European stock exchanges are up thanks to the positive quarterly results of some big names in the financial sector such as Deutsche Bank in Frankfurt and Lloyds (+ 4% in London). After the uncertain session on the eve, investors are looking to the Fed, and especially to the awaited press conference of President Jerome Powell. Meanwhile, attention remains high on the progress of the vaccination campaign and on infections, with fears that the reopening in various countries could be jeopardized by the new variants. Compared to the rest of Europe, Piazza Affari remains behind with the slightly moved FTSE MIB scores + 0.13% with the ko of Saipem
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In Milan, Saipem collapses, still sales on Diasorin
In Piazza Affari, eyes focused on Saipem which announced revenues of 1.62 billion in the quarter, down by 25% with a red of 120 million. In addition, the Mozambique knot which does not allow to confirm the 2021 guidance, after Total declared the force majeure clause on the Mozambique LNG project, considering the evolution of the security situation in the area. Focus also on Diasorin who announced the placement of bonds of 500 million euros to partially finance the acquisition of Luminex Corporation. In the quarter the company recorded an adjusted EBITDA doubled to 130 million with a + 53% for revenues. In the session of Tuesday 27 April, the stock had collapsed () -5.5%) like the competitors on the estimates of decrease in sales of diagnostic tests of the French BioMerieux. In the front row the increases in the banking sector: + 2.5% Bper, + 1% Unicredit, + 0.9% Banco Bpm. In evidence Tim (+ 1%). Outside the Ftse Mib, + 5% for Mediaset in search of a peace agreement with Vivendi.
Germany, consumer confidence worsens surprisingly
German consumer confidence unexpectedly worsened in May as a result of rising Covid-19 infections and tightening restrictions on shopping, travel and public life in many areas of the country. This is evidenced by the Gsk Index for May which, in fact, shows a drop to -8.8 points from -6.1 revised in April. “The hopes for further easing of restrictions and a revival of consumption have been greatly attenuated,” said research manager GfK Rolf Buerkl, adding that the recovery of the economy will continue to lag due to the third wave of Covid. 19.
Dollar recovering, oil slightly higher
the dollar recovered some other position with respect to the values recorded during the night, with the euro / dollar exchange rate reaching the 1.21 area, returning to 1.2065. Oil slightly up to 66.7 dollars a barrel in the June Brent and 63.2 dollars a barrel in the June contract of the WTI: OPEC + confirmed a gradual increase in supplies with the increase in demand.