Final sprint for Business Square which, at the end of a weak session, manages to rise by 0,26%, encouraged by the positive start of Wall Street and the recovery of oil. The best title is pirelli, +2,61%; the worst is Azimut, -3,46%, still negative following the quarterly report presented last week. To suffer is the entire asset management sector, even if Anima (+2,17%) stops against the tide thanks to a better-than-expected balance sheet for the first quarter. It stands out among the banks Ps, +2,5%, which it gained about 23% over the month.
Il Italian secondary aligns with the rest of the government bonds in the Eurozone, with the yield on the 10-year BTP rising to 1,91%, but spread down 2,56%, to 129.40 points. The words of the governor of the French central bank, Francois Villeroy de Galhau, contribute to increasing the yield, according to which from the end of quantitative easing (expected in September or December) to the first rate hike, quarters and not years will pass.
On the political front, we are still waiting to know the developments of the Italian situation. The knot should be close to unraveling, after the meetings, during the day and in the evening, of the 5 Star and Lega leaders with the President of the Republic Sergio Mattarella. Confidence in the country seems intact for now. Il BTP Italy maturity May 2026 offered today by the Treasury, within an hour of closing it had already exceeded the threshold of 2 billion euro in funding.
The other European lists are down slightly, with the exception of Lisbon, +1,4%: Frankfurt, -0,18%; Paris -0,02%; Madrid -0,13%; London -0,18%. All the economies of these countries and also that of Italy are slowing down, according to the OECD leading indicator for March, a super-index that offers a possible interpretation of future economic developments. For the United States and most of the other OECD countries, however, the dynamics remain stable.
Wall Street, after filing the second week in a row in growth, begins the new octave on the right foot. The easing of trade tensions between the US and China is inducing optimism, following the decision by US President Donald Trump to work with Chinese President Xi Jinping to help Chinese company ZTE get back on its feet; a month ago the US prevented American groups from supplying components to that company. Starting tomorrow, for at least three days, Chinese Deputy Prime Minister Liu He will be in the American capital to discuss.
THEeuro it appreciates slightly against the dollar and after exceeding the 1,2 level it returns to the 1,196 area. However, the fall of the Argentine peso does not stop, which even today loses more than 6% against the greenback. The board of the International Monetary Fund will meet on Friday to discuss the request for new financial aid made by the Latin American country.
stable thegold, around 35,43 euros per gram; is in comeback the Petroleum, with Brent at 77,87 dollars a barrel, +0,97%.
In take advantage Eni, +1,44%, which ranks among the best stocks of today's Ftse Mib.
Also good Bper +1,43%; Bpm bank +1,42%; Campari +1,28%. Slightly positive Atlantia, +0,25%, on the day in which the takeover bid launched by the German manufacturer Hochtief, controlled by the Spanish Acs , on 100% of the capital of the Abertis motorway group, exceeded the minimum thresholda reaching 78,79% of the share capital. The offer is part of the agreement between Atlantia, Acs and Hochtief for the conquest of Abertis.
Sales penalize Azimuth (-3,46%), Prysmian, -2,2%; Leonardo -1,87%; General Bank -1,14%; Unicredit -0,83%.
Out of the main basket suffers the little man with the mustache. Bialetti industrie loses 10%, after the auditors refused to certify the 2017 financial statements. The directors of Bialetti nevertheless deemed it appropriate to draw up the financial statements on a going-concern basis, despite the persistence of situations of uncertainty, and the Board of Statutory Auditors has let it be known that he was not aware of "facts impeding the approval of the financial statements for the year ended 31 December 2017". The ordinary shareholders' meeting, during which, among other things, the 2017 financial statements will have to be approved, is convened for 28 June.
Slightly declining Saras -0,49%, worried about the return of the embargo against Iran, one of the main suppliers of crude oil to the Moratti family refining company.
