Piazza Affari celebrates Dividend Day today: over five billion euros will be distributed to shareholders by listed companies. Almost half of the big names in the Ftse Mib will detach the coupon: 18 out of 40 companies, with a negative impact of 0,89% on the index. 27 companies traded in other indices (Mid Cap, Star, MTA and Aim) will also pay the dividend.
CHINA STOPS BITCOIN MINING
The news brings a note of good humor to our home markets. Globally, there is a climate of cautious optimism, tempered by the violent swings in cryptocurrencies, which continued throughout the weekend: Bitcoin lost another 13 percent yesterday, to $32, halving its price compared to its highs, except to go up again this morning to 35 thousand. The landslide of cryptocurrencies, aggravated by the blockade of mines in China by the will of the government, now threatens the stability of Wall Street, starting with Tesla, in the sights of investors after Elon Musk's about-face on Bitcoin. The new currency, with the significant name of "FuckElon", raised 60 million dollars in three days.
Positive ground for Asian stock exchanges: Tokyo's Nikkei +0,5%, CSI 300 of Shanghai and Shenzen stock exchanges +0,1%, Mumbai's BSE Sensex +0,4%. On parity Seoul, Hong Kong slightly decreased.
Huobi Mall, a leading maker of virtual coins, announced this morning that it has stopped trading on orders from the authorities. China accounts for around 70% of the world's cryptocurrency production.
DOW JONES FUTURES UP
Wall Street's Dow Jones futures are up 0,4%. The Wall Street Journal reports that in Congress Democrats and Republicans remain distant on the issue of the $2.300 trillion plan for infrastructure presented by the White House: one of the key senators for the bipartisan vote in the budget committee, the Republican of Maine, Susan Collins, clarified that in program there is too much unjustified social spending. We are in the final rush of the negotiation, given that the parties had set the Memorial Day holiday, May 31, as the deadline for an agreement.
The 1,62-year Treasury notes traded at 1,2179%, little moved. The euro/dollar cross is at XNUMX.
GOLD FLYING, COMMODITIES HOLDING DOWN
At the high points, under pressure from fears about inflation, gold rose to 1.884 dollars an ounce, up sharply compared to the March values (1.707 dollars), coinciding with the first signs of recovery.
On the contrary, the tightening of the Chinese authorities against speculation is curbing the price rush of the commodities traded on the Chinese markets this morning: copper -2%, aluminum -3%, iron ore futures -6%.
WTI oil is up slightly to $64 a barrel. Goldman Sachs wrote in a report that Iran's production ramp-up shouldn't change the energy landscape, the underlying reasons that recently prompted the business house to target Brent crude at $80 a barrel. , They do not change. North Sea crude is at $67 this morning.
FRANKFURT CLOSED, THE IFO ON WEDNESDAY
The provocation (or worse) of Belarus which intercepted a Ryanair plane in flight forcing it to land in Minsk and thus arrest the dissident Roman Protassevich upset the agenda of the Council of Europe scheduled for this morning. A day with reduced performance is looming on the markets: the stock exchanges of Frankfurt and Zurich are closed for Pentecost.
During the week, the attention of the markets will be directed to the German GDP data in the first quarter (-1,7% the preliminary estimate) and to the US one (jumped by 6,4% in the first reading). The German Ifo index should confirm the return to growth in the second quarter on Wednesday; the highest figure since May 2019 is expected.
In terms of inflation, keep an eye on the statistics arriving from the USA: unemployment, oil stocks, orders for durable goods as well as the first preliminary estimate of the GDP trend.
The Bitcoin landslide contributes to increasing attention on the Coindesk Conference, the meeting that will compare some key market figures: Lael Brainard will participate for the Fed. To follow Catie Wood of Ark Investment, an ally of Elon Musk, and the "enemy" Ray Dalio of Bridgewater.
During the week, the text on the new regulation of marijuana arrives in Congress.
DEL VECCHIO SAID NO TO INTER
Leonardo Del Vecchio was crowned on Friday in Paris as the undisputed leader of Essilux, the global market giant with 140 employees, in which he imposed the appointment of Francesco Milleri as CEO. Mister Occhiali (Mediobanca's number one), a Nerazzurri fan, however, refused the offer to enter the capital of Inter.
Remaining in football, today Piazza Affari should register the relief of Juventus, promoted in extremis to the Champions League.
COUPONS, TOP GENERAL
Speaking of dividends, here is the map of the Fts Mib coupons distributed this morning: A2a (0,08 euro), Amplifon (0,22), Azimut (1), Banca Mediolanum (0,0267), Buzzi Unicem ( 0,25), Diasorin (1), Eni (0,24), Generali (1,01) Interpump (0,26), Intesa Sanpaolo (0,0357), Inwit (0,3), Italgas (0,277), Moncler (0,45), Prysmian (0,5), Recordati (0,55) Unipol (0,28) and Tenaris (0,1149). Very generous dividends stand out, even if the ECB restrictions on bank stocks continue to weigh. At the top are Generali Assicurazioni (€1,01 with a yield of 5,72%) and Unipol (€0,28 with a yield of 5,65%). Italgas (5 euro, yield of 0,277%) is also just below the 4,78% threshold, as are Azimut (4,79%) and A2A (4,53%).
