european stock markets are weak (follow the progress here indexes), and cautious after some uncertainty early on, and after the strong rise of the vigil. To influence the sentiment of investors, a mix of factors, starting from the signals of stabilization coming from the chinese economy, with Gdp in the third quarter rose 6.7% from the previous quarter and in line with expectations and industrial production, which is slightly lower than the estimates. Moreover, the markets see it as increasingly likely that a rise in interest rates by the Fed in December, although given the recent data, we expect a very gradual for the subsequent moves. This evening will be published the Beige Book of the Fed, which is expected a picture of an economy in moderate growth. Tomorrow, however, the appointment with the Ecb, which will give guidance on the continuation of the program of purchases of securities.
Mps does not close to the proposal of Plaice
In Milan, the Mps continues to run
At the sectoral level (follow the progress here of the portfolios) in Europe are weak to the securities of telecommunications, while purchases will reward you for raw materials driven by higher crude oil and technology. Among the quarterly highlights, the giant of the semiconductor Dutch Stadion has said to expect gains in line with the best expectations in the fourth quarter. At Piazza Affari Banca Mps still on the shields after the jump of more than 12 points of eve, in the aftermath of the board of directors has examined the proposal for a Plaice and has confirmed the timing and the guidelines of the industrial plan which will be presented on the 24th of October. In contrast, the other banks, Ubi Banca and Bper in the rise and the other more moderate, while the oil salt Saipem with Goldman Sachs, which confirmed the judgment on the ‘buy’ on the title by improving the target price to 12 months. Purchases from the Italian post after the weakness of eve, while the company is ticking on the closure of the consortium for Pioneer. In the queue to the list of Cnh Industrial and the Triad.
After the collapse of oil, the arrival of the “jumbo bond” of Saudi Arabia
the weak Dollar after inflation in the Usa, salt oil
On the currency market, the dollar still weak in the major currencies (follow here the cross in the dollar on the other currencies and the euro, after the data on inflation yesterday, which has seen prices growing less than expected for the given ‘core’, purified, that is, from food and energy. After the spread of the data, are down expectations for a rate hike by the Fed in December, which, however, remain prevalent. The euro/dollar yesterday she tried to go temporarily over quota 1,10, but this morning is trading just below this area. A strong appreciation yesterday the pound, with the exchange rate against the euro back below the level of 0,90, waiting for today’s speech of May and the chancellor Hammond (here the cross the sterling/dollar). This morning the british currency folds compared to the levels of yesterday. The price of oil (follow here the trend of brent and wti) rose after the advances on data on stocks Usa that speak of a sharp decline in reserves, the weekly and the expectations that somehow Russia will cooperate with OPEC to reduce production. Slight gain for the precious with the gold just above $ 1260 an ounce.
(Il Sole 24 Ore Radiocor Plus)
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