Square Business closes sharply higher, in line with the main ones European stock exchanges, supported by the expectations of negotiations between Beijing and Washington to ease trade tensions. The Ftse Mib thus returns above 38 thousand points, with a positive performance especially for stocks industrial and banks. In particular, the following stand out: Prysmian (+ 6,3%), Leonardo e Interpump, while among the banks they stand out Unicredit, Ps, Bper e Understanding. On the contrary, the utilities sector is in difficulty, with Terna, Snam e Italgas among the worst. Down too Enel ed Eni.
Even overseas, Wall Street is in good tune. To support the optimism, the positives US labor market data, which continue to strengthen growth expectations: the data report an increase of 177 thousand new jobs, well above the estimates of 133 thousand, with the unemployment rate remaining stable at 4,2%. Meanwhile, theinflation in the Eurozone remains stable in April at 2,2%, with an increase in services and a continued decline in energy prices. In Italy, inflation stands at 2,1%.
Il manufacturing PMI Eurozone GDP rises for the fourth consecutive month, but remains below the 50 threshold, signaling persistent fragility, although EU defense spending may offer future stability.
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On the currency market theeuro is trading higher at 1,1315 after gaining more than 5% against the greenback in April, on growing optimism that trade tensions could ease following President Donald Trump's signals of potential deals with India, Japan e South Korea, as well as his confidence in an agreement with China.
On the bond market, it Spread between Italian BTPs and German Bunds is stable at 111 points. The performance of the government bonds 3,59-year yield drops to XNUMX%.
