Week ending in red for Business Square, -0,88%, 19.258 points, grappling with a rain of sinking quarterly reports Leonardo -8,79% and Telecom -4,83%. Out of the main list it collapses Fincantieri -15,69%.
Meanwhile, the tug of war with Brussels on the financial maneuver continues and the decline in bond stocks stops: lo spread it is approaching 300 points (298.70) +1,39% and the yield on the Italian 3,4-year bond is at XNUMX%.
The other European stock markets were subdued, after the negative closure of the Asian stock exchanges, weighed down by the not very encouraging economic signals from China (slowdown in the growth of producer prices and decline in car sales). Frankfurt is flat +0,02%, Paris loses 0,48%; Madrid -0,46%; London -0,51%. Wall Street is traveling downwards, in the aftermath of the Fed meeting which kept interest rates unchanged while preparing investors for a new squeeze in December. Confirmation of the restrictive stance supports the dollar: the exchange rate with the euro moves in the 1,134 area. Sales hit commodities. The Petroleum, like Brent, is at 70,13 dollars a barrel (-0,74). The WTI is down for the tenth session in a row: 61,24 dollars a barrel, -1,21%. Gold suffers from the exuberance of the dollar and falls to the area of 1208 dollars an ounce.
In Milan the accounts sink Leonardo. The same happens to Telecom, while the clash between the main shareholder Vivendi and the Elliott fund (which represents the majority of directors) is rekindled, after yesterday the board of directors decided to write down the goodwill by 2 billion.
The decline in crude oil is driving oil prices to the bottom, ahead of the OPEC summit to be held over the weekend in Abu Dhabi. The worst is Saipem -5,25%. Bad car: Ferrari -2,89%.
Moncler, -3,72% aligns with the weakness of luxury at continental level, after results below estimates obtained in the first half of the Swiss watchmaking giant Richemont (-6,37% in Zurich), following the slowdown in Chinese demand of top goods.
Ferragamo however, he closes a session against the trend and is the pink jersey among the blue chips, +2,3%, with analysts who see signs of recovery for the group.
The purchases also reward utilities, in particular A2a + 2,01% Italgas +1,89% and Terna +1,98%. Well Campari + 1,64%. Atlantia, + 1,34% after the accounts for the first nine months.
Out of the main list, the debutto is sparkling for Garofalo Health + 8,68%.
