Interlocutory day for Piazza Affari. The Ftse Mib index updated the annual tops today (close to 24,880, + 0.07%) but once again fails to close above the psychological threshold of 25,000 points, a level above which the pre-Covid multi-year tops stand. touched in February 2020. From the lows of March 12, 2020, the Milanese guide index marks approximately + 67%.
In general, optimism continues to prevail on the markets for reopening in Europe, which should allow for a rapid economic acceleration in the coming quarters. Reassurances also came on the central bank front. Federal Reserve Vice President Richard Clarida believes that a review of the measures in place will only take place if the evolution of economic indicators threaten to favor higher inflation expectations.
Among the securities of the main Milanese basket, Amplifon stood out positively with a jump of 2.68%. Stm also did well (+ 0.55%) in the wake of the positive trend of the Nasdaq. Over + 1% for Pirelli and Moncler.
Among the big names, a day without verve for Enel (-0.36% to € 8.128) which in recent weeks is underperforming also thanks to the increase in bond yields (yesterday BTP rates reached their highs at over 8 months). Interlocutory session for Stellantis (-0.04%) who announced the strategic partnership with Foxconn aimed at developing advanced digital technologies for the car. The joint venture Mobile Drive will focus on infotainment, telematics and development of cloud servic platforms through software innovations that should include applications based on artificial intelligence, 5G communication, advanced over-the-air services, e-commerce opportunities and smart integrations. cockpit.
Purchases on Generali (+ 0.2%) after having released the accounts for the first quarter, which closed with a net profit up to 802 million euros, beyond market expectations which stood at 705 million. CFO Cristiano Borean remarked that the Trieste insurance group has 2.3 billion euros in cash for acquisitions. “We are continuing to evaluate opportunities in the market in a disciplined and opportunistic manner,” Borean said during the conference call with analysts following the presentation of the first quarter results.
Among the negative signs, Atlantia slipped by 0.61% to € 15.44. A scenario of great uncertainty weighs on the stock, especially if the offer of the consortium led by CDP for Autostrade per l’Italia (Aspi) is not accepted. Telecom Italia was weak, moving on parity (-1.1% to € 0.4386) in the wake of the below-expected accounts released by Iliad and Vodafone. In particular, the British telecommunications giant reported profits below expectations and annual revenues fell by 2.6% to 43.8 billion euros, also thanks to the impact of travel bans and the decline in smartphone sales.