Le European stock exchanges closed in the red, held back by profit-taking after recent increases. Investors are looking with relief at the end of the shutdown in the United StatesPresident Donald Trump signed the spending package that reopens the government after a 43-day shutdown, the longest in American history, allowing for the resumption of US economic data, which is crucial for the Fed's decisions, even though October inflation data may not be available. Wall Street thus opened lower, with Nasdaq still under pressure due to fears related to the artificial intelligence stocks.
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A Milan The Ftse Mib slows down at the close and returns below 45 thousand points. Weighing on the list is the collapse of Azimuth following the Bank of Italy's request for intervention to correct some operational deficiencies. However, all European markets performed poorly with Frankfurt black shirt.
A business square, attention remains on the quarterly results: Generali is flying thanks to the Non-Life branch, with adjusted net profit at 3,3 billion (+14%) and operating profit at 5,9 billion (+10,1%). Poste Italiane surprises analysts with operating profit growth of 8,5% and a record interim dividend of 0,40 euros per share (+21%). Enel will release its third quarter results after the markets close.
Among other news, Finecobank benefits from the increase in the target price by Berenberg, brought to 25,5 euros from the previous 17. Ps (reports MF) has sent the ECB a draft amendment to its statute, including possible salary increases and the elimination of the limit of three consecutive terms for directors. Unicredit He closes the Banco BPM chapter and specifies that the appeal to the Council of State regarding the government's golden power is a simple fulfillment of the Board of Directors' obligations, with no further implications.
spread BTP-Bund at 72 points, with the yield on the Italian 10-year bond at 3,37%.
On the currency, theeuro rises above $1,16, the returns above $4.200 an ounce and the Petroleum remains stable.
