Day without sprint for Piazza Affari that does not queue at the Wall Street rally. The New York Stock Exchange opened sharply with Dow Jones for the first time above 34,000 points thanks to the jump in US retail sales (+ 9.8% in March) and new results beyond expectations from the quarterly reports. Today it was Bank of America and BlackRock that turned out profits beyond expectations.
The Ftse Mib at the end of the day scored -0.19% at 24,528 points. Among the worst is CNH (-1.66% at 13 euros) which pays for the words spoken by Giancarlo Giorgetti. The Minister of Economic Development, who spoke this morning during a hearing in the House, said that “there is a concern, there is no formal notification to the Government regarding corporate transactions and the use of the Golden power responds to certain laws of the State, so we also need to look at the legal case: check to what extent Iveco is still a company under Italian law ”. “At stake are interests that we consider strategic – added Giorgetti – which justify an evaluation, be it positive or negative, as regards the Golden Power”.
Among the stocks of the Agnelli galaxy, Ferrari did well (+ 0.95% to € 175.8) on the day of the shareholders’ meeting. Chairman and CEO, John Elkann, told shareholders that progress has been made in creating a short list of candidates for the role of CEO. Elkann has announced the arrival of three more new models in the coming months. On the other hand, the first 100% electric Ferrari is scheduled for 2025.
Flat sitting (-0.05%) for Stellantis with its ceo Tavares who during the meeting confirmed the target of tripling the sales of electric cars in 2021. Regarding the new plan coming at the end of the year, the ceo said which will be a plan of attack, not a defensive one.
Among the banks, UniCredit is still subdued today (-1.14% at € 8.429) with the shareholders’ meeting that approved the discussed remuneration plan which provides for a salary of € 7.5 million for the new CEO, Andrea, for 2021. Orcel.
Among the big downs ENI (-1.18%). Enel, on the other hand, stood out positively (+ 0.84%), which partially recovers the declines of the previous day. the best was Amplifon with + 2.84%.