Stock exchanges enthusiastic, Wall Street push continues

2020-11-05T18:08:35.495Z

Strongly rising closings for all European stock exchanges, driven by the enthusiasm with which Wall Street is experiencing the probable resolution of the electoral race. Markets appear to be appreciating Biden's approach to the White House. Milan ends at + 1.93%, Frankfurt at + 1.98%, Paris at + 1.24%, while London slows down and drops only + 0.33%. In Piazza Affari, Tenaris shines, up by 13.66% after the presentation of the results of the third quarter, but more generally the protagonists of the session are the industrialists. Banks also did well thanks to the sharp drop in the spread, to 126 basis points (yield down to 0.63%). Wall Street is proceeding decidedly toned: the Dow Jones gains nearly two percent and the Nasdaq 2.32%. Strongly recovering euro is trading at 1.1814 against the dollar.