The quarterly accounts of large American companies exceed forecasts and help maintain a bullish climate on the markets, while expectations on big tech support the Nasdaq, which gains almost 2%.
The European lists thus find, in the good intonation of the American Stock Exchange, the right support to strengthen in the last few hours and close with a clear profit.
Also Business Square, which was negative in the middle of the day, finally appreciates by 1,4% and largely exceeds the psychological threshold of 22 points (22.289). No jolt came from the political front on the day the premier Giorgia Meloni spoke to the Chamberahead of tonight's confidence vote.
They are even more toned Amsterdam +1,94% and Paris + 1,94% Madrid +1,57%. More shy Frankfurt +0,95%, while London it is flat, held back by a pound in great recovery after the appointment as premier conferred on Rishi Sunak by King Charles III. Weighs on the Ftse 100 also the thud of HSBC (-6,78%), the largest European bank, which presented sharply declining quarterly accounts and disappointing for the market. The banking giant also surprisingly announced the appointment of Georges Elhedery as chief financial officer to replace Ewen Stevenson, who will leave his post at the end of the year and HSBC in April.
Instead, he shines in the sector ubs, +7,73% y Zurich (+1,74%), which exceeded expectations on quarterly earnings, thanks to the increase in net inflows.
Looking to New York, Wall Street, after a mixed start, is in progress with GM or Coke after accounts, but also with Microsoft and Alphabet (Google), which will reveal their performance tonight with markets closed. This week it will be the turn of Apple, Meta and Amazon, for a total of five major technology companies that together make up a fifth of the market capitalization of the S&P 500.
Bond purchases, spreads down, euro up
The session is positive for i government bonds, with the good wind blowing from across the Atlantic, where the idea that the Fed will slow down after the next meeting has begun to gain ground, also in the light of slowing macro data.
I T Bond today they show rising prices and falling yields and the 4-year yield is just over XNUMX%.
In Europe there is great anticipation for the meeting of the ECB which, on Thursday, should proceed with a new rate increase of 75 basis points. News is also expected from Eurotower on how it intends to manage the budget in the coming months, which has reached almost nine trillion euros.
The Italian card archives a positive session. The spread between ten-year BTPs and Bunds with the same duration, it fell by 221 basis points, with rates of +4,37% and +2,16% respectively.
The expectation of a still hawkish ECB supports l'EUR, which is trying to grab parity against the dollar today, changing above 99 cents.
On the energy front, the gas it remains around 100 euros per MWh, even if there is still no agreement on the mechanism that should limit prices with a dynamic 'corridor' to the Dutch TTF. "There are different positions between states," says Czech industry minister Jozef Sikelae. The next meeting of the Energy Council will take place on 24 November, the last stage for taking decisions on the entire community package to reduce gas prices.
Il Petroleum, down earlier in the day, has changed sign. Brent: +1,05%, 94,24 dollars a barrel.
The caution of the banks does not stop Piazza Affari
Piazza Affari appreciates despite the fact that the banks, the main sector of the list, are very cautious.
To mark fractional markdowns are Bper -0,61% and Mediobanca -0,09%, while Understanding salt of 0,47% and Unicredit by 0,1%%. The latter on the day of the board meeting and on the eve of the presentation of the quarterly report. Intesa Sanpaolo analysts expect "management to substantially revise the guidance upwards for 2022 as recently announced by CEO Orcel".
Out of Ftse Mib, Ps it gained 1,7% and closed just under 2 euros, the value of the 2,5 billion capital increase. The rights went towards zero (-87,5%) in the last day they were negotiable.
Most of the major basket is up as of Moncler, +6,3% who will present their accounts tomorrow. In a meeting with the CEO, Remo Ruffini defined the sales trend for October as "excellent". salt Saipem + 6,15%.
The utilities are doing well, with the press hypothesis of a six-month moratorium for defaulting customers financed from public resources. The best are A2a + 5,85% Ivy + 4,49% Terna + 2,98%.
The black jersey goes to nexi -1,59%.
Among the minor titles Tod's closes with a loss of 2,41%, on the last day to take part in the tender offer for 40 euros promoted by the Della Valle family, which until yesterday evening had seen 17,8% of the offer, equal to 4,5 % of the capital, remaining far from the promoters' objective.
Limit the damage Juventus, -0,48%, following the notification of the notice of conclusion of the preliminary investigations to the members of the BoD and to executives with strategic responsibilities, to the members of the board of statutory auditors and to the statutory auditor. The crimes being prosecuted are mainly false corporate communications and false communications aimed at the market, since it is a listed company.
