On the stock exchange the boom of Big Tech, Ferrari is now worth more than GM and Ford
2020-05-05T07:42:07.968Z
Positive start for European stock exchanges, after yesterday's drop. Opening Ftse Mib + 1.7%, as well as the Cac40 in Paris. The Ftse 100 in London and the Dax in Frankfurt go up by a percentage point and a half. The BTP / Bund spread yesterday closed down, at 234 basis points, ten points less than the peak of the day. Slightly declining today, 232. Today the German Constitutional Court will comment on the legitimacy of the new ECB bond purchase plan. Yesterday, the market day had started badly in Asia and continued with the minus sign in Europe, with -3.70% of the Ftse Mib, for fears of a new tariff war between the United States and China. In the evening, however, the US market recovered, with the Dow Jones just above parity (+ 0.11%). The downside was driven by the collapse of aviation stocks, after Warren Buffett, president of Berkshire Hathaway, considered the most influential of the world's major investors, said he had sold all the stocks in the sector. Instead, the Nasdaq race continues, the list of technological stocks, of only 2 percentage points below the levels at the beginning of the year. The race of the last month of the technological giants is evident: Facebook + 33%, Apple + 21.44%, Alphabet + 20.85%. Amazon + 21.47% in the last month and + 25% since the beginning of the year. The Tokyo and Shanghai stock exchanges were still closed for the night, Hong Kong and Mumbai slightly off. Oil also recovered: + 5% for the North Sea Brent (at $ 28.6 a barrel) and + 8.5% for the American WTI, which returned just above $ 22 a barrel. All business sectors recover in Piazza Affari, the best is oil & gas (+ 3%). Saipem, Tenaris and Eni rose by more than 4% of the individual Ftse Mib stocks. Poste, Azimut and Ubi Banca follow. Ferrari only negative share (-0.65%). But for the Prancing Horse it is a profit taking after the + 7% of yesterday, which came after a quarterly higher than expected. Now the title of the Maranello team is worth 30 billion dollars, almost one more than General Motors and ten more than Ford.
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by Fabrizio Patti 05 May 2020 Positive start for European stock exchanges, after yesterday's drop. Opening Ftse Mib + 1.7%, as well as the Cac40 in Paris. The Ftse 100 in London and the Dax in Frankfurt go up by a percentage point and a half. The BTP / Bund spread yesterday closed down, at 234 basis points, ten points less than the peak of the day. Slightly declining today, 232. Today the German Constitutional Court will comment on the legitimacy of the new ECB bond purchase plan. Yesterday, the market day had started badly in Asia and continued with the minus sign in Europe, with -3.70% of the Ftse Mib, for fears of a new tariff war between the United States and China. In the evening, however, the US market recovered, with the Dow Jones just above parity (+ 0.11%). The downside was driven by the collapse of aviation stocks, after Warren Buffett, president of Berkshire Hathaway, considered the most influential of the world's major investors, said he had sold all the stocks in the sector. Instead, the Nasdaq race continues, the list of technological stocks, of only 2 percentage points below the levels at the beginning of the year. The race of the last month of the technological giants is evident: Facebook + 33%, Apple + 21.44%, Alphabet + 20.85%. Amazon + 21.47% in the last month and + 25% since the beginning of the year. The Tokyo and Shanghai stock exchanges were still closed for the night, Hong Kong and Mumbai slightly off. Oil also recovered: + 5% for the North Sea Brent (at $ 28.6 a barrel) and + 8.5% for the American WTI, which returned just above $ 22 a barrel. All business sectors recover in Piazza Affari, the best is oil & gas (+ 3%). Saipem, Tenaris and Eni rose by more than 4% of the individual Ftse Mib stocks. Poste, Azimut and Ubi Banca follow. Ferrari only negative share (-0.65%). But for the Prancing Horse it is a profit taking after the + 7% of yesterday, which came after a quarterly higher than expected. Now the title of the Maranello team is worth 30 billion dollars, almost one more than General Motors and ten more than Ford.
