The European stock markets close positive, toned by the words of Mario Draghi, fconfident in economic growth. “The data confirms the strong and widespread boost of growth in the Eurozone, expected in the short term at stronger than expected rates”. In today's meeting, the ECB kept rates unchanged, confirming the monthly bond purchase program of 30 billion up to September 2018 and beyond, if necessary, but removed the reference to an expansion of the programme, should the scenario worsen.
At the end of the session Business Square it is up by more than one percentage point for the third consecutive day: +1,15%, 22.731 points. Shopping rain on Mediaset +9,23%; Telecom +4,63%; Atlantia +5,05%. In dusting the bond: lo spread between the Italian and German ten-year bond falls by 3,37% to 126.10 points, while the yield at 1,9%.
Seat even more brilliant for Paris +1,28%; slightly more backward Frankfurt +0,9%; London +0,63%; Madrid + 0,49%.
Wall Street proceeds cautiously, but well tuned, waiting to hear the news on the duties that will be announced in a few minutes by Donald Trump, while Draghi warns: "unilateral decisions are dangerous" and "the state of international relations" is worrying. “If you put tariffs against your allies, the question arises 'who are the enemies?'
Il dollar it regains share against the euro and the exchange rate falls to the 1,23 area. Sitting in red for the Petroleum, with Brent losing 0,89%%. falling to 63,77 dollars a barrel. Weak gold, 1321,123 dollars an ounce, -0,34%.
In Piazza Affari the spotlights remain on for the entire session on Mediaset and Telecom, the focus of various strategic options after the entry into the capital of the Elliott fund, which may already have risen further.
Eyes also on Atlantia, for the possible preliminary contacts with Acs for a joint offer on Abertis. The two sides are reportedly negotiating a stew of the Spanish company under a takeover bid to avoid a bidding war.
Among the best blue chips of the session Stm, +4,65%, Campari +3,1% and Post +2,54% (7,334 euros per share). The latter reached all-time highs during the day. Equita's analysts, who have a target price of 8,1 euros for the stock with a hold rating, write that "a recent roadshow with top management has further strengthened the positive reading of the 2018-2022 plan, confirming the sense of prudence of the targets and the existence of various buffers to compensate for any negative surprises”.
Another positive session for the banks, while from Brussels, Ansa, quoting Eurogroup sources, reports that on the completion of the banking union "there is a difference", which can be resolved "but not now". After the last Ecofin and after the letter from the eight northern countries, the work on one of the dossiers that the EU leaders wanted to complete by June, however, proceeds slowly.
Today's biggest drawdowns are for Ferragamo -0,69%; Ferrari -0,55%; Recordati -0,43%; Ynap -0,13%.
