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EU stock markets close on a cautious rise. Saipem leads in Piazza Affari, banks do well
European stock markets are aiming for the Easter rally, closing today with cautious optimism. Milano ends trading with an increase of 0.14%, Paris by 0.4%, Frankfurt by 0.7% e Madrid by 0.3%. It should be noted that the Republican candidate’s Trump Media & Technology Group made its debut on Wall Street (Dow Jones at +0.24%), which currently gains 47.5%. European markets are supported by a good dose of optimism for a rate cut in June in both Europe and America. In this regard, the inflation data for France and Italy will be released on Friday, but above all the US PCE deflator. Coming to the individual stocks on Piazza Affari, the absolute protagonist of the day was Saipem which closed at +4.66%, still firmly in command of the main list. The banking sector also performed well with Bper (+2.8%), Popolare Sondrio (+2.67%) and Unicredit (+1.29%). Opposite front for Stellantis which slips to the bottom of the list and closes at -2.12%. The company and the Turin metalworking unions have signed an agreement for the voluntary, incentivized exit of 1,520 workers employed in 21 group companies present in the area, out of a pool of approximately 12 thousand employees in total. Hera also fell, closing at -1.45%. On the currency market, the euro/dollar exchange rate stands at 1.082 (1.083 at the close yesterday), while the euro/yen cross is at 164.03 (from 164.17) and the dollar/yen is at 151.508 (from 151.4) . Oil moved little with May Brent in the area of 86.6 dollars a barrel and the WTI at around 82.06 dollars. Bitcoin continues to rise, reaching 71 thousand dollars, while gas in Amsterdam is down 4.6% to 27.17 euros per megawatt hour.
