Direct from the markets | Ftse extends with Mib Tim and Iveco, Brent crosses $83
European stock markets are widening their stride thanks to this success (+0.52% Dax, +0.76% Cac40, +0.67% Ftse100), including Milan, +0.81% Ftse Mib at 10:50 25,753 items. Tim (+3.65%), who is awaiting reorganization with the only certainty that the government wants to bring the network under public control, and Iveco (+3.92%), which has signed a contract to supply up to 150 fully electric E-WAYs. Busitalia city buses. Wall Street futures traded flat ahead of the week’s highlight: December US inflation expected to slow from +7.1% in November. The 10-year Treasury is yielding 3.53% and the 10-year Btp is yielding 3.97%, below the psychological threshold of 4% (difference to the Bund at 186 basis points). The euro-dollar exchange rate rose slightly (+0.10%) to 1.076. Brent oil was 83.42 dollars/barrel (+0.91%) for the sixth day in a row, while European gas rose 2.8% to 67.18 euros per MWh.
09:05 FTSE Mib rises on US inflation expectations, Btp falls below 4%.
European stock markets are off to a good start (+0.20% Dax, +0.40% Cac40, +0.37% Ftse100 and +0.41% 25,650 points Ftse Mib) which is probably the most important trading session rather than the publication of macroeconomic data. Indeed, the release of statistics at 2:30 p.mUS consumer price index December was consistently stable and +6.5% on an annual basis.
Piazza Affari at the peak of performance in 2023
Integrae Sim’s Fabrizio Barini said, “If confirmed, it would be a signal that inflation has peaked without any surprises.” At the same time, claims for unemployment benefits are expected to decrease in the United States. A stream of news that could affect Wall Street’s performance (Dow Jones futures -0.06% and S&P500 -0.05%). quarterly earnings season. “Therefore, we will see a consolidation of the current trend in stock exchanges, where the growth segment is the main protagonist, with the Nasdaq gaining 3.85% since the beginning of the year, outperforming the S&P 500 and the US. Dow Jones,” Mr. Barini predicted. But surprise, he added: In 2023, we find Piazza Affarini in the first place for the exitFtse Mib +7.8%, surpassed only by the Swedish Stock Exchange in Europe, which rose 8%. Pending the ECB’s economic bulletin, the Btp/Bund spread is slightly higher at 186 basis points, with the 10-year Btp yielding less than 4% (3.94%).
Shopping at Enel, Tim, Iveco and Trevi in Milan
The best stocks on the Milan Stock Exchange are Enel (+1.35% to €5.70), Tim (+1.38% to €0.25), Cnh Industrial (+1.40% to €15.93) and Iveco (+2.38% – 6.71 euros). . Eni (+0.49% to 14.31 euros), Banco Bpm (+0.34% to 3.56 euros) and Pirelli (+0.26% to 4.57 euros), which posted on January 11, also rose. commitments related to sustainable goalsDespite a crowded primary market, there is strong demand. However Net inflows from Banca Generali in December (+0.17% to 34.4 euros). 640 million euros, the total value since the beginning of the year has exceeded 5.7 billion euros. In addition, Trevi’s capital increase ends (+2.46% – 0.3535 euros)This decision is part of a wider activity aimed at strengthening the company’s capital and restructuring its financial debt. The subscribed new shares amounted to more than 161.3 million euros, and the counter value was about 51.13 million euros. Finally, Racing Force lost 2.26% to 5.20 after they managed to finish placement of new shares at €5.15 eachthrough an accelerated book building process to raise €10 million to fund growth.
08:00 Europe expected positive, today will tell whether the Fed is able to control inflation
European stock markets expected a positive (up 0.37% in Eurostoxx50 futures) at the beginning of the session, amid a positive sign on Wall Street (-0.04% in Dow Jones futures and -0.02% in S&P500 futures). Government bond yields remain tight US 10-year yield at 3.53%, finally at 2:30 p.m. while waiting to know if the Fed has been successful in easing monetary policy. inflation is expected to fall to 6.5% in December (against 7.1% in November) and at the same time prevents a very sharp increase in unemployment. At the same time, weekly jobless claims (estimated at 215,000 vs. 204 last week) will be released.
The Fed will remain restrictive
“Although Christmas shopping will affect consumption, it is possible that price growth will slow down more than expected,” said Cfo Sim’s Antonio Tognoli. Even if the predictions are confirmed, “However, we do not expect the Fed to change its stance.that monetary policy will therefore remain restrictive. After all, Powell reiterated, reducing inflation will require “unpopular choices.” However, the decline in inflation dynamics is good news for markets that see the specter of stagflation fading. “Further increases in nominal interest rates and lower inflation will bring real interest rates into positive territory in 2023, gradually restoring a healthy economic balance after several years of being negative.” “Different members of the FOMC have applied several times.”
Mini-dollar and bitcoin are above 18,000
Please wait at 10:00 ECB Economic Bulletin, the 10-year Btp yield fell to 4.042%, the euro-dollar pair changed hands at 1.076 (+0.06%), while bitcoin gained 4.12% to $18.156, its ninth straight session and two-month high. Oil held its breath with Brent at $82.69/barrel (+0.02%). Gold hit a new medium-term high at $1,885 an ounce (+0.36%).
In Milan, the focus is on Eni, Banco Bpm, Pirelli and Trevi.
On the Milan Stock Exchange, attention is focused on Eni, Banco Bpm and Pirelli, which listed their shares on the Milan Stock Exchange on January 11. commitments related to sustainable goalsDespite a crowded primary market, there is strong demand. However Banca Generali net income in December It amounted to 640 million euros, the total value since the beginning of the year was more than 5.7 billion. In addition, Trevi’s capital increase is overThis decision is part of a wider activity aimed at strengthening the company’s capital and restructuring its financial debt. The subscribed new shares amounted to more than 161.3 million euros, and the counter value was about 51.13 million euros. Finally, Racing Force completing the race placement of new shares at €5.15 eachthrough an accelerated book building process to raise €10 million to fund growth. ()