The rise in stock markets continues, apparently impervious to the conflicts at the borders of the Eurozone. And, surprisingly, these cyclical themes that you don't expect under the skies of war take off. A happy surprise, for example, concerns Classic Ferrari for sale + 2,54% at the end of the morning to 298,80 euros (+57,7% in the last 12 months), capable among other things of resisting the slowdown of the luxury sector. The Red thus prepares to carry out a sensational overtaking: capitalization approaches i 58 billion euros, just under Enel's 59 billion, also recovering this morning.
Stock markets today: record-breaking Ferrari, Stellantis also races
Supporting the stock's run is the strong increase trend for the models available for sale, as emerges from the fact that the company is accepting orders only for the period after 2026 for the 296, 296 GTS, Roma, Roma Spider models and Thoroughbreds. Another model is expected to be released by the end of the year. It also continues Stellantis positive streak, at highs above the 19 euro barrier: after announcing the creation of a third gigafactory for batteries in the USA.
European price lists: morning on the rise despite the wars but watch out for US inflation
The operators, while not disdaining the defense titles (Leonardo +1,4%) and the oil sectors - defensive themes par excellence (Tenaris at the top +2.7%) - are meanwhile looking at the data onUS inflation, which will be announced at 14.30 pm, valuable for deciphering the attitude of the US central bank when making the next rate choices. In this regard, cautious optimism prevails: the recent increases in bond yields may have satisfied the "hawks" of the Fed and also that of the ECB.
Piazza Affari rises: MPS advances, rumors about Poste privatization
At 12 the Ftse Mib index rose by 30%, reaching the highs of the session. Featured today Mount Paschi , which continues to rise by 0,8%, even if it slows down compared to the opening highs. Yesterday an increase of 5,7% was recorded after the confirmation of theacquittal of former managers of the Sienese institute in the proceedings on the Santorini and Alexandria derivatives. According to Equita, this news could lead to a significant reduction in compensation claims extraordinary and extrajudicial proceedings of 4,1 billion euros. Fineco also did well +2,4% and the big ones, Unicredit and Intesa.
Salt but with caution Post office +0,5%: The Treasury could put part of its share on the market, equal to 29%, IlSole24Ore talked about it this morning. The sale would be foreseen by the divestment plan that the minister Giancarlo Giorgetti is working on.
Bond market settling ahead of central bank moves. BTP at 4,67%, spread stuck at 193 basis points. Bund at 2,73%, from 2,77% the day before.
The Mef placed this morning Three-year BTP at a yield of 3,9%.
Meanwhile, the ECB is keeping the spread under observation
The ECB is closely monitoring thespread trend (today at 193 points). This was stated by Governing Council member Gabriel Makhlouf on the sidelines of the International Monetary Fund meeting underway in Marrakech on Wednesday evening. The topic is taken into consideration and the tools for any intervention are ready. What is happening to Italy's debt rate is not just a market issue, "it is absolutely something that we, the ECB, will focus a lot on." This morning, Greek board member Yannis Stournaras downplayed market concerns about Italy's public finances.
Oil and gas prices restart
Meanwhile, oil is rising again: Brent and WTI, +1%. The president of Iran, Ebrhim Raisi, spoke on the phone with the crown prince of Saudi Arabia, Mohammed bin Salman, to discuss the war between Israel and Hamas, the Saudi press agency Saudi Press reported this morning . The Iranian agency writes that the two leaders emphasized the unity of the Islamic world. The two countries re-established diplomatic relations in March.
It also starts again gas price: +6% to 49 euros per megawatt.
