Positive start to the week for European stock markets, which recover after the sales of last eighth thanks to purchases of cyclical stocks, especially oil, banks and utilities. Also Wall Street tries to rebound, but at the moment it moves in a contested way, with the Nasdaq down. Instead, the Dow Jones is pressing on the accelerator, which marks a progress of close to 0,8%.
Today, in the absence of significant macroeconomic data, the mood of the markets is influenced by the decline in the contagion curve in the USA, which bodes well for an easing of the grip of the Delta variant and, in the euro area, the recent forecasts economic policies of the ECB and its cautious stance in the slowdown of pandemic purchases,
In Europe Madrid it is the most tonic and is appreciated by 1,36%; make fractional progress Frankfurt +0,57%; Paris +0,2%; Amsterdam +0,38%; London + 0,56%.
Business Square it closed with an increase of 0,93%, which brings it back to within a whisker of 26 points. Off the main list flies Safilo Group, +8,14%, thanks to the touch of Chiara Ferragni, who seems to have the magic wand when it comes to listed companies. The purchases were triggered by the announcement of a new multi-year agreement for the design, production and distribution of the first licensed eyewear collection under the Chiara Ferragni brand. The blogger has already had a similar effect on Tod’s (-6,62%), when she entered the board. “The market has become accustomed to the fact that every deal involving Ferragni is a positive issue and people rush to buy,” claims a broker.
Flat instead Mediaset, now ready to become Dutch: "Mediaset NV will be born over the weekend - writes Radiocor - the new parent company under Dutch law based in Amsterdam which will have to be the pivot of the pan-European project of the Biscione".
The Ftse Mib ranking is led by oil-related stocks such as Saipem + 3,92% Tenaris + 3,45% Eni +2,49%. Asset management is confirmed, with General Bankingi +2,67% e Banca Mediolanum +2,44%. Among the banks it stands out Understanding, +2,02%, which has convened the shareholders' meeting for 14 October to examine the proposal for the 'distribution of part of the extraordinary reserve based on the 2020 results', in addition to the 'affixing of a suspension restriction' tax on part of the share premium reserve, following the fiscal realignment of certain intangible assets'. Intesa had announced its intention to distribute reserves in such a way as to respect, together with the 694 million already paid in May, the payout target of 75% of adjusted net profit. In detail, the board proposes the cash distribution of approximately 1,9 billion, equal to 0,0996 euro per share.
A follow Bpm bank + 1,59%.
It stands out among industrial stocks Pirelli +2,58%, on which Equita analysts are positive and have issued a 'Buy' recommendation with a price target of 6,2 euros, also in light of the trend in the tire sector.
In the top ten of the most capitalized stocks, they also find space today Telecom +1,7% ed Enel + 1,68%.
Bene Generali +1,26% and Mediobanca, +0,75%, at the center of the financial news these days since Leonardo Del Vecchio and Francesco Gaetano Caltagirone have signed an agreement in view of the renewal of the Leone board, which commits the two investors to consult before the vote. The Equita broker writes in the daily that "the speculative framework for Generali and Mediobanca shares remains quite lively, but it will depend on what type of governance scenario will materialize".
The markdowns are heavy for Amplifon, -4,19%, after the publication of the strategic guidelines for 2021-2023 and for 2022 and 2023.
He goes on a diet Diasorin, -4,61%, after recent gains. Losses for Moncler -0,98% and Ferrari -0,86%.
The final is green for bonds, with the 0,68-year BTP rate falling to +XNUMX% and the spread with the Bund down by 102 basis points (-1,54%).
THEeuro trades against the dollar around 1,18, after falling below this threshold.
Travel up the Petroleum, after reading the monthly OPEC bulletin according to which demand will exceed pre-Covid levels next year. The Organization of Producing Countries projects demand of just under one million barrels per day at 2022 million barrels in 100,8, higher than the 2019 level of 100,3 million barrels. The November 2021 Brent future trades at around 73,50 dollars a barrel, up fractionally.
The spotlight remains onaluminum due to production limits in China and the coup in Guinea, one of the world's largest producers of bauxite. Prices on the LME, the London metal market, reached 3.000 dollars a ton, a new high since 2008, to then close at 2.950 dollars, up by 53,5 dollars. What triggered the new flame, explains Anna Stablum, an analyst at Marex Spectron, was in particular the increase in coal, an important source of energy for Chinese foundries. 'The shortage of coal in China risks worsening in the fourth quarter with the arrival of winter and the need to heat the population and this could push prices even higher', indicates the analyst.
