For Piazza Affari the session closed in negative territory, in the face of the uncertain start of Wall Street. Caution has prevailed among investors, with investors continuing to watch inflation, the rise of which could pose a challenge to economic recovery, forcing central banks to raise rates earlier than expected. In Milan, the day ended with the Ftse Mib index which lost 0.59% to 27,661.82 points, one of the worst financial markets in the Old Continent, after the weak performance of the eve (+ 0.07% to 27,824 points).
Among the individual titles, DiaSorin (+ 0.8%) was highlighted, which is supported by the news of the increase in infections from Covid-19 in Europe. The best today are Hera (+ 1.6%) and Amplifon (+ 1.1%).
Unchanged Prysmian. The latter welcomed the decision of the European Commission to impose anti-dumping duties on imports of fiber optic cables from China. In a note, the Italian group active in the energy and telecommunications cable systems sector indicated that the European Commission has decided to impose anti-dumping duties between 19.7% and 44% on imports of fiber cables. optics from China. The heavily subsidized Chinese optical cable industry has benefited from an unfair competitive advantage which has allowed it to significantly increase exports to the EU at significantly lower prices in recent years. The CNH Industrial stock (-1.2%) was also under the lens, which announced the ambitions to 2026 of Iveco Group, the subsidiary which, thanks to the spin-off operation, therefore with the demerger, will become “a leading global company in the Commercial & Specialty Vehicles (commercial and special vehicles), Powertrain and related Financial Services sectors “. The spin-off, it was again specified by CNH, will become effective starting from 1 January 2022: subsequently on 3 January 2022, the first session of the year for Piazza Affari, Iveco will make its official entry on the Stock Exchange.
In announcing the objectives for 2026, Iveco announced that it expects total net revenues from industrial activities to be between € 16.5 and € 17.5 billion, compared to € 11.8 billion in 2019; that the adjusted EBIT margin of industrial activities will be between 5% and 6% (3.6% in 2019) and that the adjusted net profit will fall within a range of between 0.6 and 0.8 billion euros, compared to to € 0.3 billion in 2019.
Weakness for the securities of the oil sector of the Ftse Mib, in particular Eni and Tenaris which lost 1.7% and 2.7% respectively, affected by the weakness accused by oil prices. And on the day of the publication of the data on registrations in Europe, Stellantis remains unchanged. According to the data released by Acea, the auto group born from the merger between FCA and PSA closed the month of October with registrations in Europe down by 31.6% to 165,866 compared to 242,476 units a year ago. The October market share went from 21.5% to 20.8%. Looking at the trend in the first 10 months of 2021, Stellantis has seen sales rise by 3.2%.