The United States stock market begins the week with the historic highs reached on Friday by the Dow Jones and the S&P500 behind it. Futures are uncertain.
The macroeconomic data agenda is empty, so any elements capable of guiding the indices in one direction or another must be looked elsewhere. The fall of oil is certainly an important theme of the day, WTI crude oil loses 2% to 74 dollars a barrel due to what has arrived from China in the last two days. The communications from the Ministry of Finance relating to the programs to support economic development have not entirely convinced analysts, while worrying signs of deflation emerge from the data on producer and consumer prices.
The countries OPEC+ have cut oil production by about 500,000 barrels in September, month over month, to 40.23 million bpd, S&P Global Commodity Insights said, citing a Platts report. The decline is linked to the interruption of production in Libyan fields and the reduction of Iraqi exports.
Bitcoin +3% Failed cryptocurrency exchange Mt Gox has postponed plans to return assets to creditors by a year, allaying fears of a massive market sell-off.
Euro dollar little moved at 1.093 before the meeting ECB on Thursday: Almost all bankers seem aligned on a 25bp denomination, another 25bp denomination is almost fully priced in December too.
Titoli a Wall Street
Boeing -2%, will cut its global workforce by 10%, or approximately 17,000 positions. The cost reduction comes as the plane maker grapples with an ongoing strike at its U.S. factories. “Our company is in a difficult position, and it is difficult to overstate the challenges we face together,” CEO Kelly Ortberg said in a memo to employees. Boeing also said it will further delay the launch of the 777X, the company’s newest plane that is already years behind schedule.
Goldman Sachs, Bank of America, Citi are among banks reporting quarterly results tomorrow
Las Vegas Sands -2%. The companies of the gaming hall companies are weak. Former judge Sam Hou Fai has been elected Macau’s chief executive. In his election speech, the politician said that his fundamental guideline will be the complete, accurate and constant implementation of China’s “one country, two systems” principle. At the end of the summer, Hou Fai said that the tourism and gaming sector in Macau had grown in a disorderly and “wild” way.
Tesla +1.5%, from -8.8% on Friday.
The stock exchanges of Europe proceed with a mixed tone, EuroStoxx50 index +0.1%. FtseMib +0.4%. Frankfurt Dax +0.2%.
The Paris stock market fell slightly, Cac40 index -0.2%. Luxury companies are down: Kering -2.3%.
In Asia, the Shanghai Composite index closed up 1.90%. Further information in the Facts & Effects section.
Securities on Piazza Affari
A2A +1%, reaches the highest levels of the year.
MPS Bank -1%. According to rumours, Finint is working on a consortium of Italian investors interested in acquiring around a fifth of the capital. Barclays has eliminated its potential stake in the bank, according to the latest Consob findings.
Campari +0.5%, Citi reduces the target price by a few cents to ten euros.
Cir +5% It is close to the price of the partial voluntary takeover bid announced by the company on Friday evening with the aim of canceling the shares. The offer concerns 12.5% of the remaining capital at a price of 0.61 euros with a 7% premium on Friday’s closing price for a total outlay of 80 million euros. Following the offer, the Board of Directors ordered the interruption of the ongoing treasury share purchase plan.
Eni +0,5%.
Ferrari +1,5%.
Leonardo +2.6%, the signing ceremony of the birth document of the 50% joint venture with Rheinmetall should be tomorrow, Il Sole24Ore wrote on Saturday. The new company is expected to initially focus on the supply of armored vehicles to Italy.
Moncler -1%.
