With a final snap Business Square returns to parity and closes at 22.745 points, + 0,06% thanks to the extension of Wall Street after employment data. This is how the first week after the elections in Italy ends positively, despite the many unknowns ahead.
Queen of the price list is Tenaris, +3,65%, which benefits from the exclusion of Mexico from the tariffs introduced by Donald Trump on steel and aluminium, while profit-taking partially penalizes banks e Mediaset -1,8%.
The other European markets also moved little. Frankfurt, -0,07%, it is the only rosé. Fractional increases for London + 0,3% Paris + 0,39% Madrid + 0,41%.
Wall Street, after a higher open, gallops ahead on an “Impressive” jobs report, as Treasury Secretary Steven calls it Mnuchin. In February, 313 jobs were created, the highest figure for over 18 months and significantly higher than estimates. However, the markets are encouraged above all by the modest hourly growth in wages (+0,15%), below forecasts. This is the news that calms fears about a recovery in inflation and a stronger-than-expected monetary tightening by the Fed.
The change is stable euro dollar, in area 1,23. Little moved the gold, while the Petroleum bounces decisively. Brent 65,32 dollars a barrel, +2,69%.
The Italian secondary is moderately negative: the yield of BTP is 1,92%; the spread with the German Bund it rises to 126.20 basis points (+1,12%).
In Piazza Affari, the blue chips with the best performances are after Tenaris Atlantia +2,96%; Leonardo +2,27%; Exor +1,64%; Finecobank + 1,43%.
Banks are mostly down. The worst are where -2,6%; Bper -2,16%; Bpm bank -2,42%. Bucking Creval, +6,62%, toasting the success of the capital increase, with the closing of the option period and subscriptions for 581,6 million euro, equal to approximately 83,1% of the offer.
Profit-taking on Mediaset after yesterday's rally. Down Italgas -1,66% and Ferragamo, -1,61, with disappointing 2017 results on the profitability front, while the start of 2018 would be as weak as the end of last year.
On the contrary, the good accounts 2017 of Gima and the proposal for a dividend of 0,42 euros per share, give the parent company a boost Imma, + 5,44%.
