The eurozone price lists close in the red, with Piazza Affari bringing up the rear, down by 0,77%, 22.392 points, again ballasted by the banks. Madrid retreats, -0,29%, still in the midst of the political confrontation with the Catalonia. The Spanish government today approved a law to make it easier for companies to move activities within the country just as some companies are considering leaving the Catalan region due to the separatist project. Reductions for Paris, -0,36% and Frankfurt -0,09%. Moderately positive London, +0,2%.
The markets of the Old Continent cannot benefit from Wall Street, where, at the moment, sales prevail after a long series of records, thanks to the disappointing data on the labor market, -33 employed in September against an estimated growth of 80 jobs. However, unemployment also fell, while wages rose. Elements that will have to be weighed by the Fed when deciding whether to raise rates again within the year. According to Radiocor, the probability of an increase in December jumped to 93% after the employment report, because exceptional events such as the recent hurricanes Harvey and Irma would be at the origin of the decline.
Still of a climatic order would be today's thud of oil, Brent -2,53% 55,28 dollars a barrel e wtf back below $50, -3,07%, 49,23, with traders wary of the possibility of a supply disruption caused by the arrival of Tropical Storm Nate.
Little moved the exchange euro Dollar, around 1,172. Their recovers, 1274,885 dollars an ounce (+0,52%).
Bonds are weak, with yields of BTP 10 years at 2,21% and the spread with the Waist at 175.10 basis points (+0,57%), waiting for Moody's to pronounce tonight on the sovereign rating, currently 'Baa2' with an outlook taken to 'negative' from 'stable' last December. In the same hours there will be the evaluations of Standard & Poor's on France and Dbrs on Spain.
In Piazza Affari they close well some insurance titles, also following the rally of Cattolica Insurance (+17,31%) following the entry of Warren Buffet as main shareholder.
On the Ftse Mib the best title is Unipol +1,46%. It also stands out among the blue chips Leonardo, +0,64%, benefiting from UBS's buy recommendation. Moderately positive Exor +0,18% and Recordati + 0,08%.
On the banking front it is saved Mediobanca, +0,99%, promoted by Equita from hold to buy.
Investors, alarmed by the new European legislation on NPLs, which could cost Italian institutions 9 billion (according to calculations by Repubblica), are instead going to collect on Bper -3,56% Ubi -3,37% Bpm bank -2,44%. Broken down Ferrari, -1,4%. Utility in red, above all Italgas -2,1% and A2a -1,81. Oil down: Saipem -1,75%, Eni -1,28%, Tenaris -0,67%.
