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by Fabrizio Patti

23 November 2021 The stock exchanges on the final worsened throughout Europe, they all closed down with the exception of London (+ 0.15%).

Especially bad was that of Milan, with the Ftse Mib closing at -1.62%.


On Wall Street, the Dow Jones index rose slightly (+ 0.09%), while the Nasdaq of technology stocks was still down, as yesterday (-1.06%).


In addition to the worries about the pandemic, this weak trend is the effect of the reappointment of Jerome Powell as head of the Fed, the American central bank.

There will not be a governor more inclined to keep expansionary policies in place, as the progressive wing of the American Democratic Party was asking.

Now analysts are expecting a rate hike in mid-2022.


This raised the yield of the ten-year US government bond by 13 basis points (1.653%), but also by 15 basis points that of the ten-year Italian BTP (1.05%). The spread with the German Bund rose to 128.


In Piazza Affari Tim -4.72% after yesterday's race. Vivendi, the first shareholder, today reiterated its opposition to the offer of the American fund KKR. The company, a spokesperson said, "is a long-term investor in TIM and does not intend to divest its stake".


While the Minister of Economic Development, Giancarlo Giorgetti, said that "the government will rightly assess the public interest underlying a network that also has strategic profiles when the takeover bid takes place and when the plan is detailed".


Among other stocks, it drops by more than 2% for 15 stocks.

The biggest drops, besides Tim, were for Moncler, StMicroelectronics, Campari and Banca Generali.