Le European stock exchanges They avoid Black Friday thanks to Donald Trump's reassurances Trump on relations with the China, but they still close in redThe president stressed the need for a "fair agreement" and that "100% tariffs are not sustainable," confirming a meeting with Xi in two weeks. In the background, tensions remain linked to the shutdown government on the seventeenth day and expectations for a meeting in Budapest between President Vladimir Putin and the American presidentToday it will be the turn of the Ukrainian leader Zelensky at the White House.
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Markets continue to fear for the credit quality of medium-sized banks, after yesterday evening Zion's Bancorp e Western Alliance Bancorp announced devaluations or problems on some big ones credits granted to those now in difficulty. This resurfaces doubts about the financial system's stability, sparking risk aversion. Frankfurt loses 1,74%, Paris limits losses (-0,06%) thanks to the exploit of Essilor Luxottica (+ 12,99%), Madrid marks a decrease of 0,31% and London drops by 0,86%.
A Business Square, the Ftse Mib closed at 41.758,11 points (-1,45%), with the banking sector under pressure from the new financial maneuver: Unicredit -2,62% Banca Mediolanum -2,43% Intesa Sanpaolo -2,23% and Mediobanca -1,97%. Among the worst too Leonardo (-5,32%) And Prysmian (-3,36%), while Inwit (+ 0,98%) and Campari (+0,97%) resist, as well as Pirelli (+2,59%) boosted by Continental's rally in Frankfurt.
The BTP/Bund spread rises to 80 basis points, after the 2025 low of 78 points on October 16. The Treasury has set the guaranteed minimum coupons of the new BTP Value 2025-2032: 2,60% for the first three years, 3,10% for the next two, and 4% for the last two. The bond, reserved for retail investors only, will be offered from October 20th to 24th.
On the currency, theeuro It's on the rise. On the currency front, the euro/dollar is stable at 1,1662, while gold and oil are slightly down.
