(Il Sole 24 Ore Radiocor) – Prudence remains the watchword for i European stock markets. Investors await concrete developments in the negotiations between Russia e Ukraine to reach an agreement at least on the ceasefire, while the slowdown in Chinese manufacturing activity and the prospect of a use of strategic reserves by the United States put a brake on the growth of energy prices. The Old Continent, meanwhile, is dealing with the latest inflation data, which is at 6.7% per annum in Italy and 4.5% in France in March. At Piazza Affari the FTSE MIB thus moves around parity, together with Paris (CAC 40), Frankfurt (DAX 30), London (FT-SE 100)e Madrid (IBEX 35). In any case, the European lists are preparing to close March, recovering the levels of the end of February and with a rebound of more than 14% compared to the lows of 7 March. Among the main Milanese stocks, weak Telecom Italiagain ground instead Saipem. Meanwhile, the Wall Street indices fell after the jump ininflation PCE “core” in February at + 6.4% year on year, at the top since 1983.
FTSE Mib stock market trend
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In the US, PCE inflation + 6.4% in February, at the top since 1983
Meanwhile, inflation in the United States continues to rise. In fact, in February, the measure preferred by the Federal Reserve to calculate it, the Personal Consumption Expenditures Price Index (PCE), grew by 0.6% compared to the previous month and by 6.4% compared to a year earlier, after the + 6% in January (the highest figure since 1982). The “core” component of the data, net of volatile elements, grew by 0.4% compared to the previous month and by 5.4% compared to a year earlier, after 5.2% in the previous month, the highest since 1983.
In Washington, total subsidies are the lowest since 1969
In the United States, the number of workers who first applied for unemployment benefits in the week ending March 26 increased by 14,000 to 202,000, the Department of Labor reported. ). The total number of workers receiving unemployment benefits fell by 35,000 to 1.307 million, the lowest figure since December 1969. The total number of people receiving aid from the various state and federal programs was 1,775,826 in the week. ended March 12, down 81,975 from the previous week.
Focus on Generali in view of the record date for the assembly
“We believe the stock will receive short-term technical support from further potential market purchases before the record date of April 14th.” This is how Banca Imi analysts summarize the appeal of the shares General in view of the shareholders’ meeting of 29 April and the standoff for the renewal of the board of directors between the list drawn up by the board of directors, supported by Mediobanca, and that of Francesco Gaetano Caltagirone supported by Leonardo Del Vecchio. To further ignite the bet on new purchases on the market were the rumors according to which Del Vecchio could rise to the threshold of 10%, from the current 8.2%, while also Fondazione Crt, which was part of the shareholders’ agreement with the two entrepreneurs, it could round the current package by 1.7 percent.
All ready for sale Aspi, Atlantia at the top for 2 years
Atlantia tests again 19 euros on the maximum in two years while everything is ready for the closing of the sale of Autostrade per l’Italia. With the registration by the Court of Auditors of the Interministerial Decree approving the Addendum and the economic and financial plan, all the conditions precedent set out in the sale agreement by the holding company of the 88% of Aspi to the led consortium have been verified by Cdp Equity in which Blackstone and Macquarie participate. Closing is now expected within 30 working days. “Clearly positive news” for Banca Akros, given that it removes once and for all the uncertainty about the definition of the transaction. Equita Sim analysts, who raise the price target to 20.5 euros with a recommendation that remains “buy”, are already looking at the execution of the buy-back program of up to 2 billion euros approved by the shareholders’ meeting in December : For the sale of Aspi, Atlantia will collect € 8.2 billion.
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