A two-faced Monday inaugurates the week of financial markets, after the rally of the last eighth: theIn fact, Europe closes on the rise, while Wall Street moves against it. Expectations on central bank policies are guiding moods, although these days the eyes of the world are turned to Bali where a few hours ago the US President Joe Biden met with Chinese leader Xi Jinping, while tomorrow the G20 summit will start, in which the Italian premier Giorgia Meloni will also participate for the first time.
"There will not be a new cold war," the US president promised. However, Xi Jinping warned: "the Taiwan question is at the center of China's fundamental interests, the political basis of relations between China and the United States and the first red line not to be crossed". Choral no to nuclear weapons in Ukraine.
Meanwhile the dollar catches up after recent losses. L'euro resists the assault and changes very slightly, in area 1,033.
Among raw material Crude oil prices fall as OPEC cut its 2022 global oil demand growth forecast for the fifth time since April and trimmed its forecasts for next year, in light of growing economic headwinds such as the high inflation and rising interest rates. Brent loses 93%, 94,52 dollars a barrel.
A picture that seems to find confirmation in the assessments of International Monetary Fund that the global economic outlook is getting bleaker. This is echoed by Morgan Stanley which believes a recession is likely for Britain and eurozone countries next year, while the US could get away with a resilient labor market.
Europe rallying, Wall Street opposed
The European lists remain on the shields, favored by some quarterly and by the data on Eurozone September industrial production much higher than expected (+0,9% on a monthly basis, +4,9% on an annual basis, against expectations of +0,3% and +2,8% respectively).
Milano it appreciated by 0,58%, to 24.596 basis points, after gaining about 5% last week and 18% in the last month. In the bond sector, it is the day of the start of the offer for the new one BTP Italy at six years, while on the secondary the spread between Italian and German ten-year bonds closed with a robust drop to 203 basis points and yields respectively at 4,19% and 2,15%.
In the rest of Europe it stands out London +1,04%, with media stocks rallying thanks to the boom from the UK Informa (+5,9%). Well Madrid + 0,85% Frankfurt + 0,62% Amsterdam + 0,53% Paris + 0,22 %
Wall Street, volatile at startup, travels in random order. The Dow Jones is up 0,18, but the Nasdaq is fractionally down. i go down T-bond prices and yields climbed, in a less optimistic context following Sunday's comments by Federal Reserve Governor Christopher Waller, who tried to cool enthusiasm for the slowdown in inflation in October.
In Europe, ECB Governing Council member Fabio Panetta stressed in Florence that "aggressive tightening is not advisable" for the eurozone.
The oil companies and Leonardo are doing well in Piazza Affari
Piazza Affari closes the seventh consecutive session with an increase. Oil stocks starting with attracted purchases Saipem +4,17 ed Eni +1,37%, despite the drop in crude oil prices.
It's featured stm +3,42%, in the wake of the leap of the competitor Infineon (+7,25%) after the results of the fourth quarter.
Bene Leonardo, +2,91%, which recovers part of the recent losses in an effervescent sector following the acquisition of the Spanish Expal Systems by Rheinmetall.
Utilities are appreciated. A2a it is confirmed in cash with an increase of 2,34%. For Equita, comforting indications from the company "allow us to improve the estimates for 2022".
They bounce Snam +1,41% and Terna +1,7%, in contrast Ivy -1,19%.
Among the banks the best is Understanding +1,2%. Be careful Bpm bank +0,2%, with CEO Giuseppe Castagna excluding mergers in the short term.
Atlantia, +1,06%, closes in the 23 euro area (22,98) which is the price of the takeover bid launched by Edizione and Blackstone and aimed at the delisting. The operation closed on Friday without success, stopping at 87,350% of the share capital, but the reopening of the terms caused the prices to go up again today.
The black jersey goes to Prysmian, -2,35%, penalized according to operators by a Citi report. Sales on Inwit -2,25% Diasorin -2,06% Moncler -2,06% nexi -1,89%.
Outside the main basket, the enthusiasm for the shares of the company dies down Juventus (+0,54%), which this morning had come to gain more than 4%, after the 3-0 victory against Lazio (-1,93%) and the conquest of third place in the standings at the expense of the biancocelesti in the last match before the long break for the World Cup in Qatar.
