The economy is buoyant and a series of quarterly above expectations leads Piazza Affari at the top of the European lists. The Ftse Mib closes up 1,12%, 22.629 points, with five blue chips and their accounts in great shape: Saipem, +10,82%; Finecobank, +6,06%; fca +5,08%; Luxottica; +4,87%; Italgas +4,18%. The purchases also reward some banks, in particular Ubi +2,95%, Unicredit, +1,93%, Intesa +1,19%.
Positive, in moderation, the other squares: Madrid rebounds by 0,44%; Paris +0,15%; Frankfurt +0,08%; London +0,03%.
Wall Street is off to a gallop. In particular, the Dow Jones is about to close another session at record levels, thanks to the push of American industrial companies. The list is supported by the accounts of some big names, such as Caterpillar and 3M: both the manufacturer of equipment for the construction and mining sector, and the manufacturer of Post-it notes and Scotch adhesive tape, have raised their estimates for the entire fiscal year. General Motors, FCA and McDonald's also performed well after the presentation of their quarterly accounts. Whirlpool, on the other hand, is at a peak, with profits and sales lower than expected and a downward revision of the guidance.
The relationship is not moved euro dollar and the single currency only slightly more in tune; the cross is around 1,176.
Stable oil: Brent at 57,33 dollars a barrel (+0,1%). Gold down, to 1276,105 dollars an ounce -0,57%.
In the bond market, the yield on the 10-year BTP rose to 2,05% and the spread with the Bund widened moderately to 157.70 points (+0,57%).
Returning to the stock, the brightest protagonist of the Stock Exchange session is Saipem which, after the presentation of a better-than-expected quarterly report, recovers some of the much lost ground in the space of a year. Part of the optimism also extends to other oil stocks: Eni +0,87% and Tenaris, +0,62%.
Leap of Fineco, in the wake of the preliminary data which highlighted un strong growth in revenues and margins in the July-September period. Italgas continues the good intonation of the eve, always with accounts above expectations. The performance of the quarter recalls the purchases of Luxottica and Fiat, which is the most traded stock of the day and one of those that continues to earn the most.
Sales penalize Brembo, -4,11%, which discounts Kepler's target price cut from 14,5 to 14 euros, while maintaining the Hold rating. Telecom drops 0,91%, while Minister Carlo Calenda says that there will be a "pro-future" measure in maneuver on the 28-day invoice from the telecommunications companies. Weak Snam -0,52%; Prysmian -0,48%; Enel -0,48%.
Finally, there are great expectations for the return to the Stock Exchange of Mps tomorrow. The stock had been suspended since last December 22nd. For the conversion of the bank's shares into senior bonds, deriving from the conversion of the subordinated bonds, the subscription period will run from 30 October to 17 November.
