European stock markets in the euro area continue to benefit from the weakness of the single currency against the dollar, while Apple's quarterly gives the turbo to technology. Despite a series of contrasting macro data, the postponement of US tariffs also encourages the markets of the Old Continent.
After the April rally, the closing is markedly up for Business Square, +1,19%, 24.265 points, a nine-year high, with Brembo (+ 5,63%), stm (+ 4,63%), Recordati (+ 4,05%), Classic Ferrari for sale (+ 3,63%) and Tenaris (+3,5%) in great shape. Bonds performed well, with the yield on the 10-year BTP at 1,79% and the spread with the Bund down by 1,54% to 121.10 points, even if the political situation remains in the high seas. Yesterday the president Sergio Mattarella launched a "recall of everyone's responsibility" and Reuters writes that the Quirinale excludes the vote in June. Tomorrow the Pd arrives split to the management.
In the stock: Frankfurt, +1,51%; Madrid +1,09%; more backward Paris, +0,16%. In the rest of Europe, London +0,3%; flat Zurich, +0,01%.
Wall Street she appears more nervous, waiting for the Fed's statement, at 20 pm Italian time, at the end of the meeting. No adjustment of the cost of money is foreseen, but the language of the central bank will be evaluated in the light of the latest macro data, to estimate whether the next tightening during the year could become three from the two envisaged.
In New York, the Dow Jones and the S&P500 are currently trading in negative territory, while the Nasdaq floats, supported by Apple (+ 3,91%) in the aftermath of better than estimated accounts and the announcement of a new $100 billion buyback plan.
The disappointing quarter weighs like lead up Snap and the stock records a record thud at startup (-20%).
Il dollar it appreciates fractionally after the release of the American data on the labor market, which last month turned out to be slightly better than expected. At the moment the euro loses 0,18% against the greenback and trades at 1,197, around a four-month low
Il Petroleum weakens slightly after the release of the data on US weekly inventories, worse than forecasts; Brent -0,79%, 72,55 dollars a barrel.
Well bought gold, which rises to 35,1 euros per gram, +0,4%.
In Piazza Affari, purchases reward industrial stocks, including Ferrari, which tomorrow will lift the veil on the numbers. Effervescent Stm, in the wake of its first Apple customer. Among the oil companies, Tenaris shines, at its highest for about a year, while Kepler Cheuvreux raises the target price to 13,5 euros from 13 euros, confirming the 'hold' opinion.
Fight the banks: good Bpm bank, +2,19%; weak Bper -0,48%. In asset management Post, -0,27% and General Bank -0.52%.
Different speeds for utilities. Down Italgas -1,12% and A2a -0,9%; on the rise Enel + 1,37%.
After a rainy morning, shop on too Telecom, +2,32% in view of the May 4th meeting with the Ellitt-Vivendi challenge.
Outside the main basket, the rally continues Salini Impregilo, +9,35% after Monday's shareholders' meeting and the announcement of possible asset sales and M&As in the US, as well as the listing in New York within a year (with the possible delisting in Milan). The company today announced an offering in South America.
