Bags, today April 14th | Europe starts positively, Milan opens on the upside

Positive initial phases on the Milan Stock Exchange with the Ftse Mib at +0.29% and then immediately moving to +0.4%. The main energy companies contrasted with Eni and Enel respectively at -0.27 and +0.59 per cent. Utilities and banks are recovering, while the accounts of JpMorgan, Citigroup and Wells Fargo are awaited for today. In the front row Stellantis (+1.3%) on which Jefferies analysts have raised the price target confirming the buy recommendation. Tim drops by 0.46%. Among the financials, Unicredit at +0.22%, Intesa +0.25%, Generali little move at 1.845 euros per share. Finally, as regards industrialists, Stellantis rose by 1.01% the day after the shareholders’ meeting, Leonardo +0.30% and Ferrari +0.63% on the day of the meeting. Here the data in real time.

European stock exchanges

The European stock exchanges open the last weekly session with a timid rise amid the bet of a more cautious attitude on rates by central banks – after Singapore surprisingly maintained the status quo – and the wait for the quarterly reports of the big credit and US retail sales data for March. In the rest of Europe, a new positive signal for the luxury sector came from Hermes (+1.5% in Paris) which achieved sales of 3.4 billion in the first quarter (+22%). Yesterday it was Lvmh that gave the push with its turnover data.

Spreads, euro, dollar and oil

Stable start for the spread between BTp and Bund in a context of fractional movements on the euro yield curve. At the beginning of the session, the yield differential between the 10-year benchmark BTP (Isin IT0005518128) and the same German maturity indicated at 185 basis points, stable compared to the previous day’s closing. The yield on the 10-year benchmark BTP rose slightly, taking first place at 4.24% from 4.22% in the previous reference. Here the spread in real time. On the foreign exchange market, the exchange rate between the euro and the dollar remained stable at 1.066, the highest for a year and in line with the values ​​recorded yesterday evening at the close of the continental markets. Euro/yen at 146.66, dollar/yen at 132.57. Oil slightly up to 86.25 dollars a barrel in Brent in June and 82.4 dollars a barrel in Wti in May. Natural gas slightly down below 42 euros per megawatt hour (41.9 on the TTF in Amsterdam).