Breaking news November 4th at 8pm
Piazza Affari closed with little movement with the Ftse Mib losing 0.39% at the end of the day.
On the macro front, it should be noted that the Eurozone manufacturing PMI rose to 46 points in October from 45 in September. Although still below the 50-point threshold that separates growth from contraction, the reading showed a slowdown in the worsening of Eurozone manufacturing.
In the US, however, orders to businesses fell by 0.5% on a monthly level in September, after the previous month’s decline of 0.2%. Those ex-transport rose 0.1% after falling 0.2% in August.
Eni was weak on the Piazza Affari (-0.09%) after the completion of a 1 billion dollar sale. The group has finalized the agreement to sell 100% of the Nikaitchuq and Oooguruk assets held in Alaska to Hilcorp.
Diasorin (+0.89%) and Bper (+1.33%) did well, while STM lost ground (-3.06) on which Morgan Stanley reduced its rating from equal-weight to underweight, with the target price changing from 35 to 20 euros.
Focus also on Unicredit (+0.36%) which, after having received approvals from all the competent authorities and following the completion of the due diligence process, acquired from Alpha International Holdings, 100% controlled by Alpha, 90.1% of Alpha Bank Romania in exchange for 9.9% of the share capital of UniCredit Bank and approximately 255 million euros in cash.
Finally, Italgas (-0.44%) should be noted after Morgan Stanley raised its rating from underweight to equal-weight, with the target price going from 5.1 to 5.6 euros.
![Japan does not allow ‘coverage + non-coverage’ mixed treatment… In most cases, fixed-rate insurance instead of actual expenses [의료 망치는 비급여]](https://pds.joongang.co.kr/news/component/htmlphoto_mmdata/202411/05/6d2719c2-6516-41e3-9511-a33e919fb809.jpg "Japan does not allow ‘coverage + non-coverage’ mixed treatment… In most cases, fixed-rate insurance instead of actual expenses [의료 망치는 비급여]")
