Direct from the markets | Ftse Mib pink shirt in Europe. Good Bper and Saipem. A slight fall in the euro
In the middle of the session, Ftse Mib consolidated its rebound (+0.54% – 24,967 points), ahead of all other lists of the Old Continent, which continued its division growth: at 1 o’clock Cac 40 increased by 0.31%, Ftse 100 by 0.27%, Dax remained at parity. Across the ocean, the Wall futures Street traveled on the other hand (+0.13% for the Dow Jones and -0.22% for the Nasdaq).
Despite falling headline inflation in the euro area in December hard core – separated from energy and food prices – fell from 5% to 5.2% in November. According to Ing’s experts, the stability of this index also has positive effects and allows the euro to stop its losses against the dollar. According to the monetary analyst Chris TurnerConcerns about core inflation keep prices “quite sticky” due to expected eurozone interest rate hikes. That, along with “good energy markets,” prompts Ing experts to be “cautious in predicting significant losses” for the single currency, currently at $1.0489.
11:25 a.m. Piazza Affari re-energizes after single-digit inflation in eurozone
At 11:25 a.m., Piazza Affari started to regain its tone after the publication of the euro zone inflation figure for December, which was lower than the previous month and below analysts’ expectations, and the Ftse Mib rose 0.3%. Saipem (+2%) and Fincanrieri (+1.4%).
European stock markets, meanwhile, were midway through the month, weighed down by Wall Street futures, which fell slightly on expectations of other important data on the agenda today. It shed light on the Fed’s tightening trajectory.
10:00 – Piazza Affari nervous after German macroeconomic data. Sales are increasing at Btp and Stellantis, Tim
At 10:00, the Ftse Mib started to fall (+0.11%), with the spread rising to 204.38, while the 10-year Btp saw its yield fall to 4.36% from 4.30% at 10:00 am thanks to macroeconomic data from Germany . Wall Street futures were flat after a positive start.
In Piazza Affari, purchases were concentrated on Telecom Italia (+2%), Bper (+0.9%), Banco Bpm (+0.7%). Sales are higher at Stellantis (-1.8%).
Website Factory orders in Germany November fell 5.3% month-on-month, the biggest drop since October 2021 and below the market forecast of 0.5%. The figure follows growth that fell to 0.6% in October amid a global economic slowdown. Foreign demand decreased by 8.1%. domestic demand increased by 1.1%.
9:05 – Good opening of Piazza Affari due to low inflation in the Netherlands
Piazza Affari opens positive on Friday, January 6, with the Ftse Mib up 0.5% on positive data on low inflation in the Netherlands. Highlighting banks starting with Banco Bpm (+1.5%), Unicredit, (+1.4%), Bper and Intesa Sanpaolo.
is the annual inflation rate in the Netherlands It decreased to 9.6% in December 2022 from 9.9% in November.according to initial assessment. This is the lowest inflation since June, when energy prices rose less (30.0% vs. 41.3% in November).
Besides, non-energy industry goods (8.7% vs. 7.2%), food products, beverages and tobacco products (12.9% vs. 14.0%) and services (4.6% vs. 4.4%) prices continued to increase. CPI adjusted for other European countries rose 11.0% year-on-year, slowing from the 11.3% increase recorded in November.
8:30 European stock markets are expected to be positive. Daily macroeconomic data on inflation and employment
Eurostoxx 50 futures are positive (+0.4%) at 8:30 AM this Friday, January 6, despite a glorious close on Wall Street. Asian stock markets performed well today despite the huge liquidity influx from the People’s Bank of China. Nasdaq futures, in turn, were above par (+0.34%), while gas traded on the Amsterdam TTF on Friday lost half of the previous session’s gain (-5.5% at 68.5 euros).
Markets await the euro zone inflation figure for December, as well as the retail sales, 11:00 a.m. figures and the US jobs figure, which could shed light on the Fed’s tightening trajectory.
Friday futures Wti raw It rose above $74 a barrel (+74.12, +075%), extending the previous session’s gains, when official data from the Energy Information Administration (Eia) showed that US fuel inventories fell sharply after last week’s winter storm in the US.
Be careful in Piazza Affari…
UniCredit Bank Unicredit’s German subsidiary, Ag, has issued a €1bn mortgage-backed bond.
As for Bologna airport, the annual number of passengers increased by 107.1% compared to 2021 to 8,485,290, but decreased by 9.7% compared to 2019, the last pre-Covid year. ()