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US GDP and high tech boost Wall Street, Catalonia punishes Milan and Madrid

Except for the Piazza Affari and the Madrid stock market, all share prices rose in the wake of the US GDP which beats expectations and the stratospheric quarterly reports of the Internet giants: the Nasdaq soars and infects the European stock exchanges – The euro is below 1,16 on the dollar – Banks under pressure on the Milan Stock Exchange, except Mediobanca – Luxury stocks shine

The American economy is at full speed, Europe is well tuned, but the banks, starting from Unicredit -3,37%, trailing in the red Business Square: – 0,62%, 22.665 points. The negative session of a giant like also weighs on the Ftse Mib Eni, -1,01%, penalized by a quarterly lower than expected, Despite the Brent, today, in some moments, exceed the threshold of 60 dollars a barrel. The other European price lists are positive: Paris +0,71%; Frankfurt +0,64%; London + 0,25%.

It deserves a separate discussion Madrid, -1,45%, dragged down by the clash between the central government and Catalonia, which has now come to a showdown, after the declaration of independence voted in the afternoon by the Catalan Parliament and the immediate response of the Spanish Senate, which authorizes Prime Minister Mariano Rajoy to rule the rebel region directly. We don't know where this slope will lead, but the Bonos are sinking and the spread with the German 7,33-year bond jumps by XNUMX%.

The difference also widens between Waist and Italian paper, +2,84%, 155.70 points, but the yield of BTP 10 years it remains at 1,94%, after yesterday's gains in the wake of Mario Draghi's words and the confirmation of a very accommodating ECB monetary policy. Pending S&P's revision of the rating tonight, the European Commission meanwhile notes that Italy's 2018 budget law shows a structural adjustment that falls short of EU demands and Italy's own promised efforts.

The euro it slipped further against the dollar and the exchange rate breached the 1,16 threshold, at 1,157. The US currency strengthens also thanks to third-quarter GDP data, well above expectations (3% against 2,7% expected) and the prospect of the appointment of a more hawkish Fed president than Janet Yellen.

Wall Street opens mixed, but at the moment the three main price lists are positive. The Nasdaq is rallying, thanks to technology stocks, Amazon, Alphabet, Microsoft, Intel all super popular after the quarterly. In the first minutes of trading A, holding of Google, passes the $700 billion market capitalization threshold, becoming the second largest technology group in the S&P 500 behind Apple Lossless Audio CODEC (ALAC), and in front of Microsoft. Meanwhile Jeff Bezos, founder and CEO of Amazon, takes away from Bill Gates the crown of richest man in the world, thanks to his creature, on the shields on the Stock Exchange, for a quarterly that crushes all forecasts. 

Better than expected accounts also for the oil companies Exxon e Chevron. The five main global oil groups, which include, in addition to the two American Total, BP and Royal Dutch Shell, are preparing to close 2017 with the highest profits since 2014, when crude oil was traveling above 110 dollars a barrel.

The prices of Petroleum they are no longer those, but even today they improve. Brent 59,91 dollars a barrel, +1,47%.

The good intonation of black gold is positively reflected in Piazza Affari su Tenaris +1,69%, while it is not enough for Eni e Saipem -0,29%. 

The blue chip of the list with the best performance of the day is Luxottica +2,39%. Well A2a + 2,12%. Mediobanca it earns 1,68%, after that accounts for the quarter and against the trend of the sector. Always rampant the little horse of Ferrari +1,37%, which will release its quarterly report on November 2nd. The sales are especially destroying the banks, Unicredit, Bpm bank -3,29%; Where's Banca -2,98%. Bad too Unipol – 2,27%. Below Leonardo -1,78%. 

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