European stock markets slightly up in the last September session.
Piazza Affari +0,11% it advances above 22.040 thousand points. Paris and Frankfurt also oscillate around an increase of around 0,2%. Madrid advances by 0,6%. Outside the Eurozone, London fell by 0,07%.
JPMorgan upgrading euro-zone securities to overweight, reversing a long-standing preference for US securities downgraded to "neutral": ECB announces monetary stimulus measures, with no set deadline , according to the institute, will favor the recovery of the euro area.
But in the immediate future the wait for the announcement of the World Trade Organization weighs heavily which should allow the US to hit European imports with billions of dollars of tariffs in the context of the dispute over Airbus subsidies.
Mario Draghi said in an interview with the Financial Times that the central bank still has tools available to support the economy in the absence of the necessary fiscal support.
Cala in Italy the unemployment at 9,5% (-0,3 points%). This is the lowest in almost eight years, since November 2011.
In Germany, retail sales recorded a 3,2% year-on-year growth in August, better than estimates of +2,9%.
Stable the Btp at 0,83% yield pending an agreement on the maneuver which should settle at around 30 billion. Prime Minister Conte was clear: we found the funds, VAT will not increase.
In the business square Nexi -0,1% does not react to the prospect of measures to support electronic payments. The chairman of Sia, a company active in electronic payments, pronounces himself in favor of a listing on the Stock Exchange: the possibility of a Nexi-Sia merger is no longer in sight.
The euro dollar traded this morning at 1,094, little moved, last week it lost 0,7%, reaching the lows of the last two and a half years.
Brent oil futures fell 95 cents, or 1,53%, to $60,96 a barrel. WTI changed hands at $55,8 a barrel, down 0,3%. Last week, the number of active drilling rigs in the United States dropped to 713 from 865 at the beginning of the year.
Saudi Arabia's Crown Prince Mohammed bin Salman warned in an interview broadcast on Sunday that oil prices could rise at "ever high numbers" if the world doesn't unite to block Iran, but he said he would prefer a political solution to military intervention. In Milan Eni -0,5%, Tenaris -0,2%. Saipem +0,14%.
It shines in Piazza Affari Unicredit +0,8%, ready to sell up to 5 billion euro of gross non-performing loans with underlying mortgage loans to do Value. The transaction would take place with the use of the GACS (state guarantee on the senior tranche) and should be concluded by the end of the year.
Also up sharply Banco Bpm +1,7% and Monte Paschi +1,86% pending the sale of a package of real estate assets for 300 million. Banca Ifis +0,2% reportedly received four non-binding offers for the real estate assets.
Bene Prismian +1,3%, which has been awarded a three-year contract for the maintenance of the German-Dutch network operator Tenne T.
Tim +0,1%. The candidacy of Massimo Tononi, current president of Cassa Depositi e Prestiti, for the presidency of the telephone company, takes off.
Moncler -0,5%, spins down. In Hong Kong we have reached the seventeenth weekend of street clashes.
Down too Stm -1,24% and Fiat Chrysler – 0,6%.
