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European stock markets cautious in crucial week for US, Fed and quarterly elections

European stock markets showed little movement at the start of a crucial week for the US elections, the Fed meeting and the start of the quarterly reporting season. Furthermore, the meeting of the Standing Committee of the National People’s Congress (NPC) in China began today, from which new measures to support growth could arise.

On the macroeconomic front, the contraction in euro area manufacturing continues in the fourth quarter, with October production volumes declining for the nineteenth consecutive month, according to the Hamburg Commercial Bank-S&P Global survey.

No significant changes forEuro / US Dollarwhich trades on the day before at 1.089. Substantially stable theorowhich continues the session at the levels of the day before at 2,733.6 dollars an ounce. Strong earnings day for the petrolium (Light Sweet Crude Oil), in rialzo del 2,59%.

Slight worsening of spreadwhich rises to +126 basis points, an increase of 2 basis points, with the yield of the 10-year BTP equal to 3.68%.

Among the European price lists without ideas Frankfurtwhich does not show significant changes in prices, substantially tonic Londonwhich records a capital gain of 0.58%, and remains stable Pariswhich marks almost nothing accomplished.

Il Milanese price list shows a timid gain, with the FTSE MIB which is achieving a +0.21%, while, on the contrary, colorless FTSE Italia All-Sharewhich continues the session at 36,841 points, on the previous day’s levels. Without direction the FTSE Italia Mid Cap (+0.01%); along the same lines, almost unchanged FTSE Italia Star (-0,09%).

Between the best performers of Milan, highlighted Stellar (+1,21%), Saipem (+0,72%), Brunello Cucinelli (+0,66%) e ENI (+0,61%).

The strongest sales, however, occur at STMicroelectronicswhich continues trading at -1.51%. Disappointing I connectedwhich lies just below the levels of the day before. Lame Unipolwhich shows a small decrease of 0.52%.

At the top among Italian shares a mid-cap, Desio and Brianza Bank (+3,70%), Philologists (+2,81%), Juventus (+1,98%) e Ferragamo (+1,70%).

The worst performances, however, are recorded on Digital Valuewhich obtains -2.19%. Negative session for Moltiply Groupwhich shows a loss of 1.74%. Modest descent for Rai Waywhich drops a small -1.49%. Thoughtful D’Amicowith a fractional decline of 1.20%.

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