(Finance) – The session of the main European stock exchanges moves in the name of prudence. The Milan stock exchange also aligns itself with the caution that reigns in Europe, and trades on the parity line. On the macroeconomic front, in Germany the final inflation reading for September confirmed the variations of +0% m/m and +1.6% y/y. In the United Kingdom in August the trade deficit in goods narrowed, while industrial production surprised on the upside, with growth of +0.5% m/m compared to +0.2% expected and -0.7% previously. Today in the United States the PPI for September and the University of Michigan preliminary index for October will be released.
Meanwhile, in the United States And the quarterly season has begun with the first large banks: JPMorgan recorded a better-than-expected third quarter but increased loan provisions; Wells Fargo reported a declining third-quarter profit with lower interest income; BlackRock reported record AUM of $11.5 trillion with a third quarter above expectations.
THE’Euro / US Dollar it is essentially stable and stops at 1.093. Slight increase ingoldwhich rises to $2,639 an ounce. Weak session for the petrolium (Light Sweet Crude Oil), which trades with a decline of 0.79%.
On the levels of the day before spreadwhich remains at +129 basis points, with the yield of the ten-year BTP which stands at 3.59%.
In the European stock market scenario remains close to parity Frankfurt (+0.14%), flat Londonwhich holds parity, and without ideas Pariswhich does not show significant changes in prices.
The Milan Stock Exchange pauses on parity, with the FTSE MIB which stands at 34,104 points; on the same line, colorless the FTSE Italia All-Sharewhich continues the session at 36,247 points, on the previous day’s levels.
Moderately rising FTSE Italia Mid Cap (+0.44%); consolidates the levels of the day before FTSE Italia Star (+0.19%).
Among the best Blue Chips of Piazza Affari, well bought A2Awhich marks a strong increase of 2.67%. MPS Bank advances by 2.28%. Small step forward for Ferrariwhich shows an advance of 1.30% (JPMorgan upgrade). Composed BPERwhich grows by a modest +1.18% (the investment banks raise their target prices after the plan).
The strongest sales, however, occur at Stellantiswhich continues trading at -3.69% (changes at the top). Sales up Telecom Italiawhich recorded a decline of 3.28%. It moves below parity STMicroelectronicshighlighting a decrease of 1.19%. Moderate contraction for Leonardowhich suffers a decline of 1.13%.
At the top among Italian shares a mid-cap, LU-VE Group (+5.00%), Brembo (+3.89%), El.En (+2.60%) e Multiply Group (+2.39%).
The worst performances, however, are recorded on MARRwhich obtains -1.26%. Undertone D’Amico which shows a reduction of 1.17%. Disappointing Ariston Holdingwhich lies just below the levels of the day before. Lame OVSwhich shows a small decrease of 0.76%.