European stock exchanges sluggish but a great day for Unicredit which leads the increases in the Ftse Mib in Milan while the flop of the takeover bid deflates Tod's stock. It's latest stock market news 26 october, a day dominated by the good quarterly results of some large banks such as Unicredit, Barclays and Deutsche Bank. However, the euphoria is not enough to compensate for the disappointment in the accounts of US technology giants such as Alphabet and Microsoft.
And so the DAX 40 ago +0,36% in Frankfurt, the CAC 40 -0,08% in Paris and theIBEX 35 -0,38% in Madrid move in fractional decline as well as the ftse100 -0,5% in London. More significant is the decline in FTSE MIB -0,20% in Milan after the exploits of the last two sessions. L'AEX-1,45% of Amsterdam is black mesh in Europe and pays for the presence of many technology stocks in the basket.
Stock market latest news: banks in the spotlight in Europe
the results of some large banks influenced the performance of the stock exchanges in Europe. The quarterly brings unicredit, best blue chip, leading the Ftse Mib with an increase of +3,6% when the index marks -0,23 towards the end of the morning.
Also Barclays (-1,12% in London) released its third quarter accounts showing a 10% improvement in profit to GBP 1,5bn, above analysts' estimates, driven by credit cards and trading.
Deutsche Bank it reports profit before tax of 1,6 billion euros, its third highest quarter since 2006. Profit after tax, more than tripled, to 1,2 billion euros. “In the third quarter and nine months of 2022, we achieved our best profits in more than a decade for both of these periods. This underscores the success of our transformation efforts,” said Christian Sewing, managing director of the institute. Net revenues increased 15% year over year to $6,9 billion with growth across all core businesses. However, the stock recorded a decline of 0,7% in Frankfurt.
The US Big Techs disappoint: technological down in Europe
Sitting down for StMicroelectronics which, with a drop of 2,8%, is behind the Ftse Mib (-0,20%). The semiconductor group's stock suffers the disappointment for the accounts of American Big Tech, starting with Microsoft and Alphabet, and the disappointing guidance on the fourth quarter of Texas Instruments (-5% in the after-hours on Wall Street).
Flop of the Tod's takeover bid, stocks plummeting
Tod's shares dropped 17,6% to 32,6 euros compared to the 40 euros offered by the vehicle owned by the Della Valle family leading to the delisting of the fashion group.
Istat: the energy import bill rises in September
In September 2022, the trade deficit with non-EU countries amounted to 5,44 billion, compared to a surplus of one billion in the same month of 2021. This was announced by Istat. The energy deficit reaches, in absolute value, i 12 billion (was equal to 4 billion) while the surplus in the trade of non-energy products increased from 5 billion in September 2021 to 6,6 billion in September 2022. In nine months, the trade deficit with non-EU countries exceeded 28 billion, negatively conditioned by an energy deficit which, in the same period, touched the 84 billion.
In fractional increase the price of gas on the TTF platform: the November future is at 99,795 euros +0,6%.
Il Petroleum is up slightly: Brent at 93,6 dollars.
spread Btp-Bund stable at 222 points.
