Bag latest news positive: all European markets are on the rise but in a climate of great instability. Starting off robustly on the wave of the Wall Street rally, the European indices are slowing down in view of the opening of the American market. Futures of the Dow Jones, the Nasdaq Composite and the S&P500 fell by 0,5% from +0,5% in the early morning.
to 12 Business Square it increases by 1,1% over 21 thousand points in line with the Eurostoxx. In positive ground the other squares included London +0.9%. The Financial Times reveals that the UK government could undo up to £24bn in tax cuts. After so many emotions, the European indices seem able to close the week with a plus sign.
Stock exchange latest news: spreads and BTPs under control
It also cools it spread to 240 points. The yield of ten-year BTP trades at 4,626%. Waist German 2,18-year XNUMX%.
In July, the portfolio value of Italian government bonds held by foreign subjects is still reduced, reaching the minimum since December 2018. According to the data of the supplement to the Bank of Italy bulletin, the value in July is equal to 653,784 billion euros from 657,923 billion in June.
Sector titles run in Piazza Affari health: Diasorin +3,8%, Recordati +3,4%. At the top of the index figure A2a with an increase of more than 4%. Between utility Italgas also shines and among the minor stocks Gas Plus +6,4%.
Banks in Milan: Mediobanca promotes Unicredit, Mps Ko
In great evidence Unicredit with an increase of +2% to 11,14 euros. From the beginning of the year -17%. During the month of September, the share accumulated a gain of around +7%, one of the best performances of Piazza Affari and in contrast with the -3,60% recorded by the FTSEMIB. This morning Mediobanca raised its recommendation from Neutral to Outperform, raising the target price from 11,60 to 14,50 euros.
Mps Bank fails to make money on the eve of the launch of the 2,5 billion capital increase. After the collapse of more than 33% on Thursday when the bank announced in the morning the terms of the capital increase of 2,5 billion euros, the stock this morning marks a potential fall of around 16% with an indicative price of 14,3 euros.
Sale Webuild +1,6%. CEO Pietro Salini has invested 1 million euros in bonds issued by the construction group.
US stock exchange: waiting for the banks and for Twitter
Eyes on the afternoon US banks for third quarter results. The first is JP Morgan which recorded declining profits (-17%) but above estimates. Two other big names in Wall Street finance release the quarterly, Morgan Stanley and Citigroup. Twitter is also in the spotlight. Elon Musk is being investigated by the federal authorities for maneuvers related to the social network: the owner of Tesla will have to close the purchase by the 28th to avoid further trouble.
On the macro front:
Cross Euro Dollar to 0,973, -0,5%.
Petroleum Brent and WTI -0,5%, yesterday +2%.
US Natural Gas -0,7% to $6,70, European gas -4% to 146 euros per mWh, on the lows for four months. Germany has communicated that it has reached the storage target two weeks in advance.
