European stock exchanges warned after US inflation, Iveco IPO takes center stage in Milan

European stock exchanges warned after US inflation, Iveco IPO takes center stage in Milan

(Il Sole 24 Ore Radiocor) Sit on a gesture of caution European stock exchanges On the heels of a higher-than-expected rise in US inflation and on a day marked by a fresh batch of quarterly accounts. In Piazza Avari FTSE MIB It finished the day with a margin of 0.32% gain. Among the Milan stocks with the highest capitalization, industrial name The Dutch authorities celebrated the green light for the listing of Iveco on the stock exchange, which will be separated from the group and will start trading in Milan on January 3 next year. Also good Nixi, rewarded by publishing quarterly accounts, while announcing balance sheet statements led to gains Interpump Group After the stock has jumped more than 85% in the past year.

In the November 10 session, European indices resisted data on US inflation, which rose above expectations in October (+6.2% y/y), which could prompt the Federal Reserve to increase the tapering level, or cut. Buying securities to support the economy. However, not only did the rise in consumer prices rise alarmingly abroad, the figures for China and Germany were also high. In this context, in Europe, we also look at the numbers of Covid-19, which are increasing with some countries pushing for the third dose of the vaccine and there are those who are launching restrictive measures for those who have not been vaccinated.

Stock Market Trend FTSE Mib

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Nexi tip after calculations, Interpump jingle

Among the headlines on Avary Square Nixi The pace was lengthened after computations for the first nine months of 2021 were published and estimates for the full year were confirmed. also appeared industrial name After approval of the prospectus for the listing of the Iveco Group, the company resulting from the division of the group’s activities between highway and off-road. general Even after posting accounts while they had the opposite sign Italian PostWhich issued the quarterly report before the markets opened. Below, the price list has gone down Interpump Group, which after the quarterly accounts were cut off by Equita to “keep”. in the spotlight Telecom Italia On the day the board of directors was asked by French contributor Vivendi to “set the course for the preparation and participation of the 2022-2024 Strategic Plan” and stated that “there are no ongoing negotiations on the network or other strategic assets.”

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In Europe bad tourism addresses, good ArcelorMittal

Among the main European stocks, Sika in Zurich jumped 10.39% after the agreement to buy mbcc Group for 5.2 billion euros. In Paris, Renault left 4.01% on the ground after Germany’s Daimler announced it was putting up its 3.1% stake in the French car group. Even worse went to Alstom (-6.11%), where it was affected by profit taking after the jump following yesterday’s announcement of half-year data. The growth of new Covid cases in Europe also dragged down tourism-related stocks: Air France-KLM left 3.46% on the ground, Airbus 1.29% and Aeroports de Paris 1.72%. On the other hand, ArcelorMittal did well, rising 3.66% after reporting its “highest profit since 2008” for the third quarter. In London, Burberry lost 5.36% due to slower numbers in the second quarter of the year, mainly due to difficulties in the Chinese market. Johnson Matthey reached its peak (-19.07%), who announced the abandonment of the battery market for electric cars.

BTP/Bund spread trend

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