European stock exchanges contrasting in the last session of the week, while investors monitor the various hot fronts. In particular, on the one hand, they are looking at the French political crisis, with President Macron expected to reveal it this evening the name of the new prime minister, on the other hand attempts at détente in the Middle East, after the Israeli government ratified theceasefire agreement with Hamas.
The effects of the shutdown in the US which has reached its second week and is delaying the release of crucial economic data, including the September jobs report. Also awaiting the verdict of S&P on Italy's rating arriving in the evening.
READ MORE Europe is waiting for France di G. Bruschi
In this context, a positive start for the Ftse Mib of Milan which then reversed course. All indicators were negative, except for Madrid.
On the stock market, sector recovering with Stellantis which is riding high on the main Milan stock exchange after announcing that global consolidated deliveries in the third quarter were estimated at 1,3 million units, up 13% from the previous year. Evidence of recovery is also being seen for the actions Classic Ferrari for sale after Thursday's crash following the release of the 2030 Plan. The banking sector is overall positive, with Fineco leading the increases, also rises Unicredit with the EU Commission ready to ask for the withdrawal of the Golden Power on Bpm bank. Also shop on Italgas after the sale of 247 meters as part of the 2i Rete Gas deal.
At the end of the Ftse Mib they travel Leonardo e Tenaris, penalized by the downgrade by BNP Paribas analysts and the cut in the price target. However, all the shares are still weak. oil stocks, with Saipem e Eni downhill and with the crude oil price that retreats.
On the currency market, little movement exchange euro Dollar. It cools down which falls below 4 thousand dollars an ounce (reached a few days ago).
