There is still some uncertainty a half sitting on the European lists that catch their breath after days of rising.
Business Square the Ftse Mib index turned downwards by -0,21% to 24.544 points, after having gained more than 17% in a month. Likewise the Dax is at -0,24%. Instead in positive territory is the CAC40 with a +0,32% and the ftse100 with a +0,11%. EuroIndex is up 0,56%. The Dow Jones futures remains up by 0,43%.
La Tokyo Stock Exchange closed trading slightly higher thanks to encouraging quarterly results and despite data on Japanese GDP, which show a contraction of 0,3% in the third quarter. The Nikkei reference list marks a barely positive change of 0,1% to 27.990,17. On the foreign exchange market it yen it changed little against the dollar, at 140,20, while the euro recovered ground against the Japanese currency slightly above 145.
In China industrial production grew less than expected in October, while retail sales contracted.
Credit Suisse, Switzerland's second largest bank, is still in the spotlight as the recovery plan which provides for a capital increase of 4 billion, the cutting of 9 thousand employees by 2025 and the reorganization of internal divisions. This morning the news of the sale of a large portion of the assets in structured ad products Apollo Global Management to reduce capital absorption and focus on core business. The group will thus reduce assets in that sector from 75 to 20 billion dollars by mid-2023. The stock loses 2% on the Zurich Stock Exchange
Vodafone, listed in London (-6,78%), in first semester at the end of September 30 it achieved revenues of 22,9 billion euros (+2%), an adjusted ebitda down by 2,6% to 7,2 billion and an operating profit up by 12% to 2,9 billion.
Iliad. The telecommunications operator (unchanged on the French stock exchange) increased its consolidated turnover by 12,5% in the third quarter, to 2,15 billion euros, thanks in particular to the acquisition of more than 650 new subscribers in France, Italy and Poland .
The euro strengthens against the dollar by betting on a softer Fed
Euro strengthened on the prospect of a softer rate hike by the Fed, after Vice President Christopher Waller said that in his opinion the monetary tightening must continue but at a slower pace. The greenback thus fell by 1,04%, to its lowest since the beginning of July, and the single currency changed hands at 1,0433 on the dollar also benefiting from the positive data on German investor sentiment.
Criptovalute. The market moved higher, awaiting more details on an industry recovery fund announced by Binance Chief Executive Officer Changpeng Zhao following the meltdown of the exchange platform Ftx. Bitcoin gains 3,2% and is close to 17 thousand dollars.
Gas. Gas prices in Europe up for the second day in a row. At the reference hub TTF, commodity futures were up 11,7% to more than 127 euros per megawatt-hour on falling supplies and forecasts for colder weather.
Eurostat: third quarter GDP +0,2%. Italy beats the average with +0,5%. Positive S&P on Italian companies
Il Third quarter GDP both in the euro area and in the EU it showed a trend of 0,2%, according to flash data from Eurostat, while Italy beats the European average with +0,5%. This was revealed by a flash estimate published by Eurostat, the statistical office of the European Union. The expected growth for Italy is 0,5%.
According to S&P "Italian companies will resist a possible recession in 2023" according to what emerges from a report by S&P Global Ratings "even if the persistence of high energy costs could compromise their competitiveness compared to their European counterparts".
Spread below 200 for the first time since mid-July. The public debt falls. The orders of the BTP Italia are flying
Lo spread between BTPs and Bunds falls below the psychological threshold of 200 pb for the first time since last July. The ten-year yield Italian stands at 4,07% (-8 basis points).
Right from the side of the Italian public debt, Bankitalia this morning showed the overall amount declining to 2.741 billion euros in September, 16,2 billion less compared to the previous month: the public borrowing requirement (13,8 billion) was more than offset by the reduction in Treasury liquidity (31,9 billion, to 48,1 billion).
Il Btp Italy, in its second collection day it saw orders for over 295 million with around 10 thousand contracts. Yesterday it made its debut with a collection of orders for 3,18 billion. The offer will remain open until tomorrow for retail investors. The second phase, dedicated to institutional investors, will take place on Thursday 17 November
In Piazza Affari, Saipem shines, Nexi is in sharp decline
Saipem (+3,58%) was awarded new offshore drilling contracts, three in the Middle East and two in West Africa, for a total value of approximately 800 million dollars. A figure that brings the total since the beginning of the year to around 1,6 billion euros.
Intesa Sanpaolo (-1,12%) announced the conclusion of the sale of ordinary shares di nexi corresponding to approximately 5,1% of the related capital, through an accelerated bookbuilding procedure reserved for qualified Italian and foreign institutional investors. nexi lose more than 10%. Intesa Sanpaolo announced this morning that it has placed a dual tranche bond worth a total of 2 billion dollars on the US market.
Bad too Tim (-1,6%), after a public discussion between government representatives and companies in the telecommunications sector.
