MILANO – Positive oriented week end for European stock exchanges. The lists closed with a sharp rise, supported by the good pull of Wall Street, where yesterday the stocks of the technology sector were the protagonists, and where the results beyond the expectations of the US banks in their quarterly reports were well received. A performance that also pushed the Asian indices this morning, with Tokyo which ended the session at + 1.81%. Meanwhile, expectations are growing for Monday, when the data on Chinese GDP will be released in the third quarter: according to a survey conducted by Afp among 12 analysts, growth is expected to reach 5.0% on an annual basis for July-September, a sharp slowdown compared to the 7.9% recorded in the previous three months.
In Europe, the day is therefore positive. At the end of the exchanges, Milano marks a + 0.81%, London salt of 0.37%, Frankfurt 0.8%, Paris 0.63%. TO Business Square the spotlight is still on Leonardo, which attempts a timid recovery (+ 0.9%) after yesterday’s collapse generated by some manufacturing defects in Boeing 787s attributable to components supplied by the public subsidiary, which last night defended itself by stressing that the company that had materially produced the components is no longer supplier to the group.
The price lists of Wall Street: at the end of EU trade, the Dow Jones adds 0.8%, the S & P500 0.6% and the Nasdaq 0.3%. American investors register the unexpected jump of US retail sales in September, with a growth of 0.7% against the + 0.2% of forecasts. Meanwhile, the accounts of American banks continue, with results in strong growth: today is the turn of Goldman Sachs with net income leaping 63% in the third quarter to $ 5.28 billion, thanks to mergers and acquisitions and fundraising operations. Earnings per share rose to $ 14.93 from $ 9.68 last year. Analysts had expected an average earnings per share of $ 10.11, according to Refinitiv Ibes data. The bank’s revenue increased 26% to $ 13.61 billion, beating forecasts of $ 12.17 billion.
L’euro at the opening it was up, exceeding the threshold of 1.16 dollars for the first time in over a month, and closed stable. At the end of the session, it changes hands at 1.605 on the greenback. The single European currency stands against the yen around 132.40. The exchange rate of the Japanese currency slips on the thread of 114 against the stars and stripes currency, at 114.11. Bitcoin is back to close to 60 thousand dollars, protagonist of a race in these days. The spread between German BTPs and Bunds was little moved, marking a slight increase to 103 points, on the day in which the Treasury announces the fourth issue of the BTP Futura. Also noteworthy is the new record of public debt, while inflation in September – albeit slightly reduced compared to preliminary estimates – is at the top since 2012.
The Petroleum accelerates in New York, where prices rise by 1.4% to 82.42 dollars a barrel, to the highest intraday in 7 years.