Reali's session in Business Square, after two days of progress: today's close is down 0,61% at 26.806 points, with sales on financials and oil stocks. There are only six, but significant, positive titles starting from Enel +0,99%. Shy Mediobanca, +0,1%, after the record growth (+31%) of theuseful in third quarter.
Pale red also dominates in the rest of Europe, following sales in Asia and a mixed start on Wall Street.
Frankfurt loses 0,35%; Madrid -0,31%; Paris -0,2%; Amsterdam -0,25%; London -0,31%.
Choices are being guided these days by the numerous quarterly reports which follow one another from one side of the Atlantic to the other, offering buying or profit cues.
In Europe, banks remained in the sights: sales hit Deutsche Bank, Santander, Danske, Barclays, Lloyds and Mediobanca bucking the trend.
In New York, after yesterday's DJ and S&P 500 record, the Nasdaq, led by Microsoft, which has offered robust estimates for the coming months. Record earnings help Alphabet (Google), while Twitter is negative. The accounts support Coca Cola, Boeing, McDonald's, Harley-Davidson. Conversely, Robinhood collapses, which disappoints due to a reduction in cryptocurrency trading levels. Meanwhile, in the political sphere, discussions continue on the tax on the super rich proposed by Democratic Senator Ron Wyden. If the law is passed, US billionaires would have to pay taxes on unrealized gains on their assets.
On the currency market, the attitude is wait-and-see, in view of the meetings of the central banks (Canada, Fed) starting with the ECB, which will meet tomorrow and which, according to some observers, will have to weigh the inflation risk, in a context in which inflation remains high price tensions. Expectations in the euro zone hit a seven-year high, exceeding the ECB target by 2% on the back of rising energy costs and the supply crisis.
The index ofeuro is practically unchanged, as is that of the dollar. The exchange rate between the two currencies is just below 1,16, on the previous day's levels.
Calm is flat on gold as well, as the Petroleum, from the peaks reached in recent days. Brent futures drop 1,85% and trade at around 84,8 dollars a barrel.
Thus, the shares of the sector also closed in the red on Piazza Affari starting with Tenaris -1,54% and Saipem -1,4%.
Among the blue chips Nexi suffers a bad blow -6,64%, in the wake of the decline of Wordline in Paris, after results in the quarter below the expectations of the French payment group.
The banks are bad: Bper -2,44%; Fineco -2,52%; Banco Bpm -1,77%; understanding -1,15%; Unicredit -0,64%.
The increases on the main list are limited to six stocks. The best is Enel, Followed by Interpump + 0,96% Terna + 0,49% Recordati + 0,46% Mediobanca + 0,1% stm +0,01%. Italgas dropped 0,49%, after a third quarter in line with forecasts.
Campari recovery fails, -0,85%. Rbc and Barclays raised their target price, bringing it respectively to 10 euro (from 8,90) and 12,9 euro (from 12,5).
Outside the main basket, Technogym slipped by 4,67%, with the first nine months' accounts slightly disappointing. THE revenues grew by 21%, reaching 424,8 million euros (with a 15,1% increase in the business-to-business channel, to 292 million, and a 35,9% leap in the b2c channel to 132,7 million of Euro). Equita estimated at 435 million and Mediobanca Securities at 432,1 million.
In the bond, it rises moderately spread between 10-year BTPs and Bunds of the same duration at 106 basis points (+1,19%), with yields of +0,88% and -0,18% respectively.
However, yields on primary bonds are down: this morning the Treasury placed all the 6 billion euro of six-month BOTs (first tranche maturing in April 2022) offered at auction and the rate fell to -0,55% from -0,545% of September placement. Demand exceeded 7,6 billion.
