Harris or Trump? In the hours in which the Americans vote for new US president the world wonders about its future, and yet Wall Street he has already thrown his heart over the obstacle and is moving root at midday, banking on a dovish Fed at its November and December meetings and betting on two consecutive 25 basis point rate cuts.
Sui European markets instead the climate remained colder and the stock markets closed another weak session, worried among other things by the threatened tariffs of the Republican candidate.
Square Business is the worst and marks a loss of 0,2%, largely attributable to Ferrari, -7,06%, on the day of the quarterly report. The prancing horse he didn't stumble on the accounts, because these have proven to be in line with expectations (growth in earnings and revenues, declining deliveries) and the 2024 guidance has also been confirmed, after having been revised upwards in August. However, perhaps some analysts were expecting a further increase in targets, or perhaps the stock has already gained a lot and the moment is being taken advantage of to make money on a stock close to its all-time highs.
In the rest of the Eurozone they are moderately positive Frankfurt + 0,5% Paris + 0,48% Amsterdam + 0,37% Madrid +0,26%. Outside the block it is slightly decreasing London -0,13% where Burberry loses 3,97%, after yesterday's jump on rumours of an interest of Moncler (-1,71% in Milan) which found no confirmation.
Falling dollar
On the foreign exchange market the dollar is experiencing a second consecutive session of decline, after recent polls saw the Democratic candidate gaining ground against her Republican rival. Theeuro thus surpasses the threshold of 1,09 against the greenback.
The 10-year Treasury, however, shows a rising rate, as if the former president's stock was on the rise, given that Trump, once back in the White House, could increase public debt.
Among the raw materials, the Petroleum, with prices rising due to war in the Middle East, while Tropical Storm Rafael threatens disruptions to U.S. offshore oil and natural gas platforms in the Gulf of Mexico.
Brent and WTI futures are currently up more than 1%, with prices approaching $76 and $73, respectively.
Piazza Affari, Leonardo stands out
In Business Square soars Leonardo +3,72%, which recovers with ample interest what was lost yesterday. The stock is approaching the quarterly report that will be presented on Thursday in a strong manner and in the meantime it is benefiting from the conclusion of the Boeing strike (-0,86% in New York) after workers at the US aerospace company signed an agreement. Leonardo, in fact, has a strong involvement in the production of the Boeing 787 and even if this sector was not particularly affected by the seven-week strike, the news has a balsamic effect on the Italian stock.
Among the sectors most highlighted on the Ftse Mib is the banking sector, led by Popular of Sondrio + 2,71% Banco bpm + 1,69% Unicredit + 1,34%.
In the industry it stands out Interpump +1,81%, while among the technological ones it recovers stm +1,56%. Insurance companies in the light with Unipol + 1,39%.
Bene Diasorin, +0,9%, on the day of the quarterly report. The stock moved in a swing, but then found a good pace, after the publication of the accounts for the first nine months of 2024, closed with revenues of 876 million (+4%) and profits up 8% to 176 million. Management slightly raised the guidance for the current year.
She's shyly positive stellantis +0,33% despite the 27,75% drop in registrations in Italy in October, with a market share of 25,15%.
Among the blue chips that are falling are Telecom -1,12%, following the Tim Brasil results during the night. According to Equita, these are accounts "aligned with our expectations and consensus estimates, which incorporated a slowdown compared to the revenue and EBITDA dynamics of the semester".
Out of the main basket it shines Ferretti +3,76%, on rumours of interest from lvmh (-0,77% in Paris). The French luxury giant is said to be tempted by Riva motorboats.
Spreads down
The bond closes in green: lo spread between a 124-year BTP and a Bund of equal duration falls to 3,67 basis points, while yields rise slightly. The Italian bond is at XNUMX%.
