Mixed Europe, Wall Street increasingly tonic and Piazza Affari on the rise: the week of the markets starts relatively well, in the wake of the gains of the last eighth. Milano closes with an increase of 0,63% to 19.718 basis points, while on the secondary side the yield of the ten-year BTP falls further to levels never seen before, +0,67%. It goes down too spread: with the Bund -2,96, 121 basis points; with Bonos, -4,83%, 67 basis points. Tomorrow the Treasury will return to the primary market making available up to 7,5 billion of the new 3-year Btp to which must be added reopenings on 7 and 30-year maturities. In the rest of Europe Frankfurt salt by 0,65%, roughly the same Paris +0,66%, while it is flat Madrid. London yields 0,23%.
It's fizzy on boot New York Stock Exchange, tracked by Nasdaq, where big tech companies are looking at the risk of new shutdowns due to the pandemic as an opportunity to boost their business. Among the best titles there is Apple Lossless Audio CODEC (ALAC), (+5,3%), in view of the presentation of the first 5G iPhone. The bond market, on the other hand, is closed on Columbus Day; the 0,765-year yield gained seven basis points to 3% last week. The appetite for risk does not give way despite the uncertainty surrounding the expected aid plan, which will hardly arrive before the November 1.800 elections. The speaker of the House, the Democrat Nancy Pelosi, rejected the latest offer from the White House for a plan worth XNUMX trillion dollars and she will now continue negotiations with the Secretary of the Treasury, Steven Mnuchin.
The climate is more disturbed in Europe, also due to the constantly growing and alarming levels of Coronavirus infections in Great Britain and France. British Prime Minister Boris Johnson has announced a lockdown with three levels of severity of restrictions, dividing the territory into medium, high or very high risk zones depending on the number of cases. As for Italy, the new Dpcm he should be fired tonight, but Prime Minister Giuseppe Conte, even in perspective, does not see a new total lockdown, rather closures limited to areas where the curve should rise. Meanwhile, the Covid-19, among thousands of others, also took away his father Francesco Totti today.
On the currency market, the dollar index rose slightly from the lows of the last three weeks on the main counterparts, while the worst daily performance since March is expected for the Chinese currency. L'euro-dollar it is little moved, in area 1,181. Among the raw materialsgold is slightly down to 1921,1 dollars an ounce, while the Petroleum clearly loses ground. The December 2020 Brent contract loses 2,8% negotiating at 41,65 dollars a barrel. A trend that weighs on the stocks of the sector, also in Piazza Affari: Saipem -3,08% Tenaris -1,67% Eni -0,63%.
The sales bring down the banks. Red is brighter for Unicredit -0,97% Bper -2,54% and Bpm bank -0,9%, which started out in line with Mediobanca Securities analysts who improved their recommendation in the light of the bank's possible involvement in upcoming merger operations. The sector was affected by the statements of the president of the ECB supervision Andrea Enria who in an interview with Reuters, spoke of the risk of 1,4 billion bad loans for banks in the event of a second lockdown scenario due to the new spread of infections.
In other sectors bad Leonardo -2,84% and Atlantia -1,74%. Queen of the price list is Interpump, +7,11%. Shop on Prysmian +2,6%; Terna +2,18%; Enel +2,17%. After a rocketing start, he lost his edge in the finale Buzzi, +0,53%, but the Buzzi saving they earn 18,73%. At the origin of the leap was the announcement of the proposal of mandatory conversion with an exchange of 0,67 ordinary shares for each savings security and the distribution of an extraordinary dividend of 0,75 euro per ordinary share subject to the execution of the conversion.
Massive losses for the Roma, -8%, 0,184 euros, while the mandatory takeover bid for 0,1165 euros by the Friedkin group is underway, which took over 86,6% of the Giallorossi club in recent months. The offer will end on October 29th. Among the football clubs, the session was particularly negative also for Lazio, -7,18%.
