(Il Sole 24 Ore Radiocor) – After an initial part of the day marked by uncertainty, the European stock exchanges they are trying to take the path of increases, but continue with the trend marked by the caution of the last week, when Wall Street had also lost ground, while remaining close to all-time highs. In particular, the CAC 40 of Paris, theAEX of Amsterdam and the DAX 40 of Frankfurt fluctuate on par. Even the FTSE MIB in Milan, after a declining start, reached Friday’s values. Retrieve theIBEX 35 in Madrid.
Following the recent October inflation data, investors fear the Federal Reserve may decide to raise the level of tapering now equal to 15 billion euros per month compared to the initial monthly purchase quota of 120 billion dollars per month. The institution could also adjust interest rates earlier than expected, which is next year. The US price index, in fact, last month rose to 6.2% compared to a year earlier, marking the largest increase since 1990. Producer prices also flew by 8.6% compared to the previous year. to a year earlier, the largest increase since these statistics were recorded, i.e. since November 2010. On the other hand, encouraging data came from China: Industrial production in October rose 3.5% yoy, while retail sales rose 4.9% yoy.
In Milan Tim in the spotlight, purchases on Saipem
At Piazza Affari he continues to run Azimut, after the quarterly published last week, and is still under the lens Telecom Italia, after the stalemate on the network that emerged from the board of directors on Thursday. Meanwhile, a thousand rumors about the future of the company, as well as about the discontent of the shareholder Vivendi, are chasing each other. A quick step too Saipem, which has been awarded two new offshore contracts, one in Australia and one in Turkey, for transportation and installation (T&I) activities for a combined total of over $ 600 million. Moncler benefits from the news that for the third consecutive year it has been confirmed in the Dow Jones Susstanibility World Europe indices, obtaining the highest score in the Textile Apparel & Luxury Goods sector in the S&P Global Corporate Sustanability Assessment 2021. The shares also benefit from the positive outlook on the luxury sector indicated by the consulting firm Bain & Company and the Altagamma Foundation.
Well Tokyo, encouraging signs from China
The Tokyo Stock Exchange closed higher (+ 0.56%), although it emerged that in the third quarter of 2021 the Japanese economy recorded a decline of 0.8% compared to the previous quarter and of 3% on an annual basis, feeling the effects of the pandemic situation. From China, on the other hand, encouraging data arrived: industrial production in October, according to data communicated by the Chinese National Statistics Office, rose on an annual basis by 3.5%, a further increase compared to + 3.1% of September. In the first 10 months of 2021, growth stood at + 10.9% over the same period of 2020. Retail sales also rose by 4.9% per year in October, accelerating from + 4.4% of September.
Beijing, ChiNext closes -0.8% on first day of trading
ChiNext, the Beijing Stock Exchange listing launched by the Beijing authorities with the aim of supporting small and medium-sized enterprises that encounter difficulties in raising capital, closed down on the first day of trading. At its debut, the ChiNext Price Index fell by 0.8% to 3,401.87 points after a positive opening. The shares of 80 companies are listed on the list; of those ten debuted today after raising 1.5 billion yuan ($ 235 million) from stock sales in the preparation phase. The other companies have been transferred from the National Equities Exchange And Quotations, launched in 2021 which allows SMEs to raise funds before going public.
