Piazza Affari gained a total of 0.8% in the last week, entering the fourth consecutive eighth of earnings and bringing the performance from the beginning of the year to + 9.7%. Utilities supported the run of the FTSE MIB, which since the beginning of the year has been second only to Amsterdam (+ 11.53%), while at the European level the technological, chemical and financial services sectors were the other sectors to to stand out. On the Ftse Mib the eighth was marked by the fall of Leonardo (-10%) due to the postponement of the listing on Wall Street of the subsidiary Drs.
Friday, the oil rush, ignited by the Suez case, la US-EU collaboration on vaccines and the improvement in German business confidence in March laid the foundations for the rise in European equity markets at the weekend, which was also supported by the optimism that came from the United States with the acceleration of the vaccination campaign by the administration Biden and with the positive signal coming from the Federal Reserve’s intention to allow banks dividends and buybacks from the second half of the year. The AEX in Amsterdam was the best and reached an all-time high. New top now a few points away for the DAX 30 in Frankfurt.
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Support came precisely from the collaboration between Europe and the United States on the anti-Covid vaccines front that emerged during the EU Council. Furthermore, the president of the EU Commission, Ursula Von der Leyen, assured the hard punch against AstraZeneca for delivery delays. Overseas, however, US President Joe Biden has raised the bar, promising “200 doses of vaccines inoculated in the first 100 days of his mandate.” Thus investors are once again betting on the recovery, despite the fact that for now the infections in the Old Continent remain high and despite some states of the European Union are in lockdown. Wall Street closed higher on Friday evening with the Dow Jones gaining 1.39% to 33,072.45 points, the NASDAQ COMP 1.24% to 13,138.72 points and the S & P500 index gaining 1.66. % at 3,974.52 points
In Piazza Affari, oil stocks raise their heads, eyes on Atlantia
In particular, Tenaris stands out. The shares of Atlantia are also well planned, pending the submission of an offer for Autostrade per l’Italia, which, according to press rumors, could value the company over 9.5 billion. On the eve, however, there was yet another twist with the “tear” of Edition on the “no” to the split of the same Aspi. Generali is on the rise, despite the fact that the expansion objective in Poland has vanished. The British insurance company Aviva has in fact announced that it has reached an agreement to sell the subsidiary Aviva Poland, which was also interested in Generali and the Dutch NN, to the competitor Allianz for 2.5 billion, with an enterprise value of 2.7 billion. . Analysts, however, believe that the price offered is high and therefore that in the end it was not bad news that the Lion of Trieste remained out of contention.
Under the Tim lens, good StMicroelectronics
Cnh Industrial and Ferrari are also well set up. The Agnelli galaxy is at the Exor stake, after the 2020 accounts and the coupon proposal. The year ended with a net loss of 30 million euros, compared to a net profit of 3.053 billion euros in 2019. The board of directors, however, will propose to the shareholders’ meeting a dividend of 0.43 euros per share , unchanged from last year. Stmicroelectron is also under the lens, after the board announced that it will propose the distribution of a cash dividend of $ 0.24 per share at the annual general meeting on May 27th. Telecom Italia continues to rise, with the Draghi government accelerating on the single network project and after the assignment of the TV rights of the Seria to 2024 to Dazn (which moved on this game with the technological support of the telecommunications led by Luigi Gubitosi ). The Leonardo – Finmeccanica companies are also trying to recover, after the abrupt braking of the last two sessions, caused by the announcement of the stop to the listing of Drs.