(Il Sole 24 Ore Radiocor) – The European bags resumes to climb decisively, while gold does not stop and updates new records above $ 4,000 the ounce also on the spot contract. The climate of uncertainty remains the protagonist on the Evalu, with the political crisis in France and the Shutdown that continues in the United States, helping to make the economic framework less clear due to the Black out of the data. The attention will therefore be all episode on the minutes of the last Fed meeting, scheduled tonight, and on various interventions of members of the board during the week.
In this scenario, the FTSE MIB of Milan travels in the rise, as well as most of the other lists of the old continent. The unexpected drop in German industrial production in August (-4.3% on a month and -3.9% on year does not weigh on the Dax 30 of Frankfurt. The CAC 40 in Paris also well with a shy opening of the Prime Minister Sébastien Lecornu according to which an agreement on the budget could be reached within the year.
In Milan, Leonardo and Prysmian stand out, down ST and Stellantis
On the Milanese feature, Prysmian stands, thanks to the revision of the target price by Goldman Sachs analysts. Well Leonardo – Finmeccanica awaiting Germany’s green disc at a new Eurofighter order. Purchases reward oil, thanks to the raising of crude oil prices. Meanwhile, the banking sector on the eve under pressure with the Risiko in the foreground remains in focus. Down Stmicroelectronics in the wake of the chips in Asia and to the luxury titles, on the eve in the spotlight. Stellantis is also falling, in the wake of the strong drops of BMW after profit waring.
Euro to the $ 1.16 threshold. Greggio is raised
On the European macro front, a strong setback for German industrial production, which, together with the French crisis, still pushes the euro downwards on the threshold of 1.16 dollars. On the rise the gas, while oil climbs with the WTI above 62 dollars and the Brent around 66.
Light down spread
Light down the spread between BTP and Bund on the MTS electronic secondary. The performance differential between the ten -year BTP benchmark and the German bund of equal duration is attest to 84 basis pointsfrom 85 points of the previous closure. The performance of the ten -year BTP benchmark is also falling. The waste between Italy and France on the secondary market is zeroed, with the performance of the French Oat at the start of 3.53%, from 3.57% of yesterday’s closure.
