Piazza Affari opens above parity on Wednesday, January 25 (+0.10% to 25,896), on the one hand, Wall Street futures were pulled down after Microsoft’s warning on sales for the first quarter of 2023 Tech giant Azure cloud He warned about his calculations. warned that revenue growth will slow and that software sales will slow further, fueling fears of a sharper decline in demand for products that have driven growth in recent years.
On the other hand, European gas traded in Amsterdam currently stands at €56 per megawatt hour, far from a peak of €340 in summer 2022.
At the beginning of the session, the market bought Saipem (+2%), Amplifon (+1.8%), Leonardo (+1.7%), Iveco and Finecobank (+about 0.9%), Telecom Italia (+0.5%) . . On the contrary, sales are concentrated on Diasorin (-0.8%), Stellantis (-0.6%), Nexi (-0.4%), Interpump, Banco Bpm (-0.18%).
8:30 – European stock markets are expected to be in the red, but EU gas continues to fall. Look out for Tim, Banco Bpm, Stellantis and Iveco
Asia performed well on Wednesday (Jan 25), hitting a seven-month high despite China being closed for the Lunar New Year holiday, but Eurostoxx 50 futures were slightly lower at 8.30am.
Microsoft’s warning of a drop in profits for the current quarter is weighing on the balance. Nasdaq futures are currently trading in the red (-0.65%), as is the S&P 500 (-0.4%). But good news comes from Europe: after -12% yesterday, on Wednesday the gas was traded on the TTF in Amsterdam decreased by 3.4% to 56.3 euros per megawatt hour.
About Wednesday macro calendarCurrently, the IFO index update on business expectations for January will be released at 10:00 a.m., and the Bank of Canada will announce its interest rate decision at 4:00 p.m. Consensus sees them at 4.50%, up from 4.25% previously. In the afternoon, the US EIA Oil Inventory Update will be released.
On Wednesday, due to Wall Street quarterly reports Boeing, AT&T, Tesla, IBM.
Be careful in Piazza Affari…
As he wrote MF-Milano FinanzaThe reduction of VAT for telecom operators from 22% to 10% could affect the EBITDA of about 1.4 billion companies, considering only the residential market (mobile and fixed) and not professional users. Simulations are complex to run, but the impact on EBITDA for Tim alone could be between 300 and 400 million.
Iveco busThe Iveco Group NV brand has signed a framework agreement with the Flemish public transport company De Lijn (controlled by the government) for the sale of the first batch of buses. 65 fully electric E-WAY city buses and other lots up to the total 500 cars. The buses will be used in several cities in Flanders. Deliveries will begin in 2024 and may last six years. Together, they will form Iveco Bus’ largest electric bus fleet.
Active Bank BpmGiampiero Maioli, chief executive of Crédit Agricole Italia, explained that the green bank is focusing on partnerships with bancassurance and will not provide a list when the board of directors is renewed. The French bank does not intend to exceed 10% of the Piazza Meda institution.
The holding increased the price of StilosaGeneral Voluntary Admission Offer at the address Nice shoes for 12.30 euros, and warrants for 2 euros.
American unit Stellantis announced a recall of 76,000 plug-in hybrid electric minivans due to a short circuit that could cause the engine to stall suddenly.
StMicroelectronics announces fourth quarter and January 26, 2022 board meeting scheduled for Wednesday, January 25, 2022. On the other hand, Tod’s is holding its sales council meeting for 2022 today.
Wall Street-listed group Ermenegildo Zegna issues a 2022 earnings statement on Wednesday (12:00), followed by a conference call (14:30). ()