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Oil at the top but stock exchanges at stake

The price of Brent is approaching 63 dollars a barrel and gives sprint to oil stocks: Saipem among the best blue chips in Piazza Affari – Almost all share lists around parity – Yoox, Italgas and Stm shine in Milan – Sales on Campari, Mediaset , Bper and Buzzi

Oil at the top but stock exchanges at stake

Il Petroleum is rallying, but the main European stock exchanges close sluggishly. Square Business -0,05%, 23.002 points; Frankfurt, -0,07%%; Paris -0,19%; Madrid -0,4%; London, + 0,03%.

Wall Street opens little move, even if the Nasdaq update yours record historians. Among the American stocks: good Qualcomm, after that Broadcom is ready to shell out 130 billion dollars to acquire control; stellar Michael Cross, thanks to the increase in 2017 revenue estimates; weak Twitter, due to the arrest of Saudi prince Alwaleed bin Talal, a shareholder in the group.

The euro it weakens against the dollar and pits the 1,16 threshold downwards. Positive fix for their, at 1279,515 dollars an ounce (+0,76%).

The lion's share goes to oil, which goes to the maximum for two years, after the series of major arrests in Saudi Arabia, useful to consolidate the power of Prince Salman, in favor of output cuts and the decline in the number of US drilling rigs, according to Baker Hughes data, released on Friday. Brent +2,43%, 63,58 dollars a barrel.

Crude rally supports i oil titles also in Piazza Affari: Saipem +1,72%; Eni +0,83%; Tenaris +0,77%. Well the luxury, with Ynap +3,18%. Still toned stm, +1,38%, linked to the techno sector and the customer Apple Lossless Audio CODEC (ALAC),. Money up Italgas +1,29% and Banking Generali, +1,1%. The credit sector is experiencing a tendentially weak session, while the president of the Board of banking supervision of the ECB Daniele Nouy insists on a tightening on NPLs with the ministers of the Eurogroup. On the Ftse Mib the best-selling banks are Bper -1,61% and Bpm bank -0,8%. 

In sharp decline Campari, -2,55%, on the eve of the quarterly data. Tomorrow the accounts of Understanding (-0,28%), Fineco (-0,31%) And Mediaset (-0,06%). At the bottom of the list Prysmian -1,34% and Buzzi -1,25%. Out of the main basket Pirelli earn 1,6%, following the accounts. 

In the bond i BTP 10 years maintain a yield of 1,78%, while the spread with the Waist it widens slightly +0,7%, 144.10 basis points, after the lows for a year reached last week. According to Reuters, "according to the operators, the impact of the Sicilian elections on the market was nil".

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