Go ahead, but carefully waiting for the Fed statements, the most awaited and important to understand the direction of the price lists between now and spring. While waiting i US markets they lag behind, cooled by the brilliant job data. Also Europe, after a roaring start, brakes its course. But, for once, in support of Taurus, good news arrives from the rest of the planet Stock Exchange: the China, pending a review of the anti-Covid 19 legislation. Even with gritted teeth, Jair Bolsonero seems to have accepted the electoral defeat. And the Sao Paulo Stock Exchange continue the run.
European futures signal a higher open
• The markets of the Old Continent are oriented towards a positive opening this morning: i futures index Euro Stoxx 50 they report a 0,5% increase, better than Wall Street, flat.
• IERI (Yesterday)at the end of the session Business Square recorded an increase of 0,63% to 22.795 basis points far from the 23 points reached in the morning which had brought the price list to its highest since August XNUMXth.
• Better Paris +0,98% boost from luxury toasting the possible recovery of the Chinese market. Queen of the day London +1,35% driven by Bp, which launched a new £2,5 billion buyback, confirming Big Oil's golden age for profits.
Amazon under $2016 trillion. Meta at its lowest since XNUMX
• The luck of the oilmen it is a source of great anger for the president Joe Biden which yesterday he called "scandalous" the extra profits of the Big Oils which are very careful not to increase production: the price of petrol, with its repercussions on inflation, could cause the defeat of the Democrats in the elections of November 8th.
• Under braking, the US price lists: Dow Jones -9,24%, S&P -0,41%. The Nasdaq -0,88% is once again the worst index. Amazon -5,5% has fallen below a trillion capitalization. Meta (Facebook) has remained at its lowest level since 2016, A (Google) fell to its lowest since February 2021.
Usa, two job offers for every unemployed person
For now, Wall Street is focusing on the words it will pronounce at 20 pm (Italian time). Jerome Powell. Having discounted the 75 point increase in rates, attention is focused on December: the Fed could limit itself to a rise of "only" 50 points, anticipating a possible change of course. But the data on jobs suggest caution: the US economy lacks 10,71 million workers. For every job seeker, there are two offers.
Euro/dollar cross slightly moved at 0,988
Il Treasury Notes at ten years it is on yesterday's levels at 4,05%. Yields on European bond markets fell yesterday. The spread between 10-year BTPs and Bunds for the same duration, it fell by 210 basis points (-5,93%), with rates respectively at +4,26% and +2,16%.
The Pharmas turn on the Chinese stock exchanges
Second day of increases for i Chinese price lists. There are no official indications, but the rumor of an easing of the measures is spreading on social networks anti-Covid. The Hang Seng index of Hong Kong rises by 2%, +5,3% yesterday. The CSI 300 of the price lists Shanghai e Shenzen it advances by 1,8%.
In the Hong Kong price list, the pharmaceutical companies. CanSino Biologics soars 40% after announcing that its Covid19 vaccine has been favored by health authorities in other major cities in China. In Asia Pacific, the Seoul Kospi rises slightly. On equality the Tokyo Nikkei and the Straits Times of Singapore.
Brazil, Bolsonaro stops, the stock market celebrates
The iIndex Bovespa of Sao Paulo closed up 0,8%. President Jair tonight Bolsonaro made some vague declarations on respect for the law and the Constitution, it was not a question of a formal acknowledgment of the challenger's victory Squid, but the head of his cabinet said that the process of handing over power to the new staff had begun.
Il Real it appreciates against the dollar for the fourth consecutive day, on the highs of the last two months.
Wsj: Putin's oil passes from Priolo to Sicily. Oil on the rise, Brent at 95.70.
The opening of the site of Wall Street Journal is dedicated to the Sicilian refinery of Priolo controlled by Lukoil. It is the crossing point, claims the US newspaper, which allows the Russian crude to get around the sanctions Americans for the war in Ukraine and of arrive in the United States, returning sometimes in Europe. A video explains that once transformed in the Priolo refinery, the second largest in Italy and the fifth largest in Europe, Russian oil becomes an "Italian product" and lands in the Exxon plants in Texas or in New Jersey in those of Lukoil , which in the US has 230 gas stations in 11 states (but mostly owned by individual American franchises). Before the sanctions, the Priolo refinery processed crude oil from various countries, now 93% comes from Russia. Lukoil is Russia's second largest oil company.
European gas -6%, on the lows since June. The increase in gas bills could be around +5% in October instead of +70% as expected a month ago. This was said by the president of Nomisma energia, Davide Tabarelli, questioned in view of the communication, next Thursday, of the tariff for families on the protected market by the Energy Authority (Arera).
At Piazza Affari: Tim, Monte Paschi and car data
Spotlight on Tim yesterday in great dust after the appointment of Alessio Butti as undersecretary with responsibility for telecommunications. Butti is a proponent of the takeover bid project on the telephone company by CDP.
stellantis. In anticipation of Thursday's quarterly report, the Ministry of Transport releases data on car registrations for October.
Mount Paschi. The first auction of the 2,6 million unexercised rights at the end of the subscription period for the 2,5 billion capital increase saw the sale of just 196,803 rights. Eyes on second auction scheduled this morning before the official communications on the outcome of the increase are expected between Thursday evening and Friday morning.
Leonardo. The top management of the subsidiary DRS confirmed that the company will be listed on the Nasdaq starting from the end of the month.
Amplifon. Danish company Demant, a company active in the hearing aid sector, has revised its growth forecasts downwards.
eprice. Audit firm EY said it was unable to express an opinion on the 2021 consolidated and annual financial statements because it is unable to obtain sufficient appropriate audit evidence, the firm said in a statement citing EY's report.
