(Finance) – Mostly positive sitting among the lists of the Old Continentafter rising Asian stocks (with China saying it would ease some anti-Covid measures), yesterday’s super rally on Wall Street (October’s US inflation report was better than expected), and positive corporate results.
Piazza Affari is also helped by the European Commission’s autumn estimates, according to which the Italian economy should have grown this year more than expectedat the rate of 3.8%
Among the statements of central bankers, the vice president of the European Central Bank Luis de Guindos he said that the investors may underestimate the “persistence of inflation” and that a sharp deceleration of global and underlying inflation is needed to stabilize expectations of future ECB interest rate hikes.
According to Fabio Panettamember of the Executive Board of the ECB, against the shock of energy prices Europe should invest in common public goods such as energy security, as national responses have minimally reached the most vulnerable social groups. And this investment “could take the form of a European budget capacity dedicated to investments, based on the experience of the Next Generation EU,” he said during an ISPI event in Milan. To finance such an instrument “it could be mobilized further debt issuance at EU levelwhen required by external shocks, “he added.
Among the European lists positive balance for Frankfurtwhich boasts a progress of 0.63%, in light Paris with an increase of 0.64%. Earnings day also for Piazza Affari, with the FTSE MIB up by 0.39%. Slip instead London which recorded a decrease of 0.67%, after the GDP data for the third quarter.
Between best blue chips in Milan, we find Saipem (+ 7.81%), Azimut (+ 4.14%), Moncler (+ 3.93%) and Amplifon (+ 3.2%). The worst is Telecom Italia (-3.36%), followed by Terna (-3.34%), Snam (-3.28%) and Prysmian (-2.84%).
Back to climb it spreadreaching +204 basis points, with an increase of 5 basis points, while the 10-year BTP yield it stood at 4.19%.