Enel, shares in the red after the appointment of Cattaneo and Scaroni

Enel, shares in the red after the appointment of Cattaneo and Scaroni

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MILAN. Stable start for the European stock exchanges, with the exception of Paris, which runs supported by luxury stocks, after the publication of the first quarter sales recorded by the giant Lvmh. The Cac40 stands out with a +1%. Milan, on the other hand, fluctuates on parity, as do Amsterdam, Madrid and London. Frankfurt gains 0.2%. Today, another indicator of inflation in the US is scheduled, producer prices for March, after yesterday it was announced that the consumer price index in March slowed down to +5% per year from +6% in February . However, Wall Street closed down yesterday, after the specter of a possible slight recession in 2023 emerged from the Federal Reserve minutes relating to the last FOMC meeting. Fashion and luxury shares are in good demand in Piazza Affari, in particular follows the higher-than-expected accounts announced yesterday after markets closed by Lvmh, which meanwhile opened up by more than 4%. Moncler gains 3.2%, Cucinelli 1.8%, Ferragamo 4.28%, Tod’s 2.4%. The shares of state-owned companies are under scrutiny, following the announcement of the list of appointments proposed by the Treasury. In particular, the market is cold on the indications of Flavio Cattaneo and Paolo Scaroni as, respectively, CEO and president of Enel (-2.7%).

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Leonardo, on the other hand, rose by 0.6%, after the drop on the eve, when the news had already spread that Roberto Cingolani would have been indicated as CEO. On the foreign exchange front, the euro is traded at 1.0997 dollars (closing at 1.0995 yesterday), after yesterday it had touched the threshold of 1.1, which has not happened since 5 April 2022. It is also worth 146.36 yen (146.425), while the dollar/yen ratio is at 133.1 (133.23). The value of crude oil is stable: the May wti is stationary at 83.19 dollars a barrel, Brent is down 0.11% at 87.22 dollars. Finally, gas in Amsterdam rose by 0.5% to 43.1 euros per megawatt hour.

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