Piazza Affari turns positive in the afternoon, following the performances, all with the "plus" sign, of the other European lists which, waiting for good news from overseas on the US shutdown (Senate towards agreement, some doubts on the outcome of the confrontation in the Chamber ) want to continue to display confidence.
Above all, the banks took care of dragging the Milan Stock Exchange beyond zero: in mid-afternoon, Ubi, Mediobanca and Bper stand out, with gains between 2 and 3%. Prysmian, on the other hand, sinks (-2,9%) and luxury also struggles with Salvatore Ferragamo and Tod's among the worst in the list, with -1,4 and -1,2% respectively.
The spread is still low but has risen to around 240 basis points compared to 235 this morning, when the minimum spread between Italian and German ten-year government bonds had been reached since last August 19th.
Instead, Wall Street opens negatively. At the corporate level, Citigroup loses 1,23% on the day of the quarterly accounts: earnings are good but significantly lower than expected. Coke slipped 0,2% on the back of a 3% drop in revenue in the third quarter. Johnson & Johnson (+1,58%) instead beat the estimates. After the markets close, it will be up to Yahoo (-1,18%) and Intel (+0,2%) to publish their accounts.
