The positive closing on Friday “saves” the week of European stock exchanges. In the eighth the Ftse Mib gained 0.63%, with the Ibex35 in Madrid doing better, registering a + 0.95%. Frankfurt (+ 0.11%) and Paris (-0.01%) remain practically flat, with the Ftse100 in London black jersey (-1.21%), when the Stoxx600 Europe index lost 0.54% compared to to last week. Among the sectors, that of Banks stands out positively (+ 2.35% in the eighth), while the performance of the Travel and Entertainment sectors (-6.68%), Technology (-3.25%) weighed negatively on the European price lists. %) and Raw materials (-2.62%). In Piazza Affari, the three best stocks are Unicredit + 9.18%, Prysmian + 8.81% and Banco Bpm + 8.66%. Opposite sign for Amplifon -6.5%, Stmicroelectronics -5.7% and Atlantia -2.61%.
In the session of April 14, the positive trend of Wall Street (which closed up: Dj + 1.06%, Nasdaq + 2.32% and S & P500 + 1.49%) supported the stock exchanges, which closed well. upwards, with the FTSE MIB in Milan, the CAC 40 in Paris, the DAX 30 in Frankfurt and the IBEX 35 in Madrid which scored the best performances. The slowdown in commodity prices is helping investors put fears about inflation behind them, at least for the moment, bringing economic recovery to the fore.
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The overseas consumer price index has risen but investors seem to be confident with the indications coming from central banks that the phenomenon is transitory and that both the Federal Reserve and the European Central Bank will continue to support the recovery economic. Meanwhile, while the publication of the quarterly reports continues, macro data from the US has not been particularly brilliant, but has not caused repercussions on the stock markets. In particular, retail sales were unchanged in April, below expectations, industrial production in the same month rose but less than expected and consumer confidence measured by the University of Michigan fell in May, against an estimate of a rise.
In Milan, weak Inwit and Atlantia. Prysmian the best
In Piazza Affari, attention was focused on the results of the first quarter of 2021. The publication of accounts above expectations supported Azimut and Interpump, as did Prysmian, thanks to the confidence expressed by the CEO Valerio Battista on the performance of the entire 2021. Unipol down after the accounts for the period January-March. Inwit down after two brilliant sessions and the quarterly report closed with profits of 43.5 million euros, up by about 30%. Atlantia is also down.
Banco Bpm promoted by Deutsche Bank: appeal from M&A rises
Banco Bpm is among the best of the day. The prices benefit from the positive opinion of Deutsche Bank analysts, who in a report on the Italian banking sector raised the recommendation on the stock to “buy” with a price target of 3.1 euros (from 2.7). ” With the probable extension and increase in the benefits of the conversion of tax assets (Dta) into Cet1, the success of the takeover bid by Credit Agricole on Credito Valtellinese and the fact that the market price of Banca Popolare di Sondrio now incorporates a probability very high of a business combination, we expect Banco Bpm’s speculative appeal to grow significantly in the coming months’, the experts write.