Exploits of Chinese exports, keep the accounts of Enel and Snam
2020-05-07T07:58:08.200Z
Positive start for European stock exchanges after yesterday's drop. Milan's Ftse Mib scores + 0.65%, London + 0.35%, Frankfurt + 0.80%, Paris + 0.55%. German industrial production moved the markets: it collapsed in March on a monthly basis as never since 1991. In February the figure had been stable (+ 0.3%), in March it fell by 9.2%. During the night, the Asian stock markets did not move much: Hong Kong's fell by half a point, all the other main squares around parity. In the end, a rise after the Chinese export figure: + 3.5% in April compared to the same month of the previous year, against expectations of a drop. Imports, on the other hand, fell by 14.2%. Exports had decreased by 6.6% in March, -17.2% in January / February. Weak day also on Wall Street yesterday. After one of the usual job market surveys by ADP estimated 20.2 million jobs were lost in the United States in April. Instead, the market for technology stocks continues to rise, the Nasdaq, now only one percentage point from the levels at the beginning of the year. The BTP / Bund spread rose 4 points yesterday to 252 basis points. Today it is at 256. The yield of the Italian 10-year BTP is 2.06%, 40 basis points more than a month ago. Tomorrow evening the Italian debt ratings of Moody's and Dbrs. A lot of quarterly data also arrived yesterday. 2.7 billion euro loss for Unicredit; profit of 1.2 billion for Enel, up 10%. Intermediate results from Leonardo, Azimut, Mediobanca, Mps, Banco Bpm, Recordati are expected today. In the meantime, Snam's accounts have been released: the first quarter was closed with a net profit of 298 million euros, an increase of 5.3% compared to the same period last year. Total revenues were 691 million euros (+ 8.1% compared to the first quarter of 2019). In Piazza Affari, best Prysmian, Atlantia and Enel stocks, with increases of around + 2%. Worse performances for Ferrari (-0.8%), Pirelli (-1.1%) and Cnh Industrial (-2.4%). Update 9.20
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by Fabrizio Patti 07 May 2020 Positive start for European stock exchanges after yesterday's drop. Milan's Ftse Mib scores + 0.65%, London + 0.35%, Frankfurt + 0.80%, Paris + 0.55%. German industrial production moved the markets: it collapsed in March on a monthly basis as never since 1991. In February the figure had been stable (+ 0.3%), in March it fell by 9.2%. During the night, the Asian stock markets did not move much: Hong Kong's fell by half a point, all the other main squares around parity. In the end, a rise after the Chinese export figure: + 3.5% in April compared to the same month of the previous year, against expectations of a drop. Imports, on the other hand, fell by 14.2%. Exports had decreased by 6.6% in March, -17.2% in January / February. Weak day also on Wall Street yesterday. After one of the usual job market surveys by ADP estimated 20.2 million jobs were lost in the United States in April. Instead, the market for technology stocks continues to rise, the Nasdaq, now only one percentage point from the levels at the beginning of the year. The BTP / Bund spread rose 4 points yesterday to 252 basis points. Today it is at 256. The yield of the Italian 10-year BTP is 2.06%, 40 basis points more than a month ago. Tomorrow evening the Italian debt ratings of Moody's and Dbrs. A lot of quarterly data also arrived yesterday. 2.7 billion euro loss for Unicredit; profit of 1.2 billion for Enel, up 10%. Intermediate results from Leonardo, Azimut, Mediobanca, Mps, Banco Bpm, Recordati are expected today. In the meantime, Snam's accounts have been released: the first quarter was closed with a net profit of 298 million euros, an increase of 5.3% compared to the same period last year. Total revenues were 691 million euros (+ 8.1% compared to the first quarter of 2019). In Piazza Affari, best Prysmian, Atlantia and Enel stocks, with increases of around + 2%. Worse performances for Ferrari (-0.8%), Pirelli (-1.1%) and Cnh Industrial (-2.4%). Update 9.20
