The stock markets are today on November 8. Warning on the markets after the Fed

Nervous Europe at the start after the Fed: Mps and Pirelli did well in Milan (-0.5%).

European stock markets nervous at first, after it was announced that the Federal Reserve cut rates. The indices started positive, went down quickly and then recovered in a certain order. Milan, which lost more than 0.7%, recorded a fall of 0.5%. Frankfurt adjusting for parity, Paris loses 0.25%, and at the same time Amsterdam e Madrid they rise 0.2%. London.

The move by the main US institution was widely expected, but the words with which the number one, Jerome Powell, declared that it might be appropriate to proceed more slowly with the cuts give pause for thought. Therefore, investors took profits above all on bank shares, which had risen above immediately after the announcement of the US elections, which saw the victory of Donald Trump. So much so that the Dow Jones closed unchanged, while the Nasdaq continued to run. Meanwhile, US futures are stable.

In Europe, the quarterly reporting season is in full swing. In Milan, there are several companies that have published the numbers under observation. Mps increase more than 2%enthusiastically welcoming the clearly improving accounts for the July-September period. Also like the season Pirelli so the shares rise 2.6%. Unipolafter a weak start, it turned up (+1.17%) led by the quarterly report. On the other hand, Conti’s pressure has gone on Cnh (-5.6% in Milan, although the main price is in New York). The news that the confidence situation among German companies in the car sector had worsened in October punished them Star (-2.7%).

In terms of exchange rate, the euro is trading at 1.07718 dollars (1.078 closing the previous day) and 164.39 yen (165.21 yen), while the dollar/yen cross is at 152.62 (153.16). Oil is weak with December WTI at 71.46 dollars per barrel (-1.24%). The price of natural gas traded in Amsterdam rose to 42.1 euros per MWh (+1.99%).