European stocks close up, driven in the afternoon by the surge in oil prices, after the weekly data on US inventories, which fell more than expected. Business Square it rises by 0,47% and reaches 23.759 basis points. Saipem it is the best stock of the session, +4,18%, also thanks to the fact that Eni intends to maintain its 30% stake in the company. Despite the political uncertainty, the Italian bond is traveling strong: the yield of the 10-year BTP falls to 1,72 and the spread with the Bund falls by 4,67% below 120 basis points (118.50).
Queen of Europe is London, +1,26%, which appreciates the downsizing of the pound and slowing inflation in March. Frankfurt, +0,04%, consolidates yesterday's gains, while rounding Paris, +0,5% and Madrid, + 0,54%.
Wall Street, after a positive opening, shows some signs of uncertainty following the crash of some stocks. In particular IBM, which goes down with the accounts worse than expected. In letter the semiconductors, for sales on Lam Research after what analysts have called disappointing forecasts on deliveries. The technological index is weak. Instead, it is appreciated Morgan Stanley, which does not disappoint thanks to a jump in quarterly profit.
The markets remain rather optimistic, despite the warning of the Monetary Fund, according to which debt in the world has reached "historical highs"; investors cannot rest on their laurels after the sell-off observed in early February.
The exchange rate hasn't changed much euro dollar, 1,237.
In the raw materials, the protagonist of the seat is the Petroleum: Brent soars to 72,94 dollars a barrel (+1,9%), while WTI is currently up 2,21% to 67,98 dollars, a three-year high.
The price of black gold ignites with the data on US inventories in the week ending April 13th and pending the Friday meeting between OPEC and non-OPEC countries to discuss production cuts.
Among the top five best stocks in the Ftse Mib, two are linked to oil: Saipem e Tenaris, +1,85%. About the former the ad of Eni, Claudio Descalzi, on the occasion of the Investor Day, said that the company has no intention of selling its stake, about 30%, in Saipem, for which it sees good recovery prospects linked precisely to the rise in oil prices above $70 a barrel.
In fashion it shines Ferragamo, +2,16%. Reuters writes that the president Ferruccio Ferragamo, who has the operational powers ad interim, has chosen a path in stages for the choice of the new CEO. He continues his triumphal march Moncler, + 2,23%.
In industry it is appreciated Leonardo +1,79%. The most traded title of the session is fca, which gains 0,6%, despite the drop in registrations in March.
Scrappy Tim, +1,38%, in the middle of the battlefield. Friday there will be a hearing in the court of Milan for urgent appeals presented by the board of directors of Telecom and by the shareholder Vivendi against the decision of the board of statutory auditors of the company to accept the requests of the US fund Elliott to integrate the agenda of the meeting of 24 April. The judge's decision should arrive on Monday 23 April, just on the eve of the meeting.
Banks in no particular order, the worst is Bper -1,19%. At the bottom of the list Campari, -2,19%; Pirelli -2,06%; Brembo -1,85%; stm -1,63%.
