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by Fabrizio Patti Milano17 October 2019After the progress made in recent days, the European stock exchanges opened in the name of prudence and of attending: Milan and Frankfurt are flat, Paris slightly negative, London slightly positive.
His eyes are on Brexit, in conjunction with the European Council that will take care of the issue. For days the progress in negotiations has pushed the recovery of the pound towards the dollar: 4.65% in the last week, reducing the drop of the last six months to 2 points. Today abrupt reversal, -0.30%, after the Unionist Party of Northern Ireland reiterated that it did not support the draft agreement with the European Union.
But the data coming from the United States also dictated the mood of the markets. Consumption in September was weaker than expected: -0.3%, against the + 0.3% expected and the previous + 0.6%. Wall Street fell slightly yesterday and pressure on the Fed to lower rates at next week's meeting rises.
This morning the bags in Asia are not very big, with the exception of Hong Kong, which rises by half a point.
If you look further, in the last week the Ftse Mib of the Milan Stock Exchange has risen by 4.20%. Progress is 22.4% since the beginning of the year.
Today the best stocks are Poste, Diasorin and Terna, with progress of just over 1 percent. Mib Campari, Tenaris and Saipem close the list of the Ftse.