Brilliant session for European stock markets, which closed up but below the highs for the day, after the slowdown on Wall Street. The US stocks opened well tuned, but are currently holding back with the Nasdaq dragged down by Amazon, down by more than 4%. It goes red there too Sao Paulo Stock Exchange, rocket game, in the aftermath of victory of right-wing candidate Jair Messias Bolsonaro to the presidency of Brazil.
Bene Frankfurt +1,20%, little sensitive to the disappointing result of the Cdu in the elections in Hesse. Angela Merkel's decision to retire from politics in 2021 and not to run for party presidency weighs instead on theeuro, which remains weak against the dollar below 1,14. They go up London +1,25%; Madrid +1%; Paris + 0,44%.
Business Square marks the best continental performance and revises the 19 points: +1,91%, 19.039. Queen of the price list is stm, +5,62%, which recovers part of the losses of the last eighth period after the promotion of Ubs from sell to neutral.
The banks toast to Standard & Poor's decision to keep Italy's rating at BBB, while revising the outlook negatively. For the same reason, government bonds also stopped rallying. The spread between the Italian and German ten-year bond it drops to 297.60 basis points (288 the minimum for the session) and the yield to 3,35%. Medium-long auctions will take place tomorrow in which the Treasury will offer investors up to 5,5 billion euros in 5 and 10-year BTPs and Ccteu. In the meantime, all six billion euros of six-monthly BOTs have been placed today, with the rate decreasing. The average yield fell to 0,159% from 0,206% of the placement at the end of September. Demand was substantially stable, reaching 9,618 billion euros against the 9,857 billion euros of last month's auction, with a coverage ratio of 1,6 against the previous 1,64.
Going back to Piazza Affari: among the banks, they are the best Bpm bank +5,01%; Bper +4,41%; Unicredit +4,32%. Outside the main basket they shine Ps, +7,62% and Banca Carige +6,52%. It should be recalled that the Sienese bank's stock was readmitted to the Stock Exchange on 25 October last year at 4,1 euros per share and is now worth 1,525. According to Corriere della Sera, in these 12 months the Italian State has lost about 3,6 billion euros with this operation, as a result of the capital loss of the current capitalisation. The Treasury owns 68,247% of the capital. Sharply up Telecom +4,36% and Mediaset + 3,95%.
The auto sector is doing well on all world stock exchanges, following Bloomberg's indiscretion that China is considering a cut in auto taxes, to revitalize the sector, damaged by the trade war. In Milan the news supports Brembo +3,13%; fca +1,72%; Pirelli +1,63%. Great performance for Cnh +3,49%. Flat Ferrari, + 0,05%.
Atlantia earn 0,91% after that the closing for Abertis.
On the sales front, the black jersey goes to Leonardo, -1,85%, due to the tragedy that took place in England on Saturday, when a helicopter built by the Italian group crashed to the ground near the Leicester City FC stadium, killing five passengers including the president of the club, Vichai Srivaddhanaprabh .
Weak Moncler -1,42%; Luxottica -0,58%.
Among the raw materials, the Petroleum, like Brent at $77,63 a barrel. Gold a fractional decrease in the area of 1226 dollars an ounce.
