Home » Bags today April 23: from S&P possible first report card to Draghi

Bags today April 23: from S&P possible first report card to Draghi

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MILANO – 13:10. Price lists down at the end of a week lived amidst concerns about the growth of Covid infections in territories such as India and Brazil and the signs of economic recovery, for which the ECB has also spent its time. Europe remains sluggish at the turning point: Frankfurt leaves 0.3% on the ground, Paris lo 0.23%, London 0.45%. Also Milano it is weak at -0.35%. The updates on the SME indices of the countries, the surveys carried out among the purchasing managers of the companies, contribute in part to mitigate the concerns of investors. In the Eurozone as a whole, the manufacturing figure rose in April to 63.3 points from 62.5 in December, setting the absolute record since 1997. At the dop for 9 months also the composite figure, up to 53.7.

Italy could receive today the first report card by S&P since the Draghi government took office: Dbrs (April 30), Moody’s (May 7) and Fitch will close on June 4. Despite the forecasts of debt / GDP growth of almost 160%, the climate around the country is certainly less tense than what has often happened in the recent past. The action of the ECB that keeps rates squashed makes the cost of debt sustainable and the emphasis that all institutions place on the need to support the recovery facilitates the government’s wide sleeve. In perspective, there remains a problem that Italy must tackle, hopefully through growth (thus expanding the denominator) rather than through budgetary rigor.

At Piazza Affari, Tod’s jumped by more than ten points after yesterday, with closed markets, LVMH announced the increase to 10% of the stake in the company: a move that revives the market’s interest in Italian high-end products, plausible that on the list the bets on the next targets for the big international big names in the sector are starting. The title of the company led by Della Valle leaps into double figures right from the start (follow live), aligning itself with the prices at which, according to Equita, the French giant could buy the Italian company in the future. Attention also on Atlantia on the day the board of directors returns to discuss the Autostrade dossier.

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The Asian stock exchanges are mixed. Tokyo loses 0.78%, due to the risk of a new state of emergency, three months before the start of the Olympic Games scheduled in the Japanese capital, in the face of a strong local increase in the coronavirus. Instead, the other lists are better, despite the negative closing of Wall Street for the fear that the American president, Joe Biden, could raise the tasse sul capital gain. Hong Kong gained 0.8%, Seoul by 0.2% and Shanghai lost 0.09%.

It spread between BTP and Bund German is stable at 101 basis points at the start of the day. The yield of the 10-year Italian bond marks 0.75%. The placement of the third BTP Futura, with relative determination of the rates, which in the previous days broke through 5.1 billion orders.

Among the raw materials, the price oforo is up on the Asian markets. The precious metal is quoted at $ 1,786.21 an ounce, with a gain of 0.13%. The prices of the Petroleum they rise slightly. Investors look to vaccination-led economic recovery, but rising Covid cases in India are holding back gains. On the electronic circuit, futures on Light crude rose by 0.44% to $ 61.70 and those on Brent rose by 0.3% to $ 65.60 a barrel.

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