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Stock market 22 February: Piazza Affari at a 15-year high and Nvidia stuns the markets

The Tokyo stock market sets records, surpassing the barrier of 38.915 points, 34 years after the real estate bubble. While Milan has once again surpassed the highs of the last 15 years, driven by the banks. Tenaris in the spotlight

Stock market 22 February: Piazza Affari at a 15-year high and Nvidia stuns the markets

“Demand for our products continues to grow at astronomical rates.” As Jensen Huang the number one of Nvidia presented yesterday quarterly of the artificial intelligence giant which has doubled its sales in the last three months and is preparing to do the same in the coming quarters. “Our only concern – said the scientist-entrepreneur – is to meet the requests arriving from all over the world”. Thus the worry of Wall Street: Nvidia's rally, +9% tonight after the boom in results (from 7 to more than 20 billion dollars, +265% in three months) is destined to last. The performance is all the more welcome because it coincides with the passing of a historic threshold: tonight the Tokyo Stock Exchange +1,6% exceeded the barrier of 38.985 points, record which had lasted for 34 years. An exploit linked, writes Reuter, "to low prices, market reforms and the escape from Chinese markets". To all this it is worth adding the golden season of Toyota +2,7% tonight, and by Softbank, large shareholder of Arm, Nvidia's competitor.

Asia rises, Wall Street accelerates

China's stock markets are positive. CSI300 of the Shanghai and Shenzen lists +0,5%. Hang Seng of Hong Kong +0,2%. In Asia Pacific, index Taiex of Taipei +0,9%. Kospi of Seoul +0,5%. The index opened lower BSE Sensex of Mumbai.

The banks drag Milan upwards

The Nvidia effect is also being felt in Europe. The European stock exchanges they open today in positive territory, with Business Square which continues its good momentum after having once again surpassed the highs of the last 15 years (over 32.000 points), a level not seen since June 2008. The banking sector, in particular, is recording a solid performance, returning to the levels of 2016

Milan's Ftse Mib index yesterday it once again surpassed the highs of the last 15 years, closing with an increase of 1%. Index Phase of banks Italians at levels not seen since 2016.

The US stock markets, yesterday uncertain as they awaited Nvidia's accounts, abruptly reversed course after Jensen Huang's words: Wall Street almost completely recovered its losses in the last half hour of trading. Nasdaq -0,3%. S & P 500 + 0,1%.

Il Ten-year T-bond rises to 4,36%, from 4,26% at the close. At last month's Fed board meeting, a significant number of members raised concerns about the issue possible cut in interest rates, emerges from the minutes released last night. A significant number of executives do not want to take the risk of starting too early and prefer to let prices consolidate.

The Fed minutes preach caution

“Most participants noted the risks of easing policy stance too quickly,” read the minutes of the January 30-31 meeting, published Wednesday with the usual three-week delay. Only two officials highlighted the risks “associated with maintaining an overly restrictive orientation for too long.”

Salt also the ten-year BTP to 3,95%, +10 basis points. Waist al 2,44%.

Euro dollar strengthening for the seventh consecutive session at 1,083.

Petroleum slightly higher than yesterday. WTI crude at $78 a barrel. Brent at 83 dollars.

Tenaris profits increase sharply

Tenaris, at the top of the Milanese list with earnings of over 8%, closed the fourth quarter with earnings per share of 96 cents, a sharp increase from 68 cents a year earlier, the consensus was 51 cents. Revenues -5,7% year on year to 3,41 billion dollars, consensus at 3,12 billion.

Excellent performance too stm (over 4%), Ps (over 3%) e Bper (over 2%).

Negative trades for the utility sector in Italy with Hera, Terna e Snam among the worst.

Unicredit (+1,12%) marked new highs since 2015.

Mediobanca (+0,24%). Delfin, the holding company of the Del Vecchio family, lost 0,12% between February 9 and 14, according to a stock exchange filing.

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