MILANO – European stock exchanges restarted positive in the last session of the week despite fears about the spread of the pandemic and the risks linked to inflation. Good support comes from the Asian sector which benefits in the morning from the maxi stimulus plan of over 400 billion euros that the prime minister is preparing to launch Fumio Kishida. Only Hong Kong moves against the current, closing down weighed down by the collapse of Alibaba. The e-commerce giant released a very disappointing quarterly report with July-September earnings dropping 81% to 5.37 billion yuan ($ 833 million). The group founded by Jack Ma also revised its revenue target downwards due to the slowdown in the economy and Beijing’s tightening of the technology sector. Similar decreases are also recorded on the futures of Wall Street, another financial center where the company is listed.
Europe, as mentioned, starts to rise. Milano salt of 0.42%, London grows by 0.32%, Frankfurt advances by 0.22% e Paris 0.43%. Meanwhile, the city is preparing to say goodbye to Ryanair: as anticipated in the last few weeks, the Irish carrier announced the delisting from the British Stock Exchange from next December 17th.
It spread between ten-year BTPs and German Bund counterparts, it opens at 118 points, slightly down on yesterday’s closing. The yield of the Italian stock falls to 0.918%. Among currencies, theeuro it is little moved compared to the dollar: the single currency marks 1.1356, with a minimum variation of -0.13%. On the yen theeuro it appreciated slightly at 129.83.
Among the macroeconomic data, Istat reports a slight improvement in industry turnover in September, which grew by 0.1% on a monthly basis and by 15.2% in trend terms. In the third quarter the overall index shows an increase of 2.4% compared to the previous three months (+ 3.0% on the domestic market and + 1.5% on the foreign market).
The prices of the Petroleum after yesterday’s 6-month low. Contracts on the reference WTI crude oil change hands at 79.83 dollars per barrel (+ 1.04%); Brent rose 0.9% to 81.94 dollars a barrel
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