Positive European stock exchanges and Business Square, after an opening in line with the other main markets, at the end of the morning it is more difficult and moves slightly below parity with the spread rising to 238 basis points. At the beginning, the lists were supported by data on Chinese GDP for the third quarter which rose by 7,8% thanks to the increase in domestic and foreign demand, together with the narrow escape from the risk of default. Now the markets are wondering how the shutdown will affect US growth prospects and what the Fed will decide on tapering.
London rises by 0,32%, Frankfurt by 0,16%, Paris by 0,45%. The euro it strengthened against the dollar to 1,37 to its highest level in 8 months, with the Chinese rating agency Dagong which cut its "grade" on US debt to "A-" with a negative outlook, while gold after the jump yesterday it stopped at 1.321 dollars an ounce (-0,14%). In the USA, once the political emergency has passed, we are once again looking at the results of the quarterly season.
In Piazza Affari Autogrill leaps again by 3,6% in the wake of the new concessions in Great Britain, and Wdf also rises by 1,38%.
Telecommunications +2,14% with Exane which raised the target price to 0,85 euro. Yesterday the Senate voted on the threshold of the takeover bid and Marco Fossati, a shareholder with 5%, asked to convene a meeting to renew the board of directors.
Bfor +1,44%, Fiat +1,33%. At the bottom of the Ftse Mib Mps-3,26%, Stm -1,02%, Enel -0,99%, Banco Popolare -0,81%. Terna -1,91%. Prime Minister Letta announced that the government intends to proceed with the privatizations announced, starting with Fincantieri and 4,9% of Terna.
Bad too Ps, which loses more than 4%.
