Closing of the session in solid positive territory for the European stock exchanges, pushed during the second part by a Wall Street reassured by the indications coming from the job market. In October, the unemployment rate of the leading economy fell from 4.8 to 4.6 percent while the balance of envelopes in the non-agricultural sectors, the notorious non-farm payrolls, was positive for 531 thousand units (consensus 455 thousand).
“The figures suggest that the American economy is showing an improvement in the world of work and more and more workers are demanding a higher wage,” commented Filippo Diodovich, Senior Market Strategist of IG Italia. “The increase in consumer prices – continues the expert – risks being fueled not only by the increase in the prices of raw materials but also by the growth in inflation expectations” given that “with central banks that are not very credible in their commitment to price stability and inflation could further increase ”.
The last session of the week of the Ftse Mib closed at 27,795.93 points, + 0.99% compared to the previous figure. The best performances were recorded by Telecom Italia and Banco BPM, up by 4.76 and 5.03 per cent respectively.
“With reference to today’s press rumors about possible corporate structures relating to the network, TIM specifies that the matter has not been discussed by the Board of Directors nor have any decisions been made in this regard”. This is what is reported in a note issued by the telecommunications group following the rumors that emerged yesterday regarding the resumption of contacts, with TIM which would be ready to give up control of the network, with Open Fiber.
The bank recorded a net profit of 472 million at 30 September, + 79.8% compared to the same period of 2020, and announced that it expects a profit above 1 billion by 2024. Day of accounts also for Leonardo ( -1.42%) which closed the nine months with revenues up 6% to 9.6 billion, while orders increased 9% to 9.3 billion.
A fluctuating session after the accounts also for Enel, which however managed to close the session with a plus sign (+ 0.58%). The giant led by Francesco Starace between January and September showed revenues up by 17.1% and a drop in net income of 8.5%. A new contract in the United States allowed Prysmian to finish up 1.62%.
The BTP-Bund spread remained stable at 115 basis points. In the evening the appointment is with the Moody’s agency, called upon to comment on our creditworthiness: currently the rating assigned by the agency to Italy is Baa3 / stable. (In collaboration with money.it)
Source-www.adnkronos.com