Breaking news November 7th at 8pm
The Milanese stock closes today’s session with a slight increase, recovering after yesterday’s declines: +0.12% to 33,981 points the Ftse Mib.
On the macroeconomic data front, retail sales in the euro area grew by 0.5% month-on-month in September, following August’s figure revised to +1.1%, according to Eurostat data. The data is in line with the consensus of economists. On a year-over-year basis, retail sales grew 2.9%, following a previous rise of 2.4%.
Moving on to the USA, weekly requests for unemployment benefits (seasonally adjusted data) stood at 221,000 units, an increase of 3,000 compared to the previous week’s figure.
As for central banks, the Bank of England lowered rates by 25 basis points. This evening the Fed is also expected to cut rates by 25 bps.
In Piazza Affari, there was a rally of +8.97% for Banco Bpm, which launched a takeover bid at 6.2 euros per share on Anima H. (+11.13% at 6.39 euros). Rally then by +10.73% for Iveco, by +5.42% on Azimut H. and by +4.28% for Leonardo Spa after the accounts, while Brembo scored a +2.32% and B. Generali a +4%. Finally, Juventus shares jumped by 14.6% on the day of the meeting.
