In Milan a shot of Amplifon, good Cnh Industrial
In Piazza Affari the FTSE MIB was dragged along by the exploit of Amplifon thanks also to the “promotion” of S&P which raises the outlook to stable (from negative). Cnh Industrial sales with the whole Agnelli galaxy on the hypothesis of a short-term agreement with the Chinese of Faw for the sale of Iveco, an operation that could lead – according to analysts – to an extraordinary coupon. Realizes on Diasorin after the tear of the eve for acquisitions in the US, asset management weak. On the currency market, the dollar loses share after inflation. The Ferragni effect on Tod’s resumes on the rest of the list, reaching its maximum in 14 months: capitalization increased by 200 million euros in three sessions, returning to 1.15 billion. Iren also did well after entering the capital of the Metropolitan City of Turin with 2.5%.
The indiscretions on possible acquisitions abroad, reported by the Sole 24 Ore, did not shake the Generali stock, while the insurance company, after the failure to purchase the Polish assets of Aviva, would be evaluating new growth alternatives through external channels, with focus in particular on Russia and Malaysia ..
Bitcoin at $ 62,000 on the eve of Coinbase’s listing
The price of bitcoin exceeded $ 62,000, thus rising to its all-time high on the eve of the IPO of one of the largest exchange platforms, Coinbase. In the beginning of trading, bitcoin was trading for $ 62,377 and has seen its price rise 114% since the beginning of the year, as Wall Street prepares to welcome a company on the stock exchange for the first time a company focused on cryptocurrencies.
BTp, assigned three years for 4 billion, yield rises by 5 cents
Good demand and rising yields for the Treasury’s auctioned BTp. In detail, the Treasury issued the third tranche of the 3-year BTp maturing 15/04/2024 for 4 billion against a request of 5.519 billion. The yield rose by 5 cents to -0.17%. The 15th tranche of the 10-year BTp expiring on 01/06/2026 was also placed: against requests for 2.708 billion the amount issued was 1.75 billion while the yield stood at 0.12%. Finally, the second tranche of the 15-year BTp maturity 01/03/2037 was assigned for 2 billion against a total demand of 2.947 billion, and achieved a gross yield of 1.26 per cent. The regulation of the auction falls on next April 15th.
Oil, Opec raises world demand estimate 2021
Crude oil prices soar, on the day OPEC raised its forecast for global oil demand growth this year in hopes of a slowdown in the Covid-19 pandemic. In the new report, OPEC estimates that demand will increase by 5.95 million barrels per day in 2021, or 6.6%, an increase of 70,000 barrels per day compared to last month. However, OPEC lowered its forecasts for the second quarter. “As the spread and intensity of the pandemic is expected to decrease with the launch of vaccination programs, social distancing requirements and travel restrictions are likely to be scaled back, offering greater mobility,” OPEC said in the report. The upward revision marks a change of tone compared to previous months, in which OPEC lowered its forecasts on demand due to continuous blockages. In New York, the barrel of oil returns to hook up to 60 dollars.