The European stock exchanges are all negative after the disappointing data on US consumer confidence.
In Milan, the FtseMib index falls by 1,15%, the Paris Stock Exchange loses 0,8%, Frankfurt -0,7%, Madrid -1,3%. Pending the outcome of the Fed meeting, the new heavy drop in oil weighs heavily, dragging sector titles with it.
The debut of in Milan disappoints Poste Italiane which closed down by 0,7% compared to the placement price of 6,75 euro.
European oil companies are also bad. Eni drops by 2,7%. Kazakhstan could impose a fine of up to 2 billion dollars against the joint venture that manages the Karachaganak pipeline project owned by the six-legged dog (29,25%) for breaches of contract. The goal could be to increase the state's share in the project. Eni will publish its third quarter accounts on Thursday: the consensus sees revenues, ebitda and operating profit in sharp decline and debt on the rise.
They also retreat Tenaris -1,5% and Saipem -2,5% awaiting news on the industrial plan.
Down too Total -2,9% and RoyalDutchShell -2,2%.
The quotations of BTPs rose with the 1,43-year yield falling to 1,49% (from XNUMX% yesterday), a new low since last April. The Ctz fell to a negative yield for the first time this morning.
The US stock market is down slightly on the eve of the Federal Reserve's announcement. The Dow Jones, the Nasdaq and the S&P500 all fell by 0,2%. The Conference Board index unexpectedly dropped to 97,6 from 103 the previous month, clearly below the forecasts of economists who averaged 102,9.
Goes down Ford Motor -4,5%. The automotive group closed the quarter with a net profit that grew to 1,90 billion dollars, from 1,10 billion a year earlier. The figure is not positive because analysts' expectations were higher. General Motors lose 1%.
Alibaba salt by 6,5%. Apple Lossless Audio CODEC (ALAC),+0,5% pending the results that will be released this evening.
The dollar was little moved against the euro at 1,104, from 1,105 last night.
Returning to Piazza Affari Enel Green Power runs up 3,4% after parent company Enel -1,8% confirmed that integration with the renewable energy company is being studied, even if the hypothesis considered does not envisage a takeover bid or a share swap. Among the utilities, A2A earns 2,2%.
In sharp decline Luxottica -4,2% after the accounts for the quarter.
Industrial stocks thwarted: Finmeccanica up 1,3%, down StM 0,6%, like
Cnh Industrial -1,3%. It falls Buzzi -2,1%.
Growing Fiat Chrysler +0,9% on the eve of the board meeting on the accounts. Ferrari shares fell below the IPO price of $52 for the first time. Tip takes advantage of it: “We entered the direct placement on Ferrari - announces Gianni Tamburi - and we had a discreet placement on the company for which we have a direct share of the legendary Rossa. We bought both in the IPO phase and immediately afterwards”.
In decline Telecom Italy -1% and Mediaset -0,9%.
Between the banks salt Understanding +1,3%. The bank is preparing to beat the target of 37 billion euro of new disbursements at the end of the year, as anticipated by the CEO Carlo Messina.
Unicredit -0,2% MontePaschi -0,2% Mediobanca + 1,2%.
Of note is the leap forward of Fiera Milano +4,8. New jolt for Astaldi -6,5%.
