Biden's infrastructure plan today. Construction stocks rise

2021-03-31T07:57:08.415Z

Positive start for Piazza Affari. The Ftse Mib index rose by 0.2% and is about to close a March with an increase of 8%. + 11% balance sheet for the first quarter of the year. In the rest of Europe there is more caution. London -0.30%, -0.05% for the Frankfurt Dax index, which yesterday reached an all-time high. The markets are waiting for the inflation data in Italy and the Eurozone, at 11, and in the afternoon those on employment in the United States, where President Biden's speech on the $ 3 trillion infrastructure plan is also expected. In the meantime, the futures that anticipate the opening of Wall Street are little moved. Yesterday the American markets closed down. While there have been positive data on business and consumer confidence, the stock markets have fallen: the overheating of the economy is in fact driving up the yield on government bonds, which penalizes stocks in particular of technology companies. A weak day for the Asian markets, which closed a month in which they shone less than the European and American ones. The March balance sheet was negative for Shanghai (-1.95%) and Hong Kong (-1.81%), after 5 consecutive months of increases. This on a day in which the SME index, which measures manufacturing growth expectations, in China in March was above expectations. The index stood at 51.9, up from 50.6 in February and above 50, which marks the boundary between contraction and expansion of the economy. Today, in the meantime, the stocks in the construction sector rise in Piazza Affari. Buzzi Unicem + 1.7%, best stock after Exor. Also in evidence Eni, + 1.29%, after the promotion of two investment banks. Greater falls, among the securities of the main basket, for two banks: Mediolanum -0.68% and Banco Bpm -0.84%.