Negative opening of trading for all European stock exchanges also due to the negative data on Chinese imports and exports and the consequent weak performance of Asian markets. Particularly difficult opening for Business Square than at 9,55 loses 1,2%. Very few positive Ftse-Mib stocks: only Atlantia (+0,29%) and Pirelli (+0,13%) are saved. Numerous stocks show significant losses, including -3% of Cnh Industrial and -2,4% of Saipem. The performance of the FCA share was also negative (-1,9%) which yesterday, however, had closed with an increase of 0,9%.
The other European markets are also bad with Paris losing 1,5%, Madrid 1,2% and Frankfurt registering -1,1%. It defends the London Stock Exchange (-0,7%) thanks also to the powerful rise of the Sabmiller stock which gains almost 9% at 9,55 am after communication of the agreement reached with AbInbev. The deal came after AbInbev raised its per-share offer from £43,50 to £44. The price represents a 50% premium to SABMiller's value on 15 September, the day rumors began to emerge about the operation.
Chiaroscuro day for the Asian markets. The negative data of China's trade balance with Chinese exports which fell by 3,7% in September and for the third consecutive month and with imports which recorded a very heavy deficit of 20,4% in September on an annual basis , however, did not penalize the two Chinese markets with Shanghai registering +0,17% and Shenzhen +1,05%. All the other Asian markets were bad with Tokyo losing 1,11% and Hong Kong losing 0,72%. The drops in Seoul (-0,13%) and Taiwan (-0,07%) were much more contained.
