European financial markets begin the new week with a slight decline, in step with Wall Street, which was sluggish at the start. Profit-taking essentially prevails at the end of a brilliant month.
What will keep investors on standby this Monday are the important ones macroeconomic data which will be published in the next few days, starting with those on inflation in Europe and the United States. There is also disappointment over the profits of Chinese industrial companies in the first ten months of the year. At the end of the day in New York the performance of the Cyber Monday, after the record figure of expenditure of 9,8 billion euros recorded in Black Friday (+7,5% compared to a year ago).
From central banks today comes yet another slowdown in enthusiasm (for possible reductions in the cost of money) from the President of the ECB Christine Lagarde who, in a hearing in the European Parliament, reiterated that the medium-term economic and inflationary prospects of the euro zone remain shrouded in uncertainty 'uncertainty.
Europe is weak, Unicredit is suffering in Milan
In this context Business Square ends the day at -0,31% (29.342 basis points), enclosed between the rise of Telecom +2,62% and the decline of Leonardo -3,51%. Among the banks, the stock is tinged with red Unicredit, -1,29%, with the news that the institution led by Andrea Orcel has been removed from the Financial Stability Board bylist of global systemically important banks.
In the rest of Europe Frankfurt loses 0,39%, Paris -0,37% London -0,36% Amsterdam -0,19% Madrid -0,2%.
Gold shines
The best ideas of the day are on , which moves firmly above 2000 dollars an ounce, thanks also to the weakness of the dollar. Spot gold currently shows a gain of 0,44% and a price of 2011,065 dollars per ounce.
Il Petroleum, improves slightly compared to the morning trade, but continues to fly low awaiting the OPEC+ meeting postponed in recent days to November 30th. Brent rose by 0,27% to 80,8 dollars a barrel; the WTI +0,41% 75,85 dollars a barrel.
On the foreign exchange market theeuro-dollar it is little moved, for a cross around 1,093.
falls the gas in Amsterdam, -5,11% to 44,265 euros per MWh.
Spread stable, for Lagarde the fight against inflation continues
The Italian secondary market closes essentially unchanged, with one spread between 10-year BTPs and Bunds of the same duration at 173 basis points and rates slightly decreasing at +4,29% and +2,55% respectively.
Overseas, prices are rising and yields are also falling T Bond with the 4,43-year showing a rate of XNUMX%. Some more indications on monetary policy in the United States may come on Friday, when Fed President Jerome Powell speaks.
Meanwhile today the president of the ECB Christine Lagarde He said the fight against inflation continues, because the price run in the bloc is slowing, but wage growth is still strong.
Furthermore, the European Central Bank may soon discuss the possibility of closing reinvestments early under the €1.700 trillion Pandemic Emergency Purchase Program (PEPP).
Piazza Affari: utilities are doing well, industry and banks are down
Many industrial stocks on the main Piazza Affari list are in the red. With Leonardo they go down Prysmian -1,91% Interpump -1,36% Iveco -1,26%. Bucking Pirelli + 0,91% Cnh + 0,68% Classic Ferrari for sale + 0,33%.
Weakness touches financial stocks. The most volatile it was Ps -0,94%, which fell after the news that the appeal sentence of the derivatives trial in Milan was postponed to December 11, due to indisposition of one of the judges. The stock had gained 2,5% on bets for an acquittal of the former leaders Alessandro Profumo and Fabrizio Viola, convicted at first instance.
In the top ten of the day, relating to blue chips, there are many utilities such as Hera + 1,41% Getting very + 1,1% Enel + 0,28% A2a + 0,64%.
