(Il Sole 24 Ore Radiocor) – After the earnings of last week, the stock exchanges of the Old Continent start the eighth with a cautious attitude, with Milan further behind the other indices, while in Ukraine the negotiation for a ceasefire fails to take off and, indeed, after the massacre of civilians in Bucha, the European Union is ready to launch the fifth round of sanctions against Moscow. After the first positive minutes, the indices turned negative with the FTSE MIB in Milan, back from four weeks in a row of increases, down. The DAX 40 in Frankfurt also moved at a slow pace, after the data on the trade balance surplus, above expectations but down compared to a year ago, the CAC 40 in Paris, the Ftse 100 in London, the IBEX 35 in Madrid and the AEX in Amsterdam. Wall Street futures are also weak in a week without key macro appointments.
Moscow stock market rises, the ruble strengthens again
The Moscow Stock Exchange, where trading now takes place without major restrictions until 18.50 (17.50 in Italy), starts the week up. Moex, the benchmark index denominated in rubles, rose by 0.73%, after a start to the day that was up by more than one point. The dollar-denominated RTS index rose by 0.6%. On the currency front, the ruble, which in the previous octave had recovered ground both on the single currency and on the greenback, returns to rise by 1.36% against the euro and by 1.17% against the dollar, after the start of the session slightly down. The euro / ruble exchange rate is 93.51 and the dollar / ruble exchange rate is 84.25.
In Milan, eyes on Tim and Generali
In Piazza Affari, eyes on Telecom Italia – with Kkr now increasingly out of sight on the takeover bid front – and on Generali, in rallying for several sessions in view of the April 29 assembly for the renewal of the board of directors. Sales on Interpump Group and Cnh Industrial, while Snam Rete Gas goes against the trend compared to utilities after the formalization of the change at the top. In evidence, however, Amplifon, A2a, Enel and Leonardo. Among the minor titles, Roma rebounded after the victory on Sunday that threw them alone in fifth place in the Serie A standings and close to the Champions zone.
Spread slightly up to 155 points
Slightly higher trend for the Btp / Bund spread. The yield differential between the benchmark ten-year BTp (Isin IT0005436693) and the same German maturity is indicated at 155 basis points, from 154 points at the final on Friday. The yield of the benchmark ten-year BTp also increased fractionally, which is indicated at 2.12% from 2.11% at the last closing.