Diasorin flies and the banks raise their heads again, after the losses inflicted on them by the so-called "shortists" in recent days and Piazza Affari closes with an increase of 1,34% at 17.316 points, scoring the best performance in Europe. Frankfurt +0,05% are flat; Paris -0,02%; Madrid +0,51% and the climate is colder outside the euro area for London -0,38% and Zurich -1,1%.
Wall Street, which started down, does not seem to find any signs of optimism for now, also because the easing of containment measures in some states corresponds to a recovery in infections from the new coronavirus. The American Stock Exchange will close one hour earlier today, in view of the long weekend (Monday is a holiday for memorial day), but is held back above all by the growing tensions with China, which seems determined to put the leash on Hong Kong (-5,56%) with a new security law national.
Instead, in the afternoon, the reading of the reports of thelast meeting of the Governing Council of the ECB. Board members have said they are ready to adjust the pandemic purchase program if the size of the stimulus turns out to be smaller than necessary and the first opportunity could be the monetary policy council on June 4th.
Part of the market and analysts were disappointed by the size of the Frankfurt intervention at the end of April and now expect the Eurotower bazooka to increase purchases up to 500 billion. The outlook supports the Italian secondary, which also benefits from record collection of the new Btp Italia, 5 years, intended to cover part of the expenses induced by the pandemic. The spread with the German 208-year bond drops to 2,01 basis points (-1,59%) and the yield on the Italian bond falls to XNUMX%.
In the currency market, the euro falls against the dollar, change 1,089, while the greenback is back in focus as a safe-haven currency. According to a Reuters analysis, after the coronavirus crisis, which highlighted and probably strengthened the primacy of the dollar, the euro may no longer have the possibility of replacing the greenback as the main currency worldwide.
Tensions with China and the fact that the Celestial Empire has not made any economic forecasts for this year, for the first time in 30 years, weigh on oil. Brent loses 3,77% and falls to 34,70 dollars a barrel. Gold is back in evidence and is moving up to 1731,80 dollars an ounce. In the business square Diasorin never stops breaking records and closed up by 6,23%, at 202,80 euro per share, after having reached an all-time high of 204,6 euro.
The banks revive, which suffered the return of short selling since last Tuesday: Unicredit +4,34%; Ubi +2,48%; Mediobanca +2,01%. Nexi +3,68%, remains in evidence, supported by rumors of talks with Sia to create a giant in the payments sector. In the top ten of stocks with the highest capitalization Prysmian +3,5%; Finecobank +2,72%; Recorded +2,38%. Bounces Generals, +2,35%, after sales on the eve following a quarterly below expectations. The Chinese move on Hong Kong penalizes luxury: Ferragamo, -2,5%; Moncler -2,07%. Bad Saipem -1,22% and Leonardo -1,21%.
