Positive session for the European Stock Exchanges
Positive session for the European Stock Exchanges. Investors await the intervention of Jim Bullard, president of the Fed of Saint Louis, one of the promoters of the tightening on interest rates, while tomorrow the data on US payrolls are expected, which will allow to evaluate the effects of the rate hike on the American economy. Also waiting for the next moves of the ECB. In any case, the uncertainty on the global economy, with the winds of recession blowing again in recent days, is added to the tension in Italy on the Pnrr which would be late, casting doubt on the next loans.
At the TTF in Amsterdam, the price of gas drops to 44 euros per megawatt hour. The price of oil also fell, with Brent and Wti decreasing by more than 0.2%. In Milan, the Ftse Mib closes positive: it marks a rise of 1.29% to 27,213.86 points. The spread between BTPs and German Bunds remained stable, hovering above 180 basis points. The yield on ten-year bonds is down, around 4%.
Enel (+3.30%), Banco Bpm (+2.50%) and Bper (+1.55%) performed well on the main stock exchange in Piazza Affari. As regards the latter, the Fitch agency has improved the ratings on capital solidity assigned to the institute. In particular, the experts revised the long-term issuer rating upwards in the investment grade area, from “BB+” to “BBB-“. Intesa Sanpaolo also grew (+2.12%): in the sessions of 3 and 4 April, the institute purchased 23.55 million treasury shares, at the weighted average price of 2.3684 euros per share. The total value of the transaction amounts to 55.79 million euro.
Then Unicredit rose (+2.81%), which announced, through its subsidiary UniCredit Bank, that it had entered into an agreement for the sale of a portfolio consisting of loans to German corporate and SME companies to funds managed by LCM Partners. At the bottom, however, Interpump (-1.12%) and Moncler (-1.53%). (in collaboration with Money.it)