BORSA ITALIANA TODAY / HUI / Piazza Affari looks at 19,500 points (November 5, 2018)

BUSINESS SQUARES WATCH 19,500 POINTS

Today's opening is a serene start to the week from a macro-economic point of view. In the morning, the only outstanding data is the evolution of the unemployment rate in Spain, the index of procurement managers of the service sector in Britain and, although less important but overall Eurozone, the Sentix Index on investor confidence, which is expected to fall in November compared to the previous detection. The US macroeconomic agenda was slightly richer with the Markit PMI composite index and the tertiary managers' purchasing index, which were stable compared to September, while the ISM index for non-manufacturing employment, the ISM for new non-manufacturing orders, the non-manufacturing ISM index is expected to fall from October.

A positive week that ended last Friday with the last day of negotiations during which the Ftse Mib still saw the plus sign on its list. In addition, for the second consecutive session, the Italian stock market was the best among the main European markets with a progression of 1.07% to 19.390 points, dividing by two the gains in the final, the maximum of Friday being 19.529. points, because of the negative performance of Wall Street, determined by the decline of Apple. In Europe, trends in Dax in Frankfurt, CAC in Paris and Ibex in Madrid were similar, but they all closed below, but almost half a percentage point. The only exception is the London FTSE, which closed in negative territory at -0.29%.
Among the best-performing stocks, FCA has shown that it continues the path followed Thursday after the good news regarding registration and sales data. On Friday, car sales data was released in the US and the stock closed at + 4.1%. The spread has also decreased and banks have benefited naturally, with significant advances such as those of Bper (+ 4.06%), Banco Bpm (+ 3.64%) and Unicredit (+ 3.22%). . Luxury positive with Moncler (+ 5.2%) and Ferragamo (+ 2.15%) in the light. The gap between 10-year Italian BTPs and German Bunds fell below 287 basis points.