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Positive European exchanges. Milan in the wake thanks to luxury and oil

(Il Sole 24 Ore Radiocor) – Le European stock exchanges they rose in the last session of April, the overall balance of which however remains in the “red” for many lists. Purchases on cars, banks and technology are supporting the continental markets, which follow the bullish trend that involved Wall Street on the eve, despite the results quarterly in chiaroscuro, and in the night the Asian indices – orphans of Tokyo closed for holidays – thanks in particular to the prospect of a relaxation of the regulatory tightening imposed by the Chinese government on the tech giants. At Piazza Affari the FTSE MIB thus gains ground, bringing the monthly deficit recorded in April to approximately -2.8%. In the rest of the Old Continent, the main price lists in Frankfurt also rise (DAX 30), Paris (CAC 40) Amsterdam (AEX) and London (FT-SE 100).

On the macro front, in the meantime, after four quarters of sustained growth, in the first quarter of 2022 Italian GDP decreased again, down by 0.2% compared to the previous quarter (on a trend basis + 5.8%) while the Gross Domestic Product of Germania it rose 0.2% despite the impact of the war in Ukraine. In the afternoon, US incomes and consumer spending are expected for the month of March with the deflator monitored by the Fed.

FTSE Mib stock market trend

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Top luxury and oil in Milan. Donnet confirmed to Generali

The manufacturer stands out among the main Milanese titles Stellarisits controlling holding Exor and always in the “Agnelli galaxy” too Cnh Industrial. The Italian-French group Stmicroelectron it rises for the third consecutive day after the publication of the quarterly accounts that are better than forecasts in a technological sector in turmoil for developments in China and awaiting the accounts of the US giants. The balance sheet data also support Eni which, however, after a brilliant start has slowed down its run. Net profit for the quarter jumped to 3.58 billion from 856 million in the first quarter of 2021 and “adjusted” net profit to 3.27 billion from 270 million. At the bottom of the price list Amplifier e bpm bank, with credit institutions moving in no particular order. In modest rise General where the list of the board of directors, led by the CEO Philippe Donnet and by the president Andrea Sironi, has checked the one proposed by Francesco Gaetano Caltagirone for the renewal of the board of the company. The first, supported by Mediobanca and foreign funds, received favorable votes in the meeting equal to 55.9% of those present (70.6% of the capital participated in the vote) while the one promoted by the Roman entrepreneur, for whom they voted Leonardo Del Vecchio, the CrT Foundation and the Benettons, also received 41.7% (in absolute terms the two lists collected 39.5% and 29.4% respectively).

Eni confirms the listing of Plenitude within the year

Not only do you count. The group Eniin fact, it also confirmed the public offer of shares of the subsidiary Plenitude and the listing on the Milan stock exchange through an IPO by 2022, subject to market conditions. The company writes it in the 2022 outloook indicating that Plenitude’s EBITDA is expected to exceed 0.6 billion, in line with guidance. The guidance of over 2 GW of installed capacity from renewable sources at the end of 2022 has also been confirmed (at 100%).

Stable spread at 181 points, yield at 2.7%

Positive session for government bonds traded on the electronic secondary MTS, all in appreciation compared to the eve of the eve. The BTp at ten years it is in fact in recovery. The yield differential between the ten-year Italian benchmark and the same German maturity is indicated at 181 basis points, the same level as the final on April 28th. The yield of the ten-year BTp thus falls back to 2.7% compared to the peak of 2.72% on the eve, a record since May 2019.

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