On the stock market, the first session of the week was marked by prudence. Or reflection. The European lists have all gone red. The downturn in the markets is probably due to a technical and momentary factor. That’s why today’s stock market falls represent an interesting opportunity. Let’s see why thanks to the analysis of the ProiezionidiBorsa Studies Office.
Because today’s stock market falls represent an interesting opportunity
The European stock exchanges end in red the last session of the month. Tomorrow will be the first of December. Despite the red, November was one of the best ever. Even for the Euro Stoxx 50 index it was the best month ever, with a gain of around 20%.
But, for this very reason, it is likely that many institutional investors have decided to liquidate part of their positions for balance sheet reasons. Sales that, once budgeted, will turn into purchases again. In practice, what was sold today could be bought back tomorrow. This is why today’s decline represents an opportunity.
Wall Street once again influenced the markets of the Old Continent
Today the blue chip index, the Ftse Mib (INDEX:FTSEMIB), closed down by 0.8%, closing at 22,160 points. After a declining start, prices recovered parity around 15.00. However, the first signs of a weak Wall Street start have prompted some traders to sell.
And, in fact, the stocks that have weighed the most on the negative trend of the Italian market are those that in the last few sessions had recorded significant increases. Banking and energy-related securities weighed up the Milan stock exchange today. Unicredit was the worst blue chip, with a drop of 4.4%, Tenaris lost 2.7% and Eni 2.7%.
While on the earnings side, Pirelli’s race continues and, even today, has gained 3.5%, far behind the second best stock, Diasorin, which has risen by 2%.
Deepening
This multidays analysis and analysis of international markets by the ProiezionidiBorsa Research Department
–
