Piazza Affari leaves behind, at least for now, i post-election torment to lead the race of European price lists, raised by the reduction of the risk of trade wars, thanks to the opposition of the Republicans in Donald's footsteps Trump.
Piazza Affari thus cancels yesterday's drop: the index Ftse Eb +1,6% at 13.30 it goes back over 22 thousand points. It follows closely Frankfurt, with an increase of 1%, ahead of Paris + 0,8% Madrid +0,7%. Outside the Eurozone, Londra +1%: Prime Minister Theresa May telephoned Trump yesterday to ask him to renounce duties on aluminum and steel.
Above all, the automotive companies rose, large users of aluminum and steel, the raw materials threatened by the duties by Donald Trump. The Stoxx sector index is up 1,9%.
Reigns tranquility on the front of government bonds; political uncertainties have little effect. Eurozone bonds are stable; Bund 0,65%, Btp 1,97%, the spread at 133 points, Exchange rates also stable: dollar little moved, the cross with the euro it moves around 1,234. The oil, Brent traded at 65,7 dollars a barrel.
Recover Saipem +3,5%, match down by 2%. The company confirmed the 2018 targets: revenues at 8 billion euros, debt down to 1,1 billion. New contracts at 2,7 billion euros, much better than expected. They also advance Tenaris +1,12% ed Eni + 0,8%.
To catch the attention of Piazza Affari are two thoroughbred horses. Telecom Italy +5,65%, a few hours after the board of directors, takes flight on the wave of a sensational voice: the company has been targeted by Elliott Management, known to the general public for financing the Chinese consortium that bought the Milan, but the protagonist of other far more impressive enterprises. The Paul Singer-led behemoth is raking in stocks to challenge Vivendi's leadership. It also recovers Mediaset +2,65% after the post-election crash.
Fiat Chrysler increases by +4,76% . According to Reuters for Magneti Marelli was chosen path of the pro-quota contribution to the current shareholders: Goldman Sachs and JP Morgan should be working on the operation.
The finance sector is also doing well, already targeted by sales on the eve. They recover positions Bpm bank +2% and B for Bank +1,8%. They also go up Unicredit +1,3% and Intesa Sanpaolo + 0,4%.
Widespread rebounds in the Star basket where numerous increases of more than 3% were recorded. At the top of the list Trevi e Salini +6,8 and 7,6%. Mondadori + 5,2% Emak + 5,6% Isagro + 4% Amplifon + 3% Geox + 5,3%. De 'Longhi +5,7%. Berenberg raises recommendation to Buy.
