With a twist of the tail the price lists Europeans they close the last one sitting of the week in good rise, even if the overall balance of the eighth remains negative. The purchases in today's session were animated by some quarterly and the Wall Street rally, in the wake of a jobs report that was significantly below expectations. However, volatility remains on the market in an increasingly tense geopolitical context and with the US presidential elections just around the corner.
Square Business gains 1,15% and rises to 34.676 basis points thanks to the banks, all in great shape after the promotion of the big ones, Unicredit (+ 3,55%) and Understanding (+2,45%) by Fitch. The sector is also supported by the performance of Company Generate (+3,56%) in Paris, following the brilliant quarterly presented yesterday. So the Cac 40 appreciates by 0,8% and I am in the zone Frankfurt + 1,05% London + 0,83% Amsterdam + 1,08% Madrid + 1,39%.
US jobs grow less than expected, hopes for a dovish Fed
The day was especially livened up by the October Nonfarm Employment Report negli States UnitedI places create were much less than estimated (12 thousand against one hundred thousand) due to the stoppage for the hurricanes and for some strikes. news è bad for the star-spangled economy and for the Democratic presidential candidate Kamala Harris, but it is good news when it tips the balance of bets on how much the Fed in favour of two rate cuts of 25 basis each by the end of the year. A cut next week is practically certain. Furthermore, the report shows that the unemployment è remained at 4,1% and this stability leads experts to think that the limited growth in employment is the result of an exceptional situation, due precisely to climatic events and the long union struggle at Boeing, which among other things today gains almost 4%, after an agreement on the new contract, which will be voted on by union members on Monday.
In the stock market it flies Amazon (+7%) after the quarterly report presented yesterday evening; it is instead at a standstill Apple (-1,74%) which in the quarter surprised positively with sales, but not with those relating to the Chinese market. The accounting effect pushes upwards Intel, Chevron ed Exxon.
Oil Rises on New Iran-Israel Tensions
Oil stocks are benefiting today from Crude oil price growth, which is appreciated on the renewed tensions between Iran and Israel, with Tehran preparing for a brutal response after the attacks suffered last week. The Israeli 007 believe that the Iranian aggression will start from Iraq, perhaps even before the US presidential elections on November 5.
WTI is currently up 1,5% to $70,30 a barrel. Brent is up similarly, now trading at $73,85.
On the foreign exchange market the dollar maintains good intonation. Theeuro loses just under 0,3% and changes around 1,085.
Piazza Affari, green wave on the Ftse Mib
The price list Business Square today was hit by a green wave. Almost all blue chips are up, with the exception of stm -0,68%, held back by the results of its client Apple.
Slight decreases also for A2a -0,52%, Finecobank -0,48% Diasorin -0,34% Prysmian -0,34% Moncler -0,16%.
The top ten of the list is instead rich in banking stocks: in the wake of Unicredit e Understanding, they appreciate each other Banco bpm + 2,55% Bper + 1,71% Ps + 1,51% Popular of Sondrio + 1,6%.
In the oil sector they archive a tonic session Saipem + 1,74% Tenaris +1,49%, Interpump stands out in the industry +1,76%, while growing geopolitical tensions fuel purchases on the defense company's stock Leonardo + 1,55%.
Stable spreads
After the recent tensions, the bond market picture is improving. spread between Btp and Bund, both with a ten-year duration, rises to just 128 basis points. However, rates are slightly decreasing and the Italian bond is closing at 3,68%.
