Wall Street weak after Powell's words. Nvidia worth $5,000bn, first in the world
Finecobank in Milan (+0.2%), Moncler down. Gold at 4,000 dollars, oil on the rise
Le ultime da Radiocor
Mps: Orcel, nessuna trattativa con Delfin su loro quota (RCO)
*** Commerz: Orcel, su dialogo aperti a concessioni, accordo ci sara'
*** Borsa Tokyo: Nikkei chiude a +0,46% grazie a titoli tech, +4,4% Seul
(Il Sole 24 Ore Radiocor) - The betters on the Fed rate cut and the positive expectations on Big Tech accounts, driven by the race for artificial intelligence, did not affect the European stock markets which closed a session marked by what will happen with the markets closed. The timetable, after the end of trading in the Old Continent, included a quarter-point cut in the cost of money in the US, then the words of Chairman Jerome Powell on the future trajectory of rates (made more uncertain by the absence of macro data due to the prolonged "shutdown") and, finally, the quarterly reports of the tech trio Alphabet, Meta and Microsoft.
Against this backdrop, the European stock exchanges closed with little movement: Milan +0.2%, Paris -0.2%, Frankfurt -0.6%, Madrid +0.4%, Amsterdam +0.1% and London +0.6%;
In Milan Finecobank tops, Moncler slides
In Milan, Finecobank (+3.5%) stood out at the close, while the focus remained on the banking sector, in the wake of Deutsche Bank's better-than-expected accounts. Among the best stocks in Piazza Affari were Bper Banca (+2.6%), Banco Bpm (+1.2%) and, on the other hand, Amplifon (-2.3%), Ferrari (-2.2%) and Campari (-2%).
But the queen of the session, as mentioned, is Fineco. For analysts, the company is promoted to Overweight with a target price of EUR 25 for three reasons: the current level of rates is ideal to allow it to grow rapidly with reasonable costs. Then the opportunities related to ETFs and artificial intelligence are leading to accelerating structural changes in Italy, which Fineco seems best placed to seize. And finally, say Barclays, 'the next catalyst should be the first business plan in Fineco's history'.
On the other hand, Moncler (-3.7%) was at the back of the pack, following the release of third-quarter revenues, despite the fact that they were slightly better than expected. Group revenues came in at EUR 615.6 million, down 1% at constant exchange rates compared to the same period of 2024, doing little better than the consensus of around EUR 604 million.
