Blowout earnings. Solid and steady guidance. And good news on both SNAM and credit ratings.
Report was actually considerably BETTER, not worse, than Shell's yesterday.
Shell got the four percent up day yesterday, because the market was better yesterday, and Shell has a higher Beta. (E actually has virtually NO Beta, although there have been some meager efforts to raise it.)
But Shell had to give up some today.
E may not have to give up any, as we march towards the French elections during trading next week.
I still say Sarkozy has a lot of rabbits he can pull out of his hat - and am frankly surprised he has not done so yet. So this could be an important weekend for Euroland.
Meanwhile, whatever happens politically, cross fingers that E makes a restrained and steady rise up to its (very late this year) ex divi date of May 20th. It usually does, so let us see. STO earnings next week could support.