A sudden collapse. The one that “aired” on the Netflix stock market on Wednesday, April 20, was a drama. The streaming giant posted a loss of 200,000 subscribers in three months, compared to estimates that predicted an increase of 2.5 million users. first time since 2011 that Netflix has lost subscribers: a setback that has not escaped international markets, with the stock market that on Wall Street plummeted 30%.
In Milan, fueled by bankers and some industrial stocks, the Ftse-Mib (+1.03%) closed a session higher, although in Europe the German Dax 30 and the French Cac 40 did better. The record among blue-chips went to Banco Bpm (+4.46 %). which promptly recovered the coupon effect and collected the “purchase” of Equita and the “outperform” judgment of Mediobanca. Results from Bper (+3.52%), Pirelli (+3.28%), StMicro (+3.24%) and Hera (+3.21%) were also excellent. On the negative side, the pharmaceutical companies DiaSorin (-1.53%) and Amplifon (-1.52%) stand out, while the fall of Tim continued (-1.21%). Finally, Terna (-0.64%) fell back after the march the day before.
European stock markets
In Europe Danone is doing well, posting +5.73% in Paris, thanks to good quarterly revenues (+7.1% like-for-like to €6.2bn) and confirmation of growth targets for 2022. Heineken too is doing well (+5.1% in Amsterdam) after doubling first quarter profits to 417 million euros. In Frankfurt, Henkel Vz rebounded to +2.29%, which announced the suspension of its activities in Russia, and purchases in technology and sportswear groups Puma -0.55% and Adidas +4.11%. In London, the mining sector slowed down due to signs from Rio Tinto (-4.7%) that pointed to the risks derived from high inflation, the new restrictions in China due to Covid and the evolution of the Russian-Ukrainian war. Good morning in Zurich for Richemont and Swatch, in Madrid shopping in the banking sector. There is also great expectation for the televised duel between Macron and Le Pen, decisive for the French presidential elections. Meanwhile, the spread between BTPs and German Bunds closed at 165 points from 161 the day before, albeit with a slight drop in the ten-year Italian yield from 2.53 to 2.52 percent.