Positive Piazza Affari awaiting the Fed

Positive closing for Piazza Affari pending indications on the monetary policy moves by the Federal Reserve. Tonight from Washington, the institute led by Jerome Powell should announce the start of tapering, the gradual withdrawal of emergency purchases. The plan, currently at $ 120 billion, is expected to drop by $ 15 billion a month. “Starting tapering is the first step on the long journey to a rate hike in 2022,” said Simona Mocuta, chief economist at State Street Global Advisors. “Even with tapering and rate hikes on the horizon, the macroeconomic policy framework is confirmed as a major support factor.” Ferrari (+ 3.99%) the day after the presentation of the quarterly accounts and the increase in guidance. Positive day also for Exor (+ 3.42%), Leonardo (+ 2.5%) and STMicroelectronics (+ 1.61%). A plus sign also for Stellantis (+ 0.46%) despite the update relating to registrations, which fell by 41.7% in October (-35.7% for the Italian market). , 4%) on the day of the presentation of the numbers as at 30 September: in the quarter the last line of the income statement amounted to 983 million euros, against the approximately 800 million estimated by analysts. Over the nine months, the net profit was equal to 4 billion euros, the low peak of the minimum target set for the whole of 2021. The Board of Directors has approved an interim dividend of 0.0721 euros per share which will be assigned on the 22nd. November 2021. The sharp decline in crude oil, the future with January delivery drops by 3% to 82.1 dollars a barrel, penalized the trio formed by Eni (-1.28%), Tenaris (1.28%) and Saipem (-0.81%). The minus sign for the BTP-Bund spread returns, down 2.45% to 120 basis points. (in collaboration with money.it)