European markets down with focus on macro data. Ideas from banks’ quarterly reports

European markets down with focus on macro data Ideas from

(Finance) – Milan is weak, in the wake of the other Eurozone stock exchangeswith investor attention remaining on quarterly season and on the many macroeconomic data out today. Meanwhile, in France in October the harmonized CPI marked a change, in line with expectations, of +1.5% y/y from +1.4% previously, while in Germany in September retail sales recorded a significant increase of +1.2% m/m.

As widely expected, the Bank of Japan (BoJ) left rates unchanged at 0.25%, while the ECB – in his Economic Bulletin – stated that the risks to economic growth remain oriented towards the downside and that the disinflation process is well underway.

Lots of ideas from banking sector, BNP Paribas reported a third quarter of growth thanks to investment banking, Societe Generale announced changes in top management after a strong growth third quarter, ENG set a €2.5 billion distribution after a better-than-expected third quarter, BBVA recorded a record profit of 7.62 billion euros in the 9 months driven by Mexico and Spain.

Substantially stable theEuro / US Dollarwhich continues the session at the levels of the day before and stops at 1.086. Slight decrease ingoldwhich drops to $2,779.2 an ounce. Oil (Light Sweet Crude Oil) lost ground, trading at 68.43 dollars per barrel, with a drop of 0.26%.

Consolidates the levels of the day before spreadsettling at +128 basis points, with the yield of the ten-year BTP which stands at 3.69%.

In the European stock market scenario he hesitates Frankfurtwhich lost 0.56%, London drops by 0.71%, and a sharp decline for Pariswhich marks -0.7%.

The Milanese price list the session continues just below parity, with the FTSE MIB which shaves 0.28%; along the same lines, slightly decreasing FTSE Italia All-Sharewhich continues the day below par at 36,508 points. Under parity the FTSE Italia Mid Capwhich shows a decline of 0.33%; on the same trend, slightly negative FTSE Italia Star (-0.68%).

Among the best Blue Chips of Piazza Affari, substantially toned Stellantiswhich records a capital gain of 1.06% (revenues down 27% in the third quarter, while reporting progress in inventories). Moderate earnings for MPS Bankwhich advances by 1.03%. Small steps forward for Leonardowhich marks a marginal increase of 0.54%.

The steepest declines, however, occur at Amplifonwhich continues the session with -3.35%. Under pressure ERGwith a sharp decline of 2.06%. Basically weak Unipolwhich recorded a decline of 1.20%. It moves below parity Herahighlighting a decrease of 1.17%.

At the top of the mid-cap stocks ranking of Milan, Fincantieri (+2.32%), Maire (+1.39%), MFE B (+1.15%) e Zignago Glass (+0.94%).

The steepest declines, however, occur at Juventuswhich continues the session with -6.00%. Moderate contraction for Philogenwhich suffers a decline of 1.48%. Undertone Acea which shows a filing of 1.35%. Disappointing Caltagirone SpAwhich lies just below the levels of the day before.

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