Piazza Affari pink jersey of Europe, good Tenaris

Opening of the week on the rise for Piazza Affari, which stands out in Europe together with the Madrid Stock Exchange thanks to the good result of government bonds and in the wake of the positive trend of Wall Street. In the United States, the manufacturing SMEs index in September performed better than expected, demonstrating some resilience of the American economy. The Ftse Mib closed gaining 1.57%, at 20,972.57 points. The spread between German BTPs and Bunds fell sharply, below 235 basis points, but also the yield on the ten-year bond, below 4.5%.



On the main list of Piazza Affari, the rise in the price of oil pushes Tenaris (+ 6.90%) and Eni (+ 3.04%). In fact, OPEC + is moving towards a significant cut in crude oil production to bring the indices back up and the indiscretion alone was enough to strengthen Brent and WTI. In addition, the top management of Tenaris revised the estimates on margins for the second half of 2022. Mediobanca (+ 2.83%) and Banco Bpm (+ 3.30%) are doing well in the credit sector and utilities are recovering: Enel earns 3.15%, A2A 2.17%, Hera 0.55%. Positive also Unicredit (+ 2.39%), Terna (+ 2.43%), Tim (+ 3.00%), Snam (+ 3.16%), Poste (+ 2.05%), Intesa Sanpaolo (+ 1.83%) and Stellantis (+ 1.97%). This in a session of high volatility for bank stocks.

After the great race last Friday, however, Banca Generali drops (-3.99%). Saipem (-0.44%), Recordati (-0.29%), Moncler (-0.05%), Amplifon (-1.86%), Campari (-1.84%), Diasorin also reported negative results. (-0.70%), Ferrari (-1.02%) and Fineco (-0.55%). (in collaboration with Money.it)



Source-www.adnkronos.com