilian market recovered. Telecom Italia advances by 0,6%: for Banca Imi, every 5% fluctuation in the euro/real exchange rate implies a 1,2% fluctuation in the valuation of the company.
Also good Telefonica (+1,94%) and the French Casino (+1,25%). On the European Stock Exchanges, the greatest increases are in Automotive (Stoxx of the sector +0,9%) and Construction (+0,9%). Fiat Chrysler recovers 2,7% after having accumulated a loss of 8% in the previous two sessions.
Industrial stocks advance in Piazza Affari: Leonardo + 1,6% Brembo + 2,3% stm + 0,9%. Cnh Industrial +1,1% on the wave of positive sales data from competitor Caterpillar.
In the construction sector, Buzzi rises by 2,4%: Berenberg has raised the judgment to Buy from Hold and the target price to 27,20 euros from 23,4 euros.
Continue the race of managed savings: in 2016 the fund system recorded 200 more subscribers. Net inflows in the first three months totaled 27,8 billion euros, almost quadruple compared to 7,5 billion in the last quarter of 2016. Shareholders' equity reached a new record of 1.984,4 billion euros from 1.943 billion end of 2016. Anima +2,9% and FinecoBank + 1,6%.
Among the insurance Generali + 0,8% UnipolSai +1,5%. Positive European banks: Unicredit + 1,8% ubs + 1,2% Banco Santander +0,7%. Well too Understanding (+ 0,7%), Bpm bank (+ 1,3%) and Ubi (+ 2,1%).
In luxury they shine Ferragamo (+ 2,2%) and Yoox (+1,2%). Leap to Zurich dufry after Richemont acquired a 5% stake in the company.
Enel 0,5% salt. A2A +1,9%: according to rumors, the company has entrusted Rothschild to evaluate whether to exit the adventure in Montenegro, through the sale of the 41,7% held in Epcg by the end of the year.
Negative Fincantieri (-0,2%), who signed the acquisition of the French shipyards Stx France: he will pay 66 million euros for 79,5% of the capital.
