Le European stock exchanges abandon caution and close higher, with Business Square in the lead thanks to the sector rally banking-insuranceThe global scenario is marked by cautious optimism, supported by recent signs of easing between the United States and China in view of the trade talks at the end of the month, byUS-Australia agreement on rare earths and new openings from Ukrainian President Zelensky regarding an end to the conflict. In this context, however, the suspension of the meeting between the US and Russian Foreign Ministers, Rubio and Lavrov, weighs heavily, the outcome of which could influence the long-awaited summit. Trump-Putin in Budapest.
Among the protagonists of the day, the sharp decline of precious metals stands out. After the recent highs, the suffered a wave of profit-taking and slipped more than 5%, but remained at historically high levels, above $4.100 an ounce. The decline extended tosilver, which loses more than 7%, and other metals such as platinum and palladium, penalised by the strengthening of the dollar and the temporary easing of geopolitical tensions.
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- investors remain cautious, however, awaiting Friday's US inflation and the first heavy quarterly results arriving from Wall Street and Europe, where Unicredit will open the season in our country tomorrow.
At Piazza Affari Bper Banca reaches its highest level since October 2007 after signing derivative contracts in view of the integration with Banca Popolare di Sondrio, which is also growing. Unipol is also doing well, while Monte Paschi Siena ends up among the worst. Negotiations between the Ministry of Economy and Finance and the Italian Banking Association (ABI) remain open on the measures to be taken by banks and insurance companies in the next budget. The market is rewarding Stellantis, supported by the announcement of new hires at Mirafiori and expectations of possible regulatory revisions in the electricity sector. Also positive stm, driven by the boom in iPhone sales, while Leonardo benefits from the prospects on thespace alliance with Airbus and Thales (after the previous stalemate) in view of the extraordinary board of directors meeting on October 21st regarding an agreement estimated at 10 billion euros.
The success of the product continues on the primary market new Btp Value which, on the second day of placement, raised requests for 2,97 billion in seven hours, bringing the total to 9,27 billion, approximately three more than the previous edition.
