The state of alarm that paralyzes Brussels has been joined by the geopolitical tensions following theTurkey shoots down a Russian jet. Moscow has denied trespassing into Ankara's airspace, but the episode is enough to confirm the state of turmoil of the markets, which are unable to benefit from the positive data of the German confidence index, the Ifo, which rose to 109 points ( beyond expectations).
Il Ftse Eb the red rose at the end of the morning and dropped by 1,5%. Paris -1,71% with sales also hitting Zodiac Aerospace after accounts. London -0,93% and Frankfurt -1,11%. In Germany, the seasonally adjusted data on GDP was also published, up by 0,3% quarterly in the third quarter and by 1,7% yoy, in line with estimates.
In Italy today Istat has released the trade balance with non-EU countries, which amounted to 3,529 billion in October and 10 billion in 24,442 months. Imports recorded a decline of 0,2% on the month and 2,4% on the year. Exports reported a drop of 1,7% on month and 4,5% on year, but in 10 months the increase is 3,7%. The Btp Bund spread is down to 99 points.
Tokyo it closed slightly up at +0,23% with the Nikkei approaching the 20 mark. Contrasted Chinese squares: Shanghai +0,16% and Hong Kong -0,35%.
Now the market is looking at the macro data on the overseas agenda, waiting for Thanksgiving (Thursday) and Black Friday, the traditional appointment with the start of Christmas shopping. In the afternoon, the second estimate of US GDP for the third quarter, the preliminary data on the trade balance of goods for October, the S&P-C/Shiller index on house prices for September and the index on consumer confidence of the Conference Board will be published of November.
In Piazza Affari, sales hit luxury, in line with the sector in Europe. Worst title of the Ftse Mib is Salvatore Ferragamo (-3,75%), followed by Luxottica (-2,6%) And Tod’s (-2,52%). Sales also highlighted up Anima (-3,3%) And Prysmian (-2,75%). Finmeccanica -1,79% in the wake of Zodiac Aerospace.
On the Ftse Mib no stock is able to resist in positive territory. Down the banking sector: Ps - 2,23%, bpm -1,94% Banco Popolare -0,59% Understanding -1,46% Unicredit -1,64% and Ubi -1,76%. Outside the Ftse Mib, against the tide among financials, Banca Ifis goes up by 0,96% after Mediobanca today started hedging with an "outperform" and a price target of 28,10. Red shrimp tries to raise its head after yesterday's negative debut and rises by 1,27%.
