MILANO – The European stock exchanges regain momentum after an uncertain start and all closed in good relief. The pmi manufacturing indices of the Eurozone and of the individual countries, better than expected, gave the price lists the boost. In particular, the index relating to the Eurozone rose to 54.8 in October, from 53.7 in September, recording the best figure in 27 months. Similar indications also from the analogous Markit survey on Italian manufacturing. Also in October the index reached 53.8 in October, up from 53.2 in September. Very positive data also in Germany, with the index jumping to 58.2, a 31-month high.
Numbers that, as mentioned, give confidence to the market by alleviating fears related to the new tightening launched by European countries to combat the pandemic, with foreseeable consequences on the prospects for economic growth. Milano is among the best in the Old Continent and closes with a gain of 2.41%, London l’1,39%, Frankfurt salt by 2.01,% e Paris and 2.11%. In Piazza Affari Mps shines on new rumors of possible imminent aggregations while Nexi is in sharp decline, which less than a month of the agreement with Sia now points to the Nordic Nets. Wall Street is also doing well: at the close of trading in Europe the Dow Jones rises by 1.39% and the Nasdaq by 0.45%.
The restrictive measures adopted are felt above all on the prices of Petroleum which plummet in the morning but in the afternoon crude oil reverses sharply after it emerged that Russia would be ready to extend the production cuts by another three months. A scenario that brought back the WTI, which fell to a 5-month low, above 36 dollars a barrel, and Brent back above 38 dollars.
The Asian price lists matched very well. Tokyo it closed with an increase of 1.39% and the Chinese indices also did well, supported by the positive figure of the manufacturing PMI. In October the figure The figure stood at 53.6 points against 53 in the past survey and 52.8 in the consensus.
Sitting not very busy for him spread. The BTP / Bund spread ends at 135 points, with the yield of the Italian ten-year bond equal to 0.76%. Among the currencies, the euro is slightly lower and changes hands at 1.1634 dollars from 1.1643 on Friday evening and is also slightly lower against the yen at 121.90.
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