Piazza Affari returns to growth, bad Amplifon

After yesterday’s down session, Piazza Affari is back in slightly positive territory, as are most of the European stock exchanges. Among the macroeconomic data, the one on inflation in Germany stands out, which should slow down in November compared to October. Investors are also boosted by positive markets in China given the possibility of an easing of Covid restrictions. The euro is stable, back above the dollar. Gas around 130 euros per megawatt hour, given the colder temperatures that threaten methane storage.

All eyes are now on the Eurozone inflation figure, which will be released tomorrow. The day on which the update on American GDP will be announced and there will be a speech by Fed chairman Jerome Powell, who can anticipate the next economic policy moves of the US central bank. In Milan, the Ftse Mib gains 0.10% and closes at 24,465.95 points. The spread between the German BTPs and Bunds clearly fell, settling at around 182 basis points. The yield on ten-year bonds also fell slightly, around 3.8%.

Oil sector stocks are recovering on the main index of Piazza Affari, given the rise in crude oil prices in New York. Eni gains 1.27%, Tenaris 2.92% and Saipem 4.18%. Bankers follow in the performance with a plus sign. Intesa SanPaolo rises by 0.87%, Bper by 0.44%, Banco Bpm by 0.64%. Positive results also for Poste (+0.90%) and Unipol (+1.28%). Erg makes its debut on the Ftse Mib in place of Atlantia with an increase of 1.89%.

At the end, however, Amplifon (-3.25%), which marks a real slide. Tim was also bad (-2.33%), with market fears on the possible further difficulties in closing the game of the single goal. Lastly, Campari (-1.62%), Diasorin (-2.01%), Inwit (-1.53%), Nexi (-1.93%), Terna (-1.04%) and Unicredit (-1.07%). (in collaboration with Money.it)