Europe cautious after Wall Street records. In Milan, Buzzi shoots with the US plan

Uncertain and mixed trend for European stock exchanges which had also started on the rise, in the aftermath of the new Wall Street records. The indices are supported on the one hand by the prospects of economic recovery fueled by the bipartisan agreement on the infrastructure plan in the United States of about 1,000 billion dollars (of which 600 of actual investments) developed by the Biden administration, but on the other hand are held back by fears related to the spread of Covid variants and uncertainty about the future moves of central banks. The price lists therefore move with caution, with the FTSE MIB of Milan, the CAC 40 of Paris, on DAX 30 in Frankfurt, the Ftse 100 in London, theIBEX 35 of Madrid andAEX of Amsterdam little moved.

Wall Street futures up after records

In the afternoon, investors await the data on consumer spending in the United States, which will also provide indications on the trend of inflation, an element at the center of attention to understand the next moves by the Federal Reserve. Meanwhile, in the pre-market on Wall Street, where the S&P 500 and Nasdaq reached new highs on the eve, the banks are doing well, supported by the positive outcome of the stress tests which paves the way for the return of dividends starting from July.

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Buzzi snaps to Piazza Affari, Diasorin in the queue

Among the Milanese stocks with the highest capitalization, Buzzi Unicem stands out thanks to its exposure to the American infrastructure sector. Also good Mediolanum Bank, Banca Generali e Telecom Italia, while it is weak Diasorin. In the spotlight too Stellantis, after Jefferies analysts confirmed the “buy” rating and raised the price target from 21 to 22 euros per share.

Slight spread, stable ten-year yield

Little moved trend for it spread between BTp and Bund. The differential between the ten-year benchmark BTp (IT0005436693) and the same German duration marked a first position at 105 basis points, a slight increase compared to the 104 points of the reference before. The yield of the benchmark ten-year BTp is confirmed at the levels of the previous closing, at 0.87 per cent.