Weak closing for European stock exchanges, the Nasdaq weighs and Milan closes at -0.9%
European stock markets weak in the end with EU consumer confidence falling beyond estimates to -28.8 points. US price lists are weak, starting from Nasdaq (-1.5%)the Dow Jones is more cautious (-0.4%). Milan drops 0.9%, London 0.98% and Madrid 1.2%. Weaker Frankfurt (-1.55%) and Paris (-1.6%). Government bond yields rose, starting from those of the United Kingdom (+17.4 points to 4.39%) and the USA (+16.6 points to 3.69%).
They go up less in France, Germany and Italy . The differential between ten-year German BTPs and Bunds settled at 221.3 points. The euro resisted and remained above par at 1.018 dollars and 1.037 Swiss francs. Crude oil (WTI + 0.55% to 83.39 dollars per barrel), which returns below the 84 dollar threshold, reduces the price, while natural gas rises by 1.25% to 187.51 euros per MWh at Ttf Amsterdam for October deliveries, again under 190 euros.
In Business Square Unicredit continues to run (+ 5%), driven by the words of the CEO Andrea Orcel, who is preparing to raise the estimates for 2023. Fineco (+ 4.21%), Bper (+ 2.86%) follow. , Banco Bpm (+ 1.78%) and Intesa (+ 0.88%). Also in light Sabadell (+ 4.76%), Commerzbank (+ 2.1%), SocGen (+ 1.69%) and CaixaBank (+ 1.56%).
Resist i petroleum Bp (+ 0.42%) and TotalEnergies (+ 0.12%), while Shell (-0.02%) and Eni (-0.15%) did little change, which turned negative. On the other hand, Saipem shines (+ 4.12%), in view of possible new orders in wind power in Scandinavian waters. Semiconductor manufacturers slip Infineon (-4.26%), Asml (-4.79%), Stm (-5.67%) and Asm (-6.34%).
The automakers are also weak Stellantis (-2.58%), Mercedes (-2%), BMW (-1.6%) and Renault (-1.1%). Cautious Volkswagen (-0.22%), instead holds Porsche Holding (+ 0.82%) in view of the landing of Porsche Ag on the Frankfurt Stock Exchange on September 29th.
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