The purchases on the Nasdaq are back and the European lists are celebrating, despite the many worries from the pandemic. Piazza Affari closed up by 2,02% at 19.771 points, in line with Frankfurt +2,04% and better than Paris +1,4%, Madrid +0,95%, London +1,4%. However, the alert for coronavirus infections remains high, especially in France and Great Britain, while the anti Covid-19 vaccine developed by Astrazeneca together with the University of Oxford suffers a setback, waiting to understand what is happening. 'is behind a trial participant's strange illness.
To support the sentiment of the continental squares, in the afternoon, is therefore the rebound of the tech giants, which have lost around one trillion in capitalization in the last three sessions. However, Tiffany suffers, forced to sue Lvmh later the decision of the king of luxury to opt out of the $16,2 billion purchase of the jewelry chain.
On the foreign exchange market, the euro appreciates on the eve of the ECB meeting, much awaited after the recent choices by the Fed. The exchange rate with the dollar is once again above 1,18. According to Bloomberg, the European Central Bank's projections on growth and inflation will show only slight changes compared to the estimates provided by Eurotower in June. Meanwhile, the IMF is warning central banks and governments: be careful how you move, the crisis linked to the pandemic, the biggest since 1929, "is far from over. The recovery remains fragile and uncertain and to ensure that it continues it is essential that the aid granted is not withdrawn prematurely".
Furthermore, the single currency rose against the pound for the third day in a row, while the Tory government deposited the announced bill in parliament – contested by the EU and internal opposition – to protect the British market after Brexit even at the cost to review some points of the withdrawal agreement reached with Brussels
Commodities, in particular oil, rise again. Brent future November 2020, once again exceeds 40 dollars a barrel and trades around 40,65 (+2,2%). Gold performed well, trading at 1946,1 dollars an ounce (+0,7%). In Piazza Affari recovers most of the losses incurred by Stm, +7,04%, the microchip company overwhelmed by sales of US technology.
Leap by Inwit, +5,75%, on the return of rumors relating to a merger between Rai Way (+4,89%) and Ei Towers. In evidence Diasorin, +5,54%. On the diagnostic front there is an all-Italian success with a new rapid test capable of telling in just 3 minutes whether or not you are positive for the SarsCov2 coronavirus from saliva. It's called Daily Tampon, and it was created by a Brianza company from Merate (Lecco) in collaboration with the University of Sannio. The test has received approval from the Ministry of Health and can therefore start production.
Well bought Snam +3,46%, with the entire utility sector. Banks in dust starting from Unicredit +3,23%. There are only two stocks with the minus sign in front: Leonardo -1,46% and Ferrari -0,03%.
Out of the main basket Mediaset +2,07%, closes on a high note a session made volatile by semi-annual accounts characterized by a loss of 18,9 million euros and revenues down by 21%. The stock comes from four brilliant sessions, in which it gained a total of more than 20% on the expectations of an agreement between Vivendi and the Berlusconi family that resolves the dispute that has been going on since 2016. Meanwhile, AgCom has started examining the Court's ruling EU on the appeal of the French against the freezing of part of their quota.
Well Astm (+77%) after that Ardian bought 1,6% of the shares at €21 per share, at a premium to current prices. Tod's suffers -3,67% after the accounts. Lastly, the bond sector shines: the spread between Italian and German ten-year bonds drops to 149 basis points (-3,1%) and the BTP rate drops to 1,03%.
On the primary The annual Bot auction went well which saw rates of return fall to their lowest since February. The differential now stands at 155,4 with a rate of 1,059%. The Treasury has assigned one-year Treasuries (maturity 14 September 2021) for the pre-established maximum amount of 7 billion euros, with the yield falling to -0,225% from -0,192% of the August placement. Demand was growing, reaching 12,908 billion euros with a coverage ratio of 1,84 compared to the previous 1,74.
