Wall Street's endless rush today is not enough to encourage the Ftse Mib to the point of reversing course. Piazza Affari stops down by 0,12%, 22.784 points, with luxury at the extremes of the price list. The worst stock is Ferragamo, -3,33%, due to the downgrading of Exane Bnp Paribas. On the opposite bank Yoox, +1,43% and Moncler, +1,31%. Best blue chip of the day is Atlantia, +1,91%, thanks to a brightening in the prospects for the takeover bid on Abertis. The Spanish economy minister, Luis de Guindos, has assured that the government will maintain a neutral attitude in the match for control of Abertis.
Little moved, but positive, the other European price lists, deprived of Frankfurt, closed for the day of reunification. Madrid regains parity, +0,02%, after tensions over the Catalan referendum. Better London +0,39% and Paris +0,32%.
Major New York stocks move towards another record close. At the sectoral level, it is above all raw materials and telecommunications that are taking off. While the auto sector travels at different speeds, with General Motors and Ford driven by data on registrations for September and FCA slightly down, with registrations down by 10%, against the expected 10,9%. (Similar closure of Fiat in Milan, -0,26%). Tesla is under pressure, with Goldam analysts predicting a drop of up to 39% in the coming months and recommending selling. Among the weak points there would be a production of the Model 3 at a slower pace than the estimates.
On the monetary front the euro recovers slightly against the dollar, after slipping below 1,17 yesterday, the exchange rate moves to 1.175. Flat oil: Brent 55,9 dollars a barrel. Modest recovery for gold, +0,28%, 1273,81 dollars an ounce.
Weak session for bonds, with the yield on the Italian 2,23-year bond at 175.70% and the spread with the Bund at 0,06 basis points (-XNUMX%). The long wave of Sunday's referendum on the independence of Catalonia, declared illegal by Madrid, and the intervention of the Spanish police against polling stations and voters continues to weigh down the tone of the market, without however triggering a real correction in the periphery. The Spain-Germany spread was confirmed at its highest level since the beginning of the summer.
In Piazza Affari the good performance by Ferrari +0,94%, followed by Exor, +1,01%. Saipem recovers, +1,16%, after the sales on the eve. Utilities are in the red, with Enel -1,17 and Terna -1,13%. Among the banks, Ubi loses share, -1,14%, after yesterday's gains. Down Buzzi -1,08%.
Outside the main price list, the exuberance of Whitehand, +30,68%. Shopping rain on Central Dairy of Italy, +19,68, following the announcement of the strategic partnership with the Alibaba group, world leader in online and mobile commerce, for the sale of long-life whole milk on the Chinese market. The light of Gima Tt fades, +0,39%, but does not go out, after yesterday's brilliant debut. Tomorrow Pirelli will make its debut again on the market.
Meanwhile Borsa Italiana launches the showcase Italian Listed Brands, a basket which includes 22 selected listed companies. From this list, a new dedicated index will be created by FTSE Russell as part of the coverage of the Italian market. The selected ones are: Autogrill, Brembo, Brunello Cucinelli, Campari, Damiani, De' Longhi, Fila, Ferrari, Fiat Chrysler Automobiles, Geox, Luxottica, Moncler, OVS, Piaggio, Pininfarina, Piquadro, Pirelli & C., Safilo, Salvatore Ferragamo , Technogym, Tod's, Yoox Net-A-Porter.
