Banks, industrialists, oil, fashion, utilities: the sectors of Piazza Affari are almost all on the rise, which today is first in class in Europe and closes with a gain of 1,27%, at 21.853 points. The best stock is Pirelli, +3,88%, awaiting the quarterly, followed by Unicredit, +2,88%, rewarded by the market after the accounts. The session is also positive on the secondary market: the 2,88-year yield is 2,3%, while the spread narrows by 246.10% to 2,7 basis points. However, political risks lead HSBC to revise upwards its forecasts for the yields of Italian government bonds at the end of the year: 10% for the 2,4-year BTP, from the previous projection of XNUMX%.
Italy's perception of risk will meet another test bench tomorrow, on the occasion of the second August summit on the next financial package which should include, among other things, a cut in the tax wedge, the citizen's income, the flat tax and the overcoming of the Fornero pension reform. In the meantime, a Lega-M5s bill was filed yesterday to cut gold pensions, while today the Senate gave the definitive go-ahead for the dignity decree.
The purchases also reward the other Eurolists: Paris +0,81%, Frankfurt +0,4%, Madrid +0,52%. London gains 0,7%, with the pound remaining at a standstill. The euro appreciated against the British currency by 0,27% and the exchange rate moved to 0,89499. The single currency also recovered against the dollar and is currently slightly below 1,16 (1,1594).
The session starts on the right foot on Wall Street, in the wake of the increases in Europe and Asian markets. In Nasdaq it could close the sixth session on the rise, ringing the longest positive time series for five months. The Dow is doing well, while the S&P500 could hit a new record thanks to technology and quarterly results beyond expectations. After Apple's rally, still over one trillion in capitalization in the wake of the accounts, tonight Disney and Snap will shed light on their performance.
Among the raw materials, gold recovered some ground, reaching 1212,81 dollars an ounce (+0,43%). Oil rises as the US launches its first sanctions against Iran. Those on crude oil will come into force on November 4th. Brent appreciates by 0,68%, reaching 74,25 dollars a barrel.
The increase also contributes today to the good performance of Saipem, +2,06%; ahead of Eni, +1,95%. Atlantia also established itself among the blue chips +2,7%; Moncler +2,61%; Italgas +2,6%. Only three big names are in the red: Campari -1,21%; Fiat -0,43%; Bench Bpm -0,17%.
Financials tend to do well, driven by Unicredit and the positive trend at European level. Outside the main basket, Carige deflated -1,05%.
Down Tod's, -5,04%, after the exploits the day before. Weak Fincantieri, -0,31%, on the day of the agreement with Mer Mec, a company of Vito Pertosa's Angel group, for the joint and equal acquisition of 98,54% of Vitrociset. The closing will be subject, inter alia, to the failure of the Italian government to exercise the golden power.
