Markets stalled waiting to interpret the outcome of midterm elections. Meanwhile, even before the US data on consumer prices to be released on Thursday, the rate hike has made its first victim: the Bitcoin. The Techs follow closely, already generously financed in the years of "zero rates or a little more". Mark Zuckerberg announced i Meta cuts (-0,26% in the pre-Stock Exchange): 11 employees, 13% of the workforce. “It's only my fault – confessed Zuckerberg – I got the forecasts wrong”. But let's take a closer look at the latest mid-day stock market news.
Stock exchange latest news: still waiting for the midterm elections
- The European stock exchanges oscillate around the values of the eve, around the highs of the last eight weeks. The landslide weighs on Frankfurt Commerzbank -7%: net profit, weighted by the Polish branch, is down by 52%. More music in the Netherlands: Abn Amro +1,7% thanks to more than doubled profits.
- Piazza Affari + 0,36% above 22.700 gains speed after a weak start.
- At the top figure Saipem +6,6% above the 1 euro mark: JPMorgan has restarted coverage of the stock with an Overweight rating. 1,75 euros is the target price. Also worth noting Iveco +3%: the company has raised its guidance for the end of the year.
- Still in red B for Bank -2,3%. The attention for Telecom Italia deflates below 24 cents.
- The Italian card moved little: il BTP 4,38-year trades at Tuesday's levels of XNUMX. The spread with Germany on the same stretch it is around 210 points. On Friday, the Treasury will offer 8,75 billion euros, partly with a new 7-year bond and with the reopening of the BTP Green in April 2035.
The attention of the markets is focused on the outcome of the US vote. THE Wall Street futures signal a pale red start: Dow Jones -0,21%, S&P -0,07%.
Congressional control still hangs in the balance. Triumph in Florida Ron De Santis, the anti-Trump Republican. A positive note for the Democrats is the victory of John Fetterman, in Pennsylvania.
According to Edison Research projections, this morning the republican party it has won four Democratic seats so far, one short of the number needed to win the House. Only 12 of the 53 hardest-fought seats, according to a Reuters analysis by leading non-party forecasters, were filled. Which suggests that the final outcome may not be known for some time. THE Democrats they were listed as winners in 10 of those 12 seats. As for the Senate, it's still a neck-and-neck game, with decisive showdowns in Arizona and Nevada still in play. In Georgia it will be necessary to resort to a new vote.
Euros at 1,004. Cross settling in after three sessions of strong increases.
Bag latest news: Bitcoin shoulder strap, Ethereum and Binance also down
Shoulder the Bitcoin -11% due to the problems of one of its most important platforms. Massive losses even for Ethereum -19% and for Binance which took over the crumbling FTX to avert "a dramatic liquidity crisis". But bitcoin sales don't stop: prices hit new lows this morning. Binance CEO Changpeng Zhao said on Sunday that there were $24 billion of withdrawals on the Ethereum blockchain in 1,4 hours.
