An accommodating ECB and the positive start of Wall Street, with Facebook rallying, give greater impetus to European stock markets in the second part of the session. The close is up for Milano, +1%, which regains 24 points (24.035) and reaches a three-year high, i.e. since mid-July 2015. In pole position Mediaset +2,44%, on which Berenberg confirms the buy. It follows A2a, +2,13%, the top since September 2008 on the eve of the shareholders' meeting. Brilliant Eni +2,02% and Atlantia + 1,82%.
In Europe they are slightly more backward Paris +0,74%; Frankfurt +0,63%; Madrid +0,45%: London + 0,53%.
3-year Trerasuries take a breather and slip below XNUMX%, while New York equities move in positive territory, with a number of stocks flying after the quarterly. Among these Facebook which, with gains of more than 8%, could end its best session in two years and recover the losses suffered after the scandal of Cambridge Analytica, the consultancy firm that used the data of 87 million users to advertise political favor of Donald Trump.
It also stands out on American price lists Fiat Chrysler Automobiles (+2% in Piazza Affari), after announcing quarterly profits up 59% and confirmed the guidance for the full year.
The euro fell, falling to 1,21 against the dollar. Operators are evaluating Mario Draghi's words at the end of the ECB meeting that he did not touch the cost of money. The Eurotower number one intends not to change interest rates for an extended period of time and well beyond the end of the Qe, "which will continue at the current rate of 30 billion euros a month until September 2018 and even beyond if necessary ”. The Governor weighs the signs of a slowdown in growth, "even if the expansion remains solid" and the strength of the economy should bring price dynamics close to the 3% target in the medium term. "However, a large degree of stimulus remains necessary because inflationary pressures can continue to mount."
In the meantime, the yields of government bonds in the Eurozone are declining. The 10-year BTP drops to 1,75, while the spread with the Bund it widens slightly to 115.50 (+0,96%). The numbers of the Def were also disclosed, with the go-ahead from the outgoing government for the new macroeconomic trend and an estimate for 2018 confirmed at +1,5%, while 2019 and 2020 are affected by the recessionary effect linked to the automatic increase in VAT and excise duties.
Among the raw materials the PetroleumBrent crude rose 0,46% to $74,34 a barrel. Little moved there'gold, 34,95 euros per gram.
In Piazza Affari, the worst blue chips are General Bank -0,59%; Finecobank -0,59%; Ferragamo -0,57%; Leonardo -0,46%; Unipolsai -0,27%.
telecom, always at the center of attention, it marks +0,46%. In a note, Vivendi writes that the Elliott fund is not consistent, because on April 24 it voted in favor of Tim Amos Genish's CEO, despite being against his business plan.
