On the positive side during the first part, Piazza Affari was pushed down in the afternoon by the conflicting indications coming from the US labor market: in November the balance of payrolls in the non-farm sectors (so-called non-farm payrolls) showed an increase of 210 thousand units, less than half compared to the consensus, while the unemployment rate, expected to fall from 4.6 to 4.5 per cent, is back to 4.2%.
“From a stock market perspective, the moderate pace of job growth is a positive thing, as it could cool wage growth and hence inflation, which is the main risk to valuation. of the stock market, ”commented Matt Peron, research director at Janus Henderson. “So, on balance, the market is likely to welcome the report, especially in light of the recent robustness of other economic indicators.”
At Piazza Affari, the Ftse Mib closed the week at 25,938.52 points, less than 0.26% compared to the previous figure, while pending Fitch, the BTP-Bund spread fell by almost one percentage point to 131 basis points. The agency currently evaluates our “BBB-” credit rating with a stable outlook.
Among the stocks most penalized on the blue chip basket are Nexi (-3.05%), Telecom Italia (-2.23%) and Stellantis (-1.16%). Negative session also for Enel (-0.97%) while the trio formed by Italgas (+ 1.08%), Snam (+ 0.96%) and A2A (+ 0.79%) supported the trend of the main index of the Milan stock exchange.
Order spread also in the oil sector with -0.78% of Saipem, + 0.29% of Tenaris and + 0.59% of Eni. Following the OPEC + decision to continue with the progressive increase in output (+400 thousand barrels / day), the Brent futures are recording an increase of 2.4% to 71.3 dollars.
The top performer palm goes to UniCredit shares (+ 1.09%) while Recordati scored a half percentage point red (-0.52%) after the announcement of the acquisition of Eusa Pharma for a value of 750 million. EUR. (In collaboration with money.it).