He rbanking isiko continues to fuel the Bull to Business Square, which closed another session with growth (+1,09%, at 37.874 basis points) with Mediobanca Queen (+5,27%) followed by the pretender Ps (+3,77%), in a more opaque European panorama dominated by attention to quarterly and the trade war. On the first issue, it should be noted that today large continental credit institutions presented their accounts such as Deutsche Bank (+ 4,89%), Hsbc (+ 3,08%) and bbva (-1,55%), while on the second the White House has announced a decree with which it wants ease duties on the auto sector. A move that is also favoring the harmonious progress of Wall Street in the American morning, despite consumer confidence in April falling to 86 points, against expectations of 87,3 (and 92,9 points in March).
The European evening instead sees Frankfurt appreciate by 0,77% together with London +0,55% and Amsterdam +0,23%. They are slightly decreasing Paris -0,24% and Madrid of 0,64%. As for the sensational Blackout that hit the Iberian Peninsula yesterday, it is reported that the electricity grid operator Ree has ruled out "intrusions in security systems". Portugal, partially involved, however, wants to see clearly and is asking for an independent verification from the EU Agency for the Cooperation of Energy Regulators.
Read EVEN Stock Market Today April 29th Live
Wall Street, Amazon falls after clash with Trump
Overseas Wall Street moves cautiously in tune (DJ +0,5%, S&P 500 +0,14%, Nasdaq +0,05%) and could close the fifth session in gains, even if the markets' balance for the year remains negative and the review of the first hundred days of the Trump presidency is largely due to the trade war. The announcement that the president will sign the decree today that will ease tariffs on automobiles has prompted some relief, but it is not enough. The measure, according to White House spokeswoman Karoline Leavitt, will prevent tariffs on foreign-produced cars from overlapping with other duties imposed - such as those on steel and aluminum - and will reduce some duties on foreign components used to produce vehicles in the U.S.
There is also hope in the ongoing negotiations with various countries, even if the most important game, the one with China, remains at 0-0. Today Beijing defined the United States as "a small boat stranded" in their propaganda campaign, while for the American Secretary of the Treasury, Scott Bessent, the duties imposed by the Dragon are "unsustainable for China and will cause it to lose 10 million jobs".
One was also recorded today clash between the US administration and Amazon, with Jeff Bezos' company guilty of having made consumers aware of the cost of duties. A "hostile and political act" by Amazon, according to Leavitt. The stock takes the criticism, but limits losses to 0,83%.
The intense season of the quarterly, which this week will also see the publication of the accounts of four of the so-called Magnificent Seven (Microsoft, Apple , Meta e Amazon). Today, companies like were put to the test by numbers. General Motors, Coca-Cola, Pfizer, Ups, Spotify.
Dollar on the rise. For Cipollone the euro could play the role of “global public good”
The session today appears favorable to the dollar andeuro sees an exchange rate that slips back below 1,04. The wrinkles of the greenback, accentuated by the wavering policies of the new US administration, continue to be visible. This was underlined today by the member of the executive committee of the ECB, Peter Onion. The ongoing fragmentation of global trade and financial flows, exacerbated by the race for tariffs, could jeopardize the international role of the dollar, the banker noted, while the euro has “the potential to play the role of a global public good”.
The US dollar also strengthened today against the canadian dollar (1,3864 the exchange rate, +0,27%), after the elections in the neighbouring countries whose preliminary results indicate a Victory for anti-Trump liberals led by former central banker Mark Carney.
Among the raw materials the sparkling season ofgold It is slightly overshadowed today by the growth of the greenback, but prices are holding firmly above $3300.
On the other hand, the pressure remains on Petroleum, which is suffering from the US-China trade conflict. Brent (July) and WTI (June) futures are down about 2%, with prices of 63,47 dollars a barrel and 60,71 dollars a barrel, respectively.
Piazza Affari, focus on banks. Leonardo bounces back
Milanese banking stocks are doing very well in this period in which surprise moves and the resulting rumours are rampant.
Today the market rewards first and foremost two major players such as Mediobanca, After the blitz on Banca Generali (+ 1,75%) and Montepaschi, which remains firm in its intention of Ops on Piazzetta Cuccia. The fact that Generali (+1,61%) could escape the conquest of the Sienese (if the share owned by Mediobanca is the price that will be paid for Banca Generali) does nothing but strengthen Siena's industrial project, according to MPS sources.
The excitement in the sector is keeping other stocks involved in other operations in the loop such as Bper +1,4% and Unicredit + 1,37%. Understanding St. Paul instead shines with its own light, +1,33%, but some observers do not exclude that it could enter the field sooner or later in this great reshuffling of cards. Today in the meantime the shareholders' meeting renewed the board, confirming the president Gian Maria Gros-Pietro and the CEO Carlo Messina.
Today, purchases returned to intensity on Leonardo (+3,08%), in the wake of its German-trained rival Rheinmetall (+5,61%), after the quarterly results and the confirmation of the guidance.
Bene Recordati +2,26% and Telecom + 2,05%.
In the car archives a positive session Stellantis + 0,95%.
Weakness for Prysmian -1,19% Moncler -1,14%. Interpump -0,92%. The drop in oil prices is felt on Eni -0,25% and Tenaris -0,37%.
Spread slightly increasing
Swings in eurozone government bonds continue to be modest and the spread between 10-year BTPs and 10-year Bunds rises to 111 basis points today, with German paper doing slightly better than Italian paper. The Bund yield falls to 2,49%, while that of the BTP is at 3,61%.
