After Trump's victory in the race for the White House seems certain, the first reactions on the markets see in Asia, the strong loss of Hong Kong, while US stock futures are sharply up. Attention will be on the so-called "Trump trades", while the yield on the 10-year US Treasury is rising to 4,4%. European stock markets seen opening slightly higher. In Milan, attention to Unicredit, Leonardo
Wall Street closes higher yesterday ahead of vote
Yesterday evening, also following the emergence of a advantage of Donald Trump about Kamala HarrisThe main US stock indexes closed in positive territory. The Dow Jones gained 1,02% to 42.222 points, while the S&P500 gained 1,23% to 5.783 points. Better performance for the Nasdaq (+1,43% to 18.439 points). Worth noting Intel sharply up (+3,55% to 23,32 dollars), after the correction suffered in the previous session. Also very good Tesla (+ 3,54%) and Nvidia (+2,84%). Wall Street futures anticipate a 1% rise in the start.
Asia Pacific markets mixed: Hong Kong -2,5%
The near certainty of Trump's victory has put pressure on some Asian exchanges, fearing further restrictions on products. The Hang Seng Hong Kong loses -2,5%, with Alibaba down 4%, Meituan 4% and Xiaomi 3%. Tencent -2%. South China Morning Post Hong Kong writes this morning that Trump's return to the White House will certainly lead to further restrictions on the operations of Chinese tech companies.
They're going better bags of China, CSI 300 index of the Shanghai and Shenzhen stock exchanges +0,1%, probably because the expectation of a clarification on the massive economic stimulus measures, coming from the political summit underway in Beijing, prevails. The stock exchange Tokyo is rising and the yen is weakening on a rush to reopen carry trades: the Japanese Nikkei 225 index is up 3,29%, trading at 153,8 from 152,5 the day before. Fears of duties on the products arriving from South Korea in the United States penalizes the KOSPI index of Seoul -1%. The stock market is set to close on the rise Sidney, opened the Indian stock market on a positive note.
European stocks seen slightly higher. Eyes on Unicredit and Leonardo
European stock markets are expected to open slightly higher on the basis of the Eurostoxx50 future which marks +0,18%.
believe closed the first nine months of 2024 with a consolidated net profit of 485,9 million euros (+10,7% compared to the same period of the previous year), after having spent 33 million euros in contributions to the funds for the management of banks in difficulty and over 4 million euros in provisions for the Guarantee Fund for life insurance policies. Return on capital (annualized ROE) 17,1%, annualized ROTE 19,5%. The intermediation margin stands at 1.509,6 million euros (+7,2% compared to the end of September 2023).
La Popular of Sondrio communicated the financial results for the first nine months of 2024, a period closed with a net profit of 431,89 million euros, up 23,9% compared to the 348,59 million recorded in the same period of the previous year. The net result of financial and insurance management rose from 959,4 million to 1,07 billion euros. The intermediation margin also increased sharply, from 1,05 billion to 1,23 billion euros, following the increase in the interest margin, which grew from 668,44 million to 813,57 million euros (+21,7%). The cost/income ratio was 38%.
Unicredit closed the 9 months of 2024 with a net profit of 7,7 billion in the nine months (+16%). It also revised upwards the guidance for net profit in 2024, increasing it to over 9 billion euros, or about 10 billion adjusted. It also improved its dividend policy. In the third quarter alone, profit was 2,5 billion, up 8% and above estimates that indicated 2,2 billion. It is the fifteenth consecutive quarter of growth.
Commerzbank closed the third quarter with a net profit of 642 million euros, down 6,1% compared to the figure of 684 million euros of the previous year. The result is above market expectations, given that the consensus averaged a quarterly profit of 529 million euros. Over the nine months, revenues increased to 8,2 billion euros (from 8,1 billion), with net commissions up 4% to 2,7 billion euros and the interest margin to 6,3 billion (+0,1%). Costs were also stable at 4,8 billion euros in the 9 months, with a cost/income ratio of 59% and a nine-month profit up 5% to 1,9 billion. The Cet1 ratio stood at 14,8% and is estimated at around 15% at the end of the year.
Leonardo. A Trump victory could have a positive impact on companies operating in the defense sector. Donald Trump has, in fact, historically supported an increase in military spending even during his mandate (2017-2021).
Banco BPM. Today, Q3 Board of Directors meeting; conference call to follow.
Diasorin closed the first nine months of the year with an adjusted net profit of 176 million, up 8% on the same period last year, and improved its revenue guidance for 2024.
Intesa Sanpaolo The Privacy Guarantor has given the institute 20 days to inform all customers who were involved in the violation of personal and banking data that occurred through improper access by a bank employee.
stellantis CEO Carlos Tavares has not confirmed electrification plans for Maserati, the automaker's luxury brand, union officials said after a meeting with the executive.
TIM Telecom Italia CEO Pietro Labriola said in an interview with Bloomberg that he is committed to the telephone operator's relaunch plan, rejecting rumors of possible resignation.
