Stock market: Milan sluggish (-0.1%), Moncler and Banco down, Cnh good

Assobibe, Italians against the sugar tax (ANSA)

(ANSA) – MILAN, 09 NOV – Piazza Affari confirms itself to be sluggish after more than 3 hours of trading (Ftse Mib), with the spread between German BTPs and Bunds stable at 113.1 points and the annual yield on ten-year bonds down by 3 , 8 points to 0.853%. Moncler sold (-2.32%), after a Goldman report on the possible difficulties for the luxury sector in China in 2022, and Banco Bpm (-1.73%). On the other hand, Unicredit did well (+ 1%) after the sale of the entire stake in Yapi to Koc in Turkey. In light of Cnh (+ 1.58%), on the long wave of quarterly accounts and in view of an acceleration of orders in the heavy vehicle sector.

More cautious Stellantis (+ 0.68%) and Tenaris (+ 0.55%) together with Eni (+ 0.2%), with crude oil rising above 82 dollars per barrel (Wti + 0.5% to 82 , $ 33). Effect of quarterly accounts on Brembo (+ 0.93%), while Mediolanum (+ 0.54%) has yet to disclose them. Sales on Ferrari (-1.15%), Nexi (-0.74%), Enel (-0.81%) and Tim (-0.75%). A negative sign also for Recordati (-0.46%), Intesa (-0.42%) and Mediobanca (-0.46%). Among the smaller capitalization stocks, ePrice is highlighted (+ 7.2%), after the slide last November 2nd and the rebound the following day. (HANDLE).

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Source From: Ansa

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