Stock market: Milan cautious with Europe while waiting for the Fed, Fincantieri slips

Last day of the week without a precise direction on the stock markets of the Old Continent, with operators who now seem to be looking above all at the next moves of the US Federal Reserve.

The best stock market was that of London, which closed with an increase of 0.3%, followed by Madrid with an increase of 0.2%.

Milan and Paris grew by 0.1%, with Amsterdam flat and Frankfurt down by 0.2%.

Spread between 10-year German BTPs and Bunds dropped very slightly: the differential ended the session at 104 basis points compared to 105 at the start and the yield on the Treasury product showed little change at 4.41%. Euro slightly down against the dollar at 1.102.

In the energy sector, gas is down on the Amsterdam market: after the closure of the European markets and a swing session, the methane future for delivery in December marks a drop of more than two percentage points to 89 euros per megawatt hour. Uncertain oil at $88.5 per barrel in New York.

In Piazza Affari, among the main headlines were sales on Fincantieri, which lost 4.2% to 11.4 euros after the accounts released the day before. Unipol and Generali were also negative with their quarterly results, down 1.2% and one percentage point respectively.

On the other hand, Eni (+1.9%), Amplifon (+2.4%), Banca Generali (+2.9%) and Brunello Cucinelli rose by 3.2% to 87.8 euros.