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The Stock Exchange rebounds (+2,3%) in the wake of banks, Telecom, Fiat and the growth of confidence

Great rebound of Piazza Affari (+2,1%), the best stock exchange in Europe, after the cyclone stress test: the banks lead the recovery together with Telecom Italia and Fiat – Mps also stabilizes and closes up by 1,5, XNUMX% – Excellent performance by Enel Green Power – Luxury stocks still suffer – Ctz auction does well – Confidence growth also weighs

The Stock Exchange rebounds (+2,3%) in the wake of banks, Telecom, Fiat and the growth of confidence

The fluctuating trend of the markets continues. Yesterday, after Thursday's crash, it was time for a rebound. Milan was thus the most effervescent market with an increase of 2,35% (Ftse Mib index at 19,477) after experiencing the most marked decline on Monday. In Europe, Frankfurt gains 1,8% and Madrid 1,96%, London +0,61%.

The increases in Paris (+0,4%) were less extensive, penalized by the collapse of Sanofi (-10%): the pharmaceutical company released higher-than-expected data for the quarter but warned that in the future, sales of its flagship drug for diabetes care, will be penalized by increased competition. Wall Street climbs pending the decisions of the Fed's monetary committee: the Dow Jones and S&P500 indexes rise by 0,3%, Nasdaq +0,6%.

The spread between the BTP and the Bund closed at 166 points, the 2,54-year rate fell to 2,5% The Treasury placed 0,692 billion Ctz at an increasing rate of XNUMX%. Operators took advantage of the weakness accused by banks to carry out purchase operations also on Ps (+ 1,40%) and Carige (+0,65%) favored by the ban on short selling until November 10th.

Banks are on the rise: Unicredit + 1,13% Understanding + 2,37%. Where's Banca salt by 3%. Mediobanca it rises by 4,67% on the wave of the third quarter accounts. Asset management companies are positive, Azimuth +5%. On the eve of the London bod leapt forward of Fiat Chrysler Automobiles salt by 4,5%.

Even Eni is scheduled today for the board of directors on the quarterly report: the stock is up 2,36% preceded by Enel +3,26%. soaring by Enel Green Power +5,51%. On Wall Street General Motors + 3%. 

StM is up 2,7%, Citigroup raised its recommendation to Neutral from the previous sell this morning. Finmeccanica salt of 0,7%. Prysmian + 2,6%. Telecom Italy is up 3,5%. Mediaset loses 0,5%. Atlantia earns 2,8%. 

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