Milan closes positive, +0,38%, 21.787 points, with Enel leading the way (+2,41%), in a fluctuating European context. London shines in the panorama, +0,91%, which reaches new historical highs, for the second day in a row and exceeds 7.500 points for the first time. A trend that started after Brexit, with the weakening of the pound and with the rally of British exporting companies. Today the best stock on the FTSE 100 is Vodafone Group PLC (+4%), thanks to a good quarterly result and the promise to raise the dividend.
Contrasted with the other continental price lists: Paris -0,21%; Frankfurt -0,02%; Madrid +0,22%. London +0,91%. Different speeds also for Wall Street, after opening at yesterday's record levels. The Nasdaq is currently in positive territory; weak Dow 30 and S&P 500. Investors fear perhaps the political uncertainty due to the new storm over President Donald Trump, for top secret revelations to Russian diplomats.
Oil slowed, Brent +0,06%, 51,85 dollars a barrel, after a run that led it to gain almost 9% in a week, in the wake of the increased probability of production cuts until March 2018. newfound European stability, with Macron's victory and the strengthening of Paris-Berlin relations, instead supports the euro and peripheral Eurozone stocks. The single currency, in the exchange rate with the dollar, exceeds 1,10.
The Italian secondary market also experienced a very positive session, with the 3,13-year spread over the Bund falling by 179.60%, to 2,22 basis points and the yield at 0,5%. Government bonds benefit further from the data on European GDP in the first quarter (+1,7% cyclical +0,2% yoy), even if Italy remains at a standstill (+0,8%; +XNUMX% ). Positive session for gold: +0,58%; $1237,85 an ounce.
Enel's light shines in Piazza Affari, lit by Goldman Sachs which confirmed the "buy" judgment by raising the target price from 5,4 to 5,5 euros. Atlantia remains on the shields, +1,69%, after yesterday's announcement of the offer on Abertis. The Spanish government, writes Reuters, considers the satellite operator Hispasat, controlled by Abertis, a strategic asset, but considers the offer on the infrastructure group to be a private operation. Meanwhile, Standard & Poor's confirms the rating of Atlantia, Autostrade per l'Italia and Aeroporti di Roma at BBB+, however changing the outlook from 'stable' to 'negative'.
Tonica Banca Generali +1,97%, which is accompanied by a good performance by the Trieste Lion, +1,01%. Even today, financials close at different speeds, partly due to profit-taking, down Bper -1,65%. Unipol (-1,15%) and Unipolsai -0,18% were weak. Oil stocks take a breather Tenaris -1,1% and Saipem -0,4%, while Eni revises upwards +0,33%. Automotive was in the red with Brembo -0,95%; Ferraris -1,23%; Fiat -0,49%. Exor also negative -0,73%-
Sales hit Buzzi -1,37% and Prysmian -1,74%. Weak Leonardo, -0,51%, on the day of the formalization of the appointment of Alessandro Profumo as CEO of the group in place of the outgoing Mauro Moretti. Good for Telecom +1,61%.
Out of the main basket among others, publishing titles stand out: Class +5,62%, Sole 24 Ore +4,52%, Rcs +2,37%. Upward jerk for Carige +3,86%. Positive Datalogic +2,71% after the accounts.
