Despite the plunge in oil and the weakness of oil stocks, Piazza Affari starts off on the right foot and closes the first session of the month of November up by 0,71%, 19.185 points. Telecommunications shine: Mediaset +4,36%; Telecommunications +2,85%. Bonds barely improve on a day with thin volumes due to All Saints' Day: the 3,39-year yield falls to 299.00% and the spread with the Bund narrows to 1,19 basis points (-1,139%). The greater propensity for risk favors the single currency and the exchange rate against the dollar returns to the 1,13 area, after having touched a two-month low of XNUMX in recent sessions.
The other continental price lists stop in no particular order: the Ibex 35 of Madrid +0,72% and the Dax of Frankfurt +0,19% are positive; the Cac 40 in Paris drops -0,15%. London's FTSE 100 index drops 0,19%, with the pound in good shape, on the day in which the BoE leaves the cost of money unchanged, after the increase in August and warns of "a messy Brexit and no deal". Still on the subject of Brexit, the news from the Times of an agreement on financial services to maintain British access to the European market after the divorce is not confirmed at the moment.
Wall Street is traveling boldly for the third day in a row, after the losses in October, supported by the hope of a meeting point between the US and China on tariffs. Donald Trump in a tweet spoke of a "very good interview" with Chinese President Xi Jinping on trade and North Korea. The two will meet at the next G20.
On the Dow Jones gallops DuPont, thanks to the quarterly accounts beyond expectations and the announcement of a buyback by the company of shares for three billion dollars. The Nasdaq rose more than a percentage point, driven by the performance of NXP Semiconductor which exceeded analysts' forecasts. Cautious Apple pending bills.
Gold is appreciating, with one dollar declining and exceeding 1233 dollars an ounce. It is oil that is putting investors on the run today: US crude is currently down 3,03% e slips to 64,05 dollars a barrel. Brent also fell sharply in London, -3,04% to 72,76 dollars a barrel. According to Radiocor "the market seems convinced that Saudi Arabia - the de facto leader of OPEC - is willing to increase production to compensate for the lack of exports of Iranian crude oil, which from 4 November will be punished by US sanctions".
Strong sales on black gold penalize the oil stocks of Piazza Affari, fresh from yesterday's gains: Saipem, -3,41%, is the worst blue chip, followed by Eni -1,78%. Against the trend, Tenaris, +1,64%, which celebrates a third quarter with sales, margins and profit clearly growing. Minus sign for Leonardo -0,71%; Pirelli -0,74%; Atlantia -0,45%.
Purchases reward telecommunications, also in the wake of the results of the English telephone company BT (+8,61% in London). Mediaset is today's best big cap. Well Telecom. Money on Prysmian, +3,47%; Stm +3,25%; Post +3,18%. The banks are positive.
Still sore points instead for Gima Tt, -11,33%. On the Star segment, the stock has lost more than 50% in six months. To penalize the shares are the fears related to a slowdown in the diffusion of the latest generation of cigarettes, the business in which the Emilian company born from an offshoot of the Ima group operates.
