CITIGROUP BRINGS PEACE BACK TO THE STOCK MARKET
BPM AND MPS STAY IN DEEP RED
The positive accounts of Citigroup +3,5% have restored a good mood to the markets, already shaken by the news arriving from Ukraine and by the expectation of the Chinese domestic product data arriving tomorrow.
Il US giant closed the first three months of 2014 with earnings per share of $1,30, against the forecast of $1,14. Revenues stood at 20,12 billion euros, expected at 19,39 billion.
Immediate Wall Street's reaction: The S&P500 index rebounded from two-month lows reached on Friday and climbed 0,7%. The Dow Jones gains 0,6% and the Nasdaq 0,9%.
The umpteenth revolution of Mark Zuckerberg: Facebook +2,9% is awaiting the go-ahead from Dublin for the approval of a service that will allow its users to deposit money on the platform and to make payments or exchange money between members.
Identical Europe's response: the EuroFirst 300 index, already down by 0,4%, rebounded to +0,8%.
Same script in Piazza Affari. The Stock Exchange, down in the early afternoon to -0,9% under the pressure of sales on bank stocks, reversed its course, bouncing above the 21.000 level already holed downwards: the Ftse Mib index + 0,55% closes at 21.314 in first place in the Old Continent.
The other price lists also rebound. Frankfurt, sensitive to the chessboard of the former Soviet East, closed at +0,13%. London rises by 0,08%), Paris +0,16%. Madrid also improved -0,37%, recovering a large part of the drop which reached up to 2%.
On the government bond market the yield of the BTP it is down 3 basis points to 3,18%. The yield on the Bund is at its lowest since May 2013 at 1,49% (-1 basis point).
The collection of the BTP Italia indexed to inflation, at the end of the first day it has already reached 6,721 billion euro with more than 110 subscribers.
However, the negative performance of the Popolari weighs heavily on Piazza Affari. The most targeted was Bpm -8,52% after the unsurprising meeting of the new statute.
Also heavy is Bper -3,42%, in the odor of a capital increase.
Monte Paschi -5,32% is doing worse, leaving Friday afternoon's gains on the ground.
Ubi -1,16%. On the other hand, Banco Popolare reversed the course +1,32%.
A few hours (or minutes) after the announcement of the Treasury's candidacies for state groups, Eni achieved an exploit of 1,76%. Enel is also on positive ground +1,26%.
Among the Milanese blue chips, the rise of Saipem +2,8% stands out, driven by the promotion of Bank of America which removed it from the list of worst oil stocks. On the contrary, Finmeccanica -2,12% is under fire.
The luxury sector has reared its head since the morning: Tod's is at the top of the Ftse Mib with +4,99%, Ferragamo is up 3,22%, Yoox +1,75%. Moncler +1,52%.
