game on the sly, for the coupon detachment of many blue chips, the session of Business Square it ends with a good rise of 0,64%, just a whisker from 24.000 points, (23.982). Well bought fca +2,11% and the banks, while from Frankfurt the news filters that the ECB, after having recorded a negative political reaction, is evaluating whether to abandon the planned rules for the stock of non-performing loans which would have forced institutions to make more provisions .
The script is similar on the other squares of Euroland: Frankfurt +0,25%; Paris +0,48%; Madrid +0,38%. For the rest: London +0,42%, while Zurich, -0,11%, is slightly below parity, with ubs (-2,5%) at the bottom of the list after the bills.
Wall Street part in tune, attentive to quarterly earnings and Treasuries, with the 3-year yield close to XNUMX%, also due to an increase supported by the growth prospects of the US economy and by expectations of an increase in inflation which could influence the Fed in a restrictive. In the Eurozone, however, the preliminary PMI indices for April signal a weakening of growth in demand and supply under pressure.
The yield of the 10-year BTP rises to 1,8% while the spread with the Bund it drops to 116.30 basis points (-2,27%), due to the worst performance of the German ten-year period. The market continues to look without great apprehension at the Italian political risk. Today the Quirinale entrusted the president of the Chamber Roberto Fico the task of verifying the existence of a possible M5s-Pd government majority; Fico will have to report to the President of the Republic by Thursday.
The month-end auction cycle starts tomorrow, with an offer of up to 3,75 billion Ctz and the two Btpei in May 2028 and September 2032.
THEeuro it weakens against the dollar, with the exchange rate around 1,222. The Petroleum it recovered from the lows of the session and remained close to 74 dollars: Brent -0,24%, 73,88 dollars a barrel. L'gold pays a slightly higher price as the US currency strengthens: 34,82 euros per gram (-0,41%).
In Piazza Affari the best blue chips of the session are FCA, Mediobanca +2,02%; Unipolsai +1,88%; Ubi +1,67%; Tenaris + 1,44%.
Sales focus on Luxottica -2,17%; Italgas -1,58%; Prysmian -0,93%; Terna -0,72%.
telecom, on the eve of the meeting, it dropped 0,71% after that the Court of Milan upheld Tim's appeal and Vivendi against supplementing the agenda presented by the Elliott Fund. The shareholders will therefore not be able to vote tomorrow on the revocation and replacement of six directors requested by the American fund.
Flat Bfor, while the CEO of Unipol Carlo Cimbri, on the sidelines of the shareholders' meeting of Unipolsai, Bper's leading shareholder with 9,9%, asked that the business plan on which the bank's management is working on give a "strong response on the issue of npl", with a "significant decrease" in non-performing loans then the company will be willing to support it by signing up for a recapitalisation. "A capital increase accompanied by a valid industrial prospect would not be a heresy".
Outside the Ftse Mib, it is worth mentioning AS Roma's run on the eve of the Champions League semi-final against Liverpool. James Pallotta's club closed the negotiations with a rise of 7,5% thanks to the 40 million euro agreement signed with Qatar Airways over three years which will be the team's main sponsor from the next match.
