(Tiper Stock Exchange) – Negative session for the Milanese price list, against the trend compared to the rest of the European Stock Exchanges, which instead trade on parity. Meanwhile on the American square theS&P-500 it moves just above parity of 0.46%.
Weighing on investor sentiment is inflation which remains high, fueling fears that the ECB will decide to continue with an aggressive policy on raising interest rates. Notably, French year-on-year inflation rose to 5.9% in April from 5.7% in March, while consumer prices in Spain rose 4.1% year-on-year in April, after 3 .3% in March.
Still on the macroeconomic front, the German economy stagnated in the first quarter, while the Italian economy returned to growth in the same period (GDP, corrected for calendar effects, recorded an economic upturn of 0.5% and a trend increase of 1.8%). Instead, the GDP of Euroland in the first quarter of 2023 rose less than expected.
On the currency market, theEuro / US Dollar, which trades on the previous day’s values of 1.104. No significant change for thegold, which trades on the previous day’s values at 1,991 dollars an ounce. Euphoric session for crude oil, with oil (Light Sweet Crude Oil) showing a jump of 2.08%.
The Spreads takes a small step downwards, with a drop of 1.60% to +185 basis points, while the yield on the 10-year BTP stands at 4.17%.
In the European stock market scenario money up Frankfurtwhich recorded an increase of 0.77%, a modest performance for London, which shows a moderate rise of 0.50%; without momentum Paris, which trades with +0.1%. Weak session for the Milanese price list, which trades with a drop of 0.31% on FTSEMIB; on the same line, it ranks below parity the FTSE Italia All-Sharewhich recedes to 29,248 points.
At the top of the ranking of the most important titles of Milan, we find Saipem (+2.93%), Tenaris (+2.84%), Prysmian (+2.43%) and Pirelli (+2.35%).
The worst performances, however, are recorded on MPS Bankwhich gets -4.22%.
At a loss BPM deskwhich drops by 4.16%.
Heavy BPERwhich marks a drop of -4.03 percentage points.
He suffers Unicreditwhich shows a loss of 3.75%.
At the top among Italian stocks a mid-cap, Alerion Clean Power (+4.29%), Dry (+3.61%), De’Longhi (+3.54%) and Mortgages online (+2.72%).
The strongest declines, however, occur on MFE Awhich continues the session with -4.03%.
Prey of sellers Luvewith a decrease of 3.18%.
They focus their sales on Banca Popolare di Sondriowhich suffers a drop of 2.97%.
Sales on believewhich records a drop of 2.93%.
Among macroeconomic appointments which will have the greatest influence on the performance of the markets:
Friday 04/28/2023
01:30 Japan: Unemployment rate (expected 2.5%; previous 2.6%)
01:50 Japan: Industrial Production, Monthly (exp. 0.5%; previous 4.6%)
01:50 Japan: Retail sales, annual (exp. 5.8%; previous 7.3%)
07:30 France: GDP, quarterly (exp. 0.2%; prev. 0%)
08:45 France: Consumption prices, monthly (expected 0.4%; previous 0.9%).