Flat session for Piazza Affari, which remains close to yesterday's levels, -0,07%, 22.680 points, the highest for the year. The leap of A2a (+3,86%), pharmaceuticals and some banks offset the sales which mainly affect the Agnelli galaxy, luxury and oil. The closure is similar for Frankfurt, better for Paris +0,17%. Madrid -0,32% and London -0,35% fell. Also Wall Street flies low, with the Nasdaq in red, sunk by Alphabet, -2,15%, which is weighed down by Google, which missed its estimates for earnings per share.
Apart from the quarterly results, the focus of investors is above all on the meeting of the stars and stripes central bank, from which a further rate cut of 25 basis points is expected tomorrow, the third of the year, while Donald Trump goes on the attack again. “In Europe and Japan they have negative rates – writes the US president on Twitter – They are paid to borrow money. Shouldn't we follow the example of our competitors? Yes we should. The Fed has no idea! We have boundless potential, limited only by the Federal Reserve. But we are winning anyway!”.
In the meantime, the euro-dollar moved little, in the 1,107 area and the pound also floats on yesterday's levels, although it was rather volatile in the session due to the probability of elections by Christmas. Today the Labor opposition said yes to the polls, with the ok to call the vote through the proposed ordinary legislative revision. Oil curbs sales, Brent -0,03%, 61,53 dollars a barrel. Gold is in trouble, around 1491,65 dollars an ounce.
The session is weak for the Italian secondary. The spread between 10-year BTPs and Bunds of the same duration rises to 134 basis points (+0,92%), the yield on the Italian ten-year bond is slightly better than at the previous close, +0,98%. In the meantime, reassurances about the maneuver are arriving from Brussels: ”We are not considering a rejection of Italy's draft budget,” confirms European Commission Vice-President Valdis Dombrovskis.
In Piazza Affari the blue chip queen of the list is A2a, with Equita recommending the purchase of the shares by betting that the company's EBITDA will show an increase of around 25% in the July-September period. Well Stm, +1,5%.
Amplifon remains on the crest, +1,49%, with Diasorin +1,23%. Campari gains 1,22% after the release of the figures for the first nine months, which closed with a pre-tax profit of 245,1 million (-1,7% compared to a year ago), on total net revenues of 1,303 billion euros (+8,6%). Above all, the group's sales, driven by Aperol, surprised the market. Unicredit stands out among the banks + 1,05%.
Sales penalize Cnh, -1,79%; FCA -1,34%; Exor -1,24%. In oil stocks, Saipem -1,54% and Eni -0,79% are in the red. In fashion Ferragamo -1,22% and Moncler -1,13%. Pirelli limits losses to 0,27% pending accounts. Outside the main basket, the debut is opaque for Newlat Food, whose price remains unchanged at 5,80 euros per share.
