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Piazza Affari opens positively, Friday 3 May, the Ftse Mib rises by 0.4% at the start thanks to Interpump (+1.1%), Brunello Cucinelli (+1.1%), StM (+0.8%), Ferrari (+0.8%). Intesa Sanpaolo, on the other hand, which published its accounts in the early afternoon, rose by 0.11% to 3.58 euros. However, Iveco (-1.3%) and Terna (-0.6%) fell. The spread is slightly up at 133 points.
8.25 am – Piazza Affari positive expectations on the day of Fitch on Italy and the accounts of Intesa Sanpaolo
Futures on the Eurostoxx 50 are moving slightly positive (+0.2%) at 8.25am on Friday 3 May despite the driving effect of Apple’s good accounts and the mega buyback announced of 110 billion dollars. In Asia, the Hang Seng rose by more than 1.3%, while the Japanese yen began to rise again, on the markets’ suspicion of government intervention, which however it denied.
Today is a rather full day of macro data, from unemployment in Italy and Europe, to that in the USA, up to the update on pay slips. Meanwhile, the Norwegian Central Bank will announce its rate decision.
Intesa Sanpaolo’s accounts for the first quarter are published late in the morning. Here are the Bloomberg consensus expectations for the bank led by CEO Carlo Messina.
The BTP-Bund spread, meanwhile, stands at 131 points, rising slightly pending Fitch’s decision on Italy’s rating which will be published late in the evening.
The macro calendar for Friday 3 May
10.00 Norway, Central Bank: rate decision
10.00 Italy, unemployment
11.00 EU, unemployment
2.30pm USA, non-agricultural payrolls
2.30pm USA, unemployment
2.30pm, USA, Average hourly wage
16.00 USA, ISM services
22.00 ITA, Fitch Rating (BBB stable)
Europe quarterly: Credit Agricole, Intesa SanPaolo, Societe Generale
In Piazza Affari, watch out…
Car registrations in Italy in April amounted to 135,353 units, with a growth of 7.52% on the same month of 2023, according to data released by the Ministry of Transport. The market share of Stellantis is 31.34%, with a drop in group registrations of 1%.
Tim increased the overall nominal value of the bond exchange offer launched as part of the sale of fixed network assets (Netco) to KKR to 5.5 billion euros from 5 billion previously announced.
The telecommunications group and Oracle have started a strategic collaboration with the aim of responding to the growing demand for cloud services from businesses and public administration.
Soul has finalized the acquisition of Kairos Partners Sgr. The acquired company will be consolidated by Anima Holding starting next May. (All rights reserved)
