(Il Sole 24 Ore Radiocor) – Milan, 01 Nov – The European stock markets, open despite the public holiday, begin the first session of November on positive ground after a declining October, with an eye on the crucial data on American employment, central for the Federal Reserve’s next moves and to guide the economic choices of the next president, who will be chosen on November 5th. Thus, in the aftermath of a negative session for Wall Street, held back by Big Tech after the accounts (Meta and Amazon disappointed, Apple lost around 2 points in the after-market, despite profits and revenues above expectations and iPhone sales in increase). So Milan, the only one to record an increase in the previous month (+0.5%), began the session with growth of 0.4%, like Frankfurt, while Paris rose by 0.67%, London by 0.1%. , Madrid and Amsterdam by 0.4%. Meanwhile, Asian markets are generally down in the wake of Wall Street (Tokyo -2.6%), but Chinese ones are pointing upwards after better-than-expected data on the manufacturing sector. As for the stocks, on Piazza Affari Stellantis, which started in decline, immediately turned positive (+1.4%), after the third quarter results with declining revenues, but 2024 guidance confirmed. The oil companies did well (Saipem +1.37%, Eni +1%, Tenaris +0.96%) with the rise in crude oil and the banks (Unicredit and Intesa +0.9%, the latter in the aftermath of the accounts and with Fitch Ratings having improved the outlook from stable to positive). St slips to the rear (-2%), penalized by a series of negative opinions from analysts after the accounts and by the slowdown of Apple, one of the main customers of the semiconductor group.
Amplifon is also still down (-1.25%) and Nexi (-0.79%) and Cucinelli (-0.66%) are also down. On the currency market, the euro/dollar is stable at 1.087. Oil is recovering, with WTI up 2% in December to 70.65 dollars a barrel and Brent in January +1.9% to 74.19 dollars, while tension remains high in the Middle East: intelligence Israeli reports that Iran is preparing to attack Israel from Iraqi territory in the coming days, perhaps before the November 5 US presidential election. Crude oil prices are also supported by expectations that OPEC+ may delay December’s planned increase in production by a month or more. Gold is slightly up at 2,755 dollars an ounce. Natural gas traded in Amsterdam lost 4.4% to 38.8 euros per megawatt hour. Finally, the spread is decreasing to 127 points, compared to 129 the day before, with the ten-year yield falling to 3.67%.
Ars
(RADIOCOR) 01-11-24 09:27:32 (0172)NEWS,ENE,PA,ASS,UTY 3 NNNN
