Political risk sends you into the red Business Square and makes it soar spread: The Ftse Mib closes down by 2,32% and falls to 23.734 points, while the yield on the Italian 2,12-year bond rises to its highest since the beginning of March at 8,8% (+15,14%), and the differential with the German Bund it jumps by 150.60%, reaching XNUMX basis points. To worry the markets is the contract for a possible Lega-5 Stelle government, despite the denials and clarifications regarding the request for cancellation of 250 billion of Italian debt in the hands of the ECB. However, the reaction of investors does not worry Luigi Di Maio: “I see a certain fear on the part of the Eurocrats. But they don't scare me”, the pentastellato leader cuts short.
Milan sinks in a timidly positive European context and after the cautious opening of wall street, partially concerned by geopolitical risks and held back by competition from government bonds, with the 3-year bond still over XNUMX%.
In Europe, purchases prevail a Frankfurt + 0,19% Paris +0,27% and London +0,26%, while Madrid loses 0,95%.
THEeuro suffers and yields again against the dollar, reaching 1,178.
Among the raw materials the Petroleum recovers and approaches parity, after the data on American weekly inventories down more than expected: Brent -0,09%, 78,36 dollars a barrel.
In Piazza Affari, it is precisely the oil stocks that stem the free fall. Saipem, in particular, rises by 12,23%, and the comeback that began with the quarter's accounts continues, also supported by some positive reports from analysts including Morgan Stanley and Bernstein, which improved the rating from 'neutral' to 'outperform' setting the target price at 6,60 euros. In the wake Tenaris + 1,84%. Eni instead it is negative, -1,35%. Fashion is appreciated, with Ferragamo +0,61% and Moncler, +0,88%. In small steps Buzzi +0,18%.
Sales invest financial stocks with full hands: Bpm bank -5,37%; Unicredit -4,72%; Finecobank -5,47%. Bad telecom, -4,09%, with the board of directors meeting for the quarterly report.
Bad session for the Berlusconi galaxy, on the day of the squeeze on the yellow-green government and the indictment of Silvio Berlusconi for corruption in Rome in the Ruby Ter proceeding. The worst title is Mediaset, -5,28%, which yesterday published its results for the first quarter of 2018 revealing a decline in advertising revenues. Banca Mediolanum loses 4,12%, while on the Star segment Mondadori closes at -4,44%.
On the Star flies instead Vittoria Assicurazioni (+19,73%, 13,96 euros) in alignment to the Acutis takeover bid.
