European stock markets in positive territory after the long weekend, on the wave of the increases in Wall Street and Asia. Piazza Affari rises (+0,35%), with the Ftse Mib index slightly above 20.800 points. The other price lists are also advancing: best of all it does Madrid (+0,55%), ahead of Paris (+0,3%) and the Frankfurt (+0,1%). Well London (+ 0,53%).
The main thrust is linked to the trend of theEuropean industry. The PMI index for April on the manufacturing sector of the Eurozone recorded the best performance for six years now. The economic survey by Markit and IHS in fact showed a general index of 56,7 from 56,8 preliminary and 56,2 final in March, the best result since April 2011. Italian manufacturing activity made its part. The PMI index rose to 56,2 from 55,7 in March. The April figure is the highest since March 2011.
Yields of bond up: the 10-year Bund is indicated at 0,33%, from 0,31% last week. The BTP is indicated at 2,29%, from 2,27%, spread unchanged at 196. Oil is up: Brent is traded at 51,8 dollars a barrel (+0,6%). Eni gains 0,1%, Saipem -0,7%. Tenaris -0,7%. Among the stocks in evidence BP, which gains almost 3% in London after reporting profits that tripled in the first quarter thanks to the increase in oil prices compared to 2016.
The manufacturing sector is the liveliest in Milan: Leonardo + 1,7% Brembo + 1,8%. Cnh Industrial gains 1,8% thanks to the promotion of JP Morgan which raised the rating to Neutral from Underweight and the target price to 10 dollars from 8 dollars.
stm it stands out with a 2% gain which pushes the price to a ten-year high at 15,18 euros, with a 38% increase since the beginning of the year. Barclays strengthened its Overweight rating by pushing the target price to 17,25 euros from 16,50 euros. In the data commentary conference, CEO Bozotti announced double-digit revenue growth in 2017, a turning point after six years of declining sales.
“In the first quarter, both revenues and gross margin were above the midpoint of our guidance,” the manager said, adding that “the goal for 2017 is to grow revenues and expand margins consistently. sustainable through strategic focus on the Internet of Things and Smart Driving.”
On the European Stock Exchanges, among the liveliest sectors are Banks (Stoxx +0,4%), Tech (+0,5%) and Tlc (+0,5%). In Piazza Affari it shines Unicredit, which gains 0,9% after Bernstein included it in his recommended portfolio, which Intesa leaves instead (-0,1%). Positive Bpm bank (+ 0,5%) and Ubi (+ 1%). General Bank (+0,8%) was included by Mediobanca in its Long portfolio. Instead it enters the institution's short portfolio Banca Mediolanum (-0,7%).
Generali earn 0,3%, Unipol +0,2%. On the rise Enel (+ 0,6%) and Telecom Italy (+0,7%). Bucking Luxottica (-0,5%). On Friday evening, the company announced that the first quarter of the year closed with a turnover of 2,38 billion euros, up 5,2%. Goldman Sachs lowered its target price to 55,5 euros from 57 euros, confirmed Neutral.
