Stock market: Europe cautious in the final with Wall Street, Milan +0.3%

The main European stock markets are moving cautiously at the end, with their eyes on the mid-term US elections and the diplomatic attempt to resolve the crisis in the Middle East. Milan gains 0.33%, Paris floats at parity, while London (-0.9%), Madrid (-0.65%) and Frankfurt (-0.15%) lose. In New York the Dow Jones limited the decline to 0.18% and the Nasdaq accelerated (+1.07%).

The decline in crude oil (WTI -0.8% to 95.7 dollars per barrel) and gas (-4.6% to 90.5 euros per MWh) widened, while government bond yields increased. In particular, the spread between German BTPs and Bunds drops to 112.8 points, but the Italian annual yield gains 1.7 points to 4.4%, the German one 2.3 points to 3.31% and the French one 3 points to 4.92%. Gold rose (+0.74% to 3,934.44 dollars an ounce) and the dollar changed hands at less than 1.12 to the euro. Instead, the pound rose to over 1.34 dollars.

Effect of quarterly accounts on Ferrari (+3.4%), Lottomatica (+2.25%), Intesa (+1.35%), Pfizer (+0.63%), British American Tobacco (-1.5%), Bayer (+4.35%), Philips (+5.75%), Coca Cola (-1.95%), Lufthansa (+4.46%) and Hugo Boss (-1.54%).