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Rebound tests in Piazza Affari

The growth of the services sector and the payment by Greece of the 200 million installment due to the IMF restore calm to the European stock exchanges after yesterday's storm – The upward race on government bond yields slows down – Banks recover in Milan – Insurance companies also do well after the results of Allianz – Quarterly report ok for Terna

Rebound tests in Piazza Affari

Piazza Affari has taken the upward path on the wave of growth in the services sector and the payment by Greece of the 200 million installment due to the IMF. The index FtseMib at 13 pm it marks a progress of 0,83%, at 22.778 points. 

Among other European lists, London +0,3% on the eve of the elections. Paris +0,8% and Frankfurt + 0,92%. Madrid +0,81%. Down only Zurich (-0,51%) And Athens (-0,4%). 

Slows down the upward trend in yields government bonds. After a stake of 1,90% in early trading, the yield of Btp 10 years drops to 1,74% (-4 basis points). spread at 123 basis points.

There are signs of settling of the Waist: the yield rises by one basis point to 0,52%, after reaching its highest level since the beginning of the year yesterday. The yield on Greece's 10,90-year government bond also rose to 14% (+XNUMX basis points).

The change euro/dollar is at 1,123, from 1,118 last night.

Banks rebound in Milan: Unicredit + 1,4% Understanding + 1,6% MontePaschi +0,2%. Among the popular stand out Ubi (+ 1,8%), Pop.Milan (+ 1,6%) and Banco Popolare (+ 1,5%).

Among the insurance companies, Generali salt of 1,3%, UnipolSai -0,1%. To galvanize the sector are Allianz results (+2%) after the announcement of an 11% increase in profit for the first quarter.

The luxury titles also recover: Ferragamo + 1,1% Tod’s + 1,3% Luxottica + 1%. 

Among industrialists, the strongest rebound, after five bearish sessions, is that of StM (+2,8%). They also advance Finmeccanica (+ 1,5%), Prysmian (+ 1,5%) and Industrial Driver's License (+1,5%). Weak fca (-0,4%).

To be noted, outside the main index, is the leap of Stable Goods (+5%): the real estate company released the data for the quarter and announced that it had extended to 2030 the agreement on the rental of properties occupied by Telecom Italy (-0,7%). The lease expiration was previously 2021.

Also good triad (+1,2%) after the data for the first quarter, which closed with revenues and profits on the rise (+7,4% and +13,8% respectively). 

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