EU stock exchanges pick up their tone. Tim flies to Milan, down Unicredit

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(Il Sole 24 Ore Radiocor) – The European stock exchanges after starting with the handbrake on and after race on friday, have regained their tone. While watching the moves of central banks, China remains under special surveillance regarding the policy to combat the spread of Covid. The spotlight is also on Ukraine, with the out-of-control situation in Kiev due to the electricity blackout. The mayor of the capital also announced the possibility of a mass evacuation.
Indexes in surplus for the FTSE MIB of Milan, on CAC 40 of Paris, on DAX 40 in Frankfurt, theIBEX 35 of Madrid, theAEX of Amsterdam and the FT-SE 100 from London. Technicians under pressure, with Elon Musk doing it turnaround on the layoffs announced at Twitter and Meta, the company headed by Facebook, which according to rumors is in turn heading towards maxi job cuts.

Wall Street also did well on Friday, but it lost points during the week, also on the fear that the Federal Reserve will continue to sharply raise the cost of money in the coming months. After all, the American job market is thriving: 261,000 jobs were created in October, beyond analysts’ expectations. American inflation data will be unveiled in the coming days. Meanwhile on the international front the interest will be for theand mid-term elections on 8 Novemberwhich could hand over a divided or Republican majority Congress to the United States.

In Piazza Affari Tim stands out, eyes on the banks

Piazza Affari stands out Telecom Italia, with the market waiting for a meeting between government and shareholders. In the spotlight the actions of General, after the company announced that it has signed a long-term distribution agreement in Portugal with Ctt Group, also entering its shareholder base with an 8.7% stake. Interest also for Diasorin, which announced the launch of a pair of Analyte Specific Reagent (ASR) primers for detection of the monkeypox virus B17R / B18R gene. In decline Unicreditafter the rumors reported by Financial Times according to which the European Central Bank is critical of the bank’s dividend distribution policy. Out of the main basket watch out for Webuildafter the company, in consortium with Salcef, was awarded the 291 million euro contract in Romania.

Stable euro, lower oil and gas prices

On the foreign exchange market, the euro is quite stable: it is worth $ 0.9935 (Friday closing at $ 0.9912). It also traded at 146.4 yen (145.858), while the dollar / yen stood at 147.38 (147.152).
Oil is down: the wti contract in December loses 1.5%, settling at 91.2 dollars a barrel. The value of gas also goes down: the December contract loses 4.1% to € 110 per megawatt hour.

Spread down to 215 points, ten-year yield dates back

A slight decline in the spread between BTp and Bund in the secondary MTS market for European government bonds. The yield differential between the benchmark ten-year BTp (Isin IT0005494239) and the German bond with the same maturity is indicated at 215 basis points from the 216 basis points of the last closing on Friday. The yield of the benchmark ten-year BTp continues to rise, which marked 4.47% from 4.45% at the previous close.