Bags with bated breath awaiting the US election result, but the European lists seem optimistic and, after a day at the window, gnaw a few decimals above parity: Milan closes at +0,48%, London +0,53%, Paris +0,35%, Frankfurt +0,24 %, Madrid +0,20%. The same caution dominates Wall Street, with the Dow Jones, S&P 500 and Nasdaq starting in the red and then veering into moderately positive territory. However, the thud of the Hertz share (-34,19%) should be noted, for lower-than-expected quarterly results and cut profit estimates for 2016.
After yesterday's drunkenness, the markets appear more cautious, waiting to know what will happen to the world, who will be Barack Obama's successor? Hillary Clinton, interpreter of continuity, or Donald Trump, mad horse? The former is always ahead in the polls, but the share of undecided is too much to be sure of the result.
The Mps star shines in the sky over Piazza Affari, +5,88%, after press rumors about the interest of the Qatar Investment Authority (Qia) fund as anchor investor and the words of Minister Pier Carlo Padoan "absolutely confident in the recapitalization plan".
However, the queen of the Ftse Mib is Azimut Holding (+7,3%), in view of the extraordinary coupon which will be detached on 21 November and the transformation of the company into an asset management company.
Outside the main list, Mondadori Editore achieved an increase of 5,90%, thanks to good quarterly accounts.
Among the blue chips, Banca Mediolanum stands out (+2,04%); Brembo +2,8%, following yesterday's results; Bfor +1,88%; Moncler +1,5%; Leonardo – Finmeccanica +1,22%; Generals +1,5%; Luxottica, +1,73%, Telecom Italia +1,20%.
Day of sales for Bpm (-2,85%) and Banco Popular (-2,69%), but also for Unicredit (-0,60%%). Negative rebound for FCA (-0,6%); Saipem -1,49%, Italgas -3,38%. Campari -0,94%, after presentation of the accounts for the quarter, with the acquisition of Grand Marnier weighing on pre-tax profit.
Among the quarterly to report: Banca Generali, which closes the third quarter with a profit up 97% to 51,3 million, management fees up 6% to €362,3m and total assets raised up 15% to €45,3bn, hitting a new all-time high.
The spread narrowed (-1,92%), but in October Italy's Target2 debt rose by one and a half billion, however enough to record a new record for the country's liabilities on the Eurosystem payment system.
On the currency front: the euro barely moved against the dollar, while the Mexican peso, at the time of writing, is gaining a few decimal places, as a sign of good luck for Clinton. But the Swiss National Bank warns: it is "ready to intervene in the event of turmoil related to the outcome of the US elections", as happened with Brexit. In these days of uncertainty, the Swiss franc has strengthened again and could risk putting exports under stress.
