Stock markets rising in Europe. Cars go up, fine Fca

2 'of reading

Positive European exchanges with investors who put aside the tensions of the eve, between the clashes in Hong Kong and the Volkswagen alarm, and go back to buying. The theme of trade remains at the center of attention, with a substantial lack of clarity on the outcome of the talks between the United States and China and with rumors leaked by both parties that however add nothing to the substance. Meanwhile, the Trump administration has given a new 90-day extension to technology companies to do business with Huawei, a sign of detente to China.

In this context, equities continue to rise and reach new highs: the Msci World Index rises by 0.1% and thus touches the highest level since January 2018 while the Euros Stoxx600 is at its highest since July 2015. In the Old Continent's stock bounce cars after the weakness of the eve and the profit Volkswagen warning, which today is among the best titles in Frankfurt. To push purchases in the sector, the good performance of October sales figures, which in general recorded an increase of 8.7% after the 14.4% boom in September. However, the budget since the beginning of the year remains in the red. As for Fiat Chrysler Automobiles, new car registrations increased by 2.5% in October with increases for all the Fca group brands, but even in this case the 2019 balance sheet is still in the red. Azimut stocks are well-bought at Piazza Affari, the rise of Bper Banca stands out among the banks, while on the market a consolidation in the sector involving Ubi Banca and Banco Bpm continues, even if the governance problems remain, as pointed out the CEO of Ubi Massiah in an interview with Sole 24 Ore: "We need serious analysis because history shows us that not all aggregations have been successful", he said. However, the entire banking sector is on the rise while the utilities remain behind.

Meanwhile, on the Asian markets the lists have closed the day contrasted. Negative was the Tokyo Stock Exchange, which closed down half a percentage point as did Seoul. On the other hand, all the Chinese markets were positive in the wake of the expansive measures decided by the central bank: the Csi300 index closed trade higher by 0.97% while the Hong Kong's Hang Seng gained 1.3% despite the tension remains high in the country.

On the government bond market, the day opened up positively for BTp with the spread on German Bunds slightly down compared to yesterday's closing. To favor purchases on Italian stocks is probably the chronicle of the Ilva crisis. If last week the news of the closure of the plants had caused the differential to rise, bringing it back to the highest levels since August this morning, the suspension of the stop to the blast furnaces could attenuate the tension on the country risk.

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