Le European stock exchanges they close positively galvanized by the reassuring statements of Donald Trump and hopes for a trade easing between the United States and China. Optimism is also reflected in Asian stock markets and on Wall Street which is on the rise, where Tesla Recovers Ground Despite Net Profit Decline, thanks to the step back of Musk. Markets are now focused on the April PMI data and the Fed's Beige Book, which could provide clues on future monetary policy. However, analysts warn that the volatility could persist, with trade negotiations and monetary policy still under scrutiny.
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Positive signals are also coming from the Ukrainian front, with the president Zelensky who declared that theUkraine is ready to negotiate with Russia once the ceasefire is in effect. He also announced talks with Western countries in London and said he was available to meet Donald Trump during his visit to the Vatican.
Business Square benefits from the recovery of car stocks, with Stellantis, Pirelli e Iveco in evidence. The opening on duties also pushes Prysmian e stm. Also gaining ground is nexi, which announced revenue growth of 3,7% in the first quarter. They slip Leonardo e Generali, while the utility sector is showing profit taking. However, some stocks have seen a cut in their targets: Banca Mediolanum, Fineco, Eni e Saipem. Poste Italiane benefits from an improvement in estimates by Citi. Spotlight still on Unicredit and on the uncertainties linked to the proposed acquisition of Banco Bpm, pending clarifications on the Golden Power imposed by the Italian government.
Lo spread between BTPs and Bunds continues to decrease, settling at 113 points, while the yield on the ten-year BTP rises slightly to 3,60%.
On the currency front, theeuro rises slightly above 1,4 against the dollar. The Bitcoin, instead, continues its ascent, rising above 93 thousand dollars, while the Petroleum marks a rise of 1,34%, with WTI at 64,52 dollars a barrel. Thegold, on the contrary, gives up ground, but remains above $3.330.
