The Milan Stock Exchange (+1.1%) continued strong, in line with the other European stock markets, after the ECB and the prospect of a rate cut from June. Saipem and Amplifon shine on Piazza Affari, the latter with Equita analysts highlighting greater "visibility on 2024 growth" and raising the target price.
The spread between BTPs and Bunds continues at 138 points, with the Italian ten-year yield falling by 11 basis points to 3.75%. Positive session for the banking sector in view of the first quarter results which, according to analysts, promise to be solid. The utilities and energy sector is growing with increases in oil and gas prices. Enel gains 3.2%, A2a (+2.8%), Snam (+2,4%), Eni (+1,8%), Erg (+1.,7%). Tim is positive (+0.6%), dealing with the renewal of the board of directors and the sale of the network.