Stock exchange, Ftse Mib above par, spread in red

The positive start of Wall Street allows European stock exchanges in general, and Piazza Affari in particular, to close the session with a plus sign. Positive indications before the start of trading on the US stock exchanges came from the update relating to the new requests for unemployment benefit, which fell to a minimum since the beginning of the pandemic to 444,000 units. In Piazza Affari, where the Ftse Mib closed at 24,702.11 points (+ 0.88%), Telecom Italia shares ended the session with a -0.21%. The operator closed the first quarter with an “after lease” Ebitda of 1.38 billion euros, just above the 1.37 estimated by analysts, and a turnover which, expected to reach 3.05 billion, stood at 3.75 billion. The company also confirmed the guidance. They took profits after the recent gains for the combination formed by Banco BPM and BPER, down respectively by -2.17 and 0.94%. In the sector, a day of weakness also for Mediobanca and Intesa Sanpaolo (-0.25 and + 0.15%) while UniCredit recorded a + 0.43%. The retracement of crude oil, the future with July delivery drops by almost one percentage point to 66 dollars a barrel, favored the prudence on Tenaris (-0.62%) and Eni (-0.16%). Among the public utility companies, Enel gained 1.36%, Italgas increased by 1.21% and Hera by 1.34%. A positive day also for Diasorin (+ 1.34%), which received from the US Food and Drug Administration the emergency use authorization for the Liaison SARS-CoV-2 TrimericS IgG test, and for STMicroelectronics (+ 1.42%). According to newspaper reports, the chip manufacturer is considering the acquisition of the Norwegian Nordic Semiconductor. From the front of government bonds, sharp contraction for the spread, down 6% to 111 basis points. Pushing the figure down was Christine Lagarde who, during an online forum, reiterated that the ECB had not discussed any downsizing of the purchase program launched to combat the pandemic because it was “premature”. (in collaboration with money.it)