Piazza Affari accelerates: Ftse Mib +0.7%, technology companies do well

Piazza Affari accelerates more than half an hour after the close of trading in a context of general improvement in European and American stock markets. The lower-than-estimated figure on new US jobs leads investors to believe that the Fed will not raise rates at the next Federal Committee on October 28th. The Ftse Mib index gains 0.7% to 50,570 points and the spread between BTPs and German Bunds falls to 115.9 points, with the Italian annual yield falling by 8.6 points to 4.6% and the German one by 6.1 points to 3.44%.

Technoprobe (+6.05%) and STM (+5.86%) stand out together with their European rivals, in the wake of the leap of AMD (+4.68%) and Intel (+4.1%) on the Nasdaq. Prysmian also stands tall (+4.93%), also exposed to the artificial intelligence and data center sector. Cement stocks performed well with Buzzi (+2.74%) and Cementir (+1.3%), positive Stellantis (+2.6%), on the long wave of car sales. Ferrari, on the other hand, is more cautious (+0.7%). Also growing are Enel (+2%), Snam (+1.66%) and Italgas (+1%), which arrives in Portugal. Eni rose (+0.75%) despite the drop in crude oil (WTI -4.5% to 88.7 dollars per barrel and Brent -3.1% to 99.14 dollars per barrel). Fincantieri (-3.88%) is under pressure, banking companies Bper (-1.7%) and Banco Bpm (-1.08%) are weak. More cautious Intesa (-0.65%), Unicredit (-0.6%) and Mps (-0.35%), Mediobanca stable (+0.04%).