On the wings of (expected) liquidity, the European stock exchanges are rebounding: after the collapses of recent days, these are the words of representatives of the Fed and the ECB, who say they are ready to launch further monetary stimuli, which has triggered the rebound in stock markets: Milan rises by 3,42 .162% the spread cools down to 2,9 points, Paris advances by 1,85%, London rises by 3,12%, Frankfurt by XNUMX%. Buy yourself all the sectors. In Milan, only two stocks closed in negative territory.
Moment of uncertainty on the price lists after the words of the hawk Weidman at the head of the Bundesbank who once again criticized the ABS purchase plan launched by the ECB which, in his opinion, "helps to shift the risks from the banks to the taxpayers". Markets are eyeing Spain's rating decision from Moody's on the agenda after the close.
On the macroeconomic front, we note the 1,5% increase in August in the production sector of the construction sector. In July it had increased by 0,3%. The revision of the Eurozone's GDP with the new calculation methods has not had a great impact on growth. In sixteen years the level of GDP of the Eurozone and of the EU as a whole has increased by 3,4%, but its annual growth rate has remained almost unchanged, with a change of 0,1%.
Mystery in Piazza Affari: the Borsa Italiana website has gone out of use and in its place there is a page of a financial company. Hackers? Now the site is back online. The rebound is also driven by Wall Street which is gaining ground also in the wake of the increase in consumer confidence. The Dow Jones rose 1,85%, the S&P500 1,71%, the Nasdaq 1,66%.
The October index compiled by the University of Michigan rose to 86,4 points, the highest since July 2007 and above expectations. Financials still in the spotlight: Morgan Stanley in the spotlight thanks to soaring second-quarter profits 87% to 1,7 billion thanks to trading. Also purchases on General Electric which increased its third quarter profit by 10% to $3,5 billion. Both results beat analysts' expectations. Google, on the other hand, disappointed expectations: between June and September, profits amounted to 2,8 billion dollars, -5% on the year. Excluding exceptional items, earnings per share were $6,35, up from $5,63 a year prior but below the consensus of $6,53.
In the US, the issue of inequality enters the Fed's agenda: President Janet Yellen said she was very concerned about the growth of economic inequality in the United States. The markets are helped by oil with the WTI returning towards 84 dollars a barrel. The euro-dollar exchange rate returned above 1,28 and then closed down at 1,2752 -0,44%. Gold drops 0,56% to 1.234 dollars a barrelAt Piazza Affari the best stock is Autogrill which jumps by 7,95%. Thanks to the lowering of the spread, the banks raise their heads: among the best there are Bper +7,28%, Banco Popolare +7,22%, Bpm +6,78%.
Among the best also Yoox +7,12%. At the bottom of the Ftse Mib Tenaris falls by 1,58% after the Investor Day in which it confirmed fears on the negative impacts deriving from the retreating price of crude oil. Utilities in general benefit from the incentives for the consolidation of the Stability Law. CNH loses 1,19%. London takes the field on Juventus: the Lindsell Train company increases its shareholding to 5,02%. The Treasury has set the minimum guaranteed yield of the Btp Italia at 1,15%, the minimum rate recorded by this type of issue.
