Apple waited for the new year to pierce the three trillion dollar share. Since 2011, Apple's turnover has grown fourfold. And it took just over two years to increase the stock market value by a trillion dollars. But it takes more to keep the operators open-mouthed. Elon Musk succeeded: in the last quarter Tesla (+13,55%) registered 380 cars, without suffering delays due to chips and bottlenecks. In 2021, the ceiling of one million deliveries was thus exceeded, an exploit which, judging by the market trend, also put competitors in a good mood: thanks to Musk, the electric car promises to speed up the times in Europe too. The leap in US technology and the good data from European industry were joined this morning by good news from the East.
EVERGRANDE REBOUNCES, TIGHT ON THE QUOTES OF CHINESE TECH IN THE USA
Real estate Evergrande (+4%) gets its head back on track after yesterday's suspension. The company communicated its intention to dialogue with all creditors and to resume activities. The other companies in the sector listed in Hong Kong made a strong recovery. Technological companies are declining: from today, stricter rules are in force for companies with a billion users who intend to be listed on the US market.
The Csi 300 index of Shanghai and Shenzhen fell after an unexpected mini-tightening of liquidity. The PMI index (50,9, one point more than in December) signals the recovery of manufacturing.
The other Asian stock markets are running behind the push of Wall Street: Tokyo opens 2021 with an increase of 1,7%, Sydney +2%. The rally in Mumbai continues, +0,5%. Singapore +1%.
S&P OPENS WITH A NEW RECORD, THE T-BOND WALKS
New records in the air in the USA. The S&P index (+0,6%) marks a new high. NASDAQ +1,2%. Futures anticipate an upward start.
Opposite climate on the bond market. On the eve of the publication of tomorrow's Fed minutes, bonds experienced one of the worst sessions in the last ten years: the 1,63-year bond jumped to 1,50% (from XNUMX%).
Gold also fell sharply (-1,5%).
The probable confirmation of the increase in production being examined today by the OPEC summit does not move oil, which moved slightly around 76 dollars in the WTI version.
EUROPE: MANUFACTURE SPEEDS UP, ITALY LEADS
Well begun is half done, says the well-known proverb. And, from this point of view, the first test of the year could not have gone better for manufacturing in the Eurozone. The PMI manufacturing index rises to 58, largely above the 50 mark, which separates growth from stagnation, only marginally held back by the bottlenecks that have held back the economies of the Old Continent in recent months. "It's a sign that the supply crisis is easing," said Joe Hayes, an economist at IHS Markit. In this context, Italy continues to shine, at 62, just below the November record of 62,8.
YIELDS ON THE RISE, THE BUND AHEAD OF BTPs
Signs of restlessness on the debt front continue to appear. The tensions start from the US square, awaiting the publication tomorrow of the minutes of the December meeting of the Fed: the 1,6-year bond travels above 0,8%; the two-year bond (the most sensitive to changes in short-term rates) moved much less at XNUMX.
The 1,19-year BTP rises to 0,13%, less than the Bund, traded at -5% (against German inflation above 132%). The spread d narrows to XNUMX points.
FULL GAS PLACE OF BUSINESS (+1,4%)
Full throttle start for stock lists. Milan, after the record performance of 2021 (+23%) restarts at the head of the European markets: +1,4%, at 27.730.
Close behind are Paris and Frankfurt, both +0,9%. Financial and auto pull the sprint. In great evidence are the shares of the airlines, in particular Air France and Lufthansa, promoted by Citi. In flight Airbus: more than 2021 aircraft were delivered in 600. Still closed London, Madrid and Amsterdam are close to +0,7%.
IVECO COLLAPSES AT DEBUT, CNH ALSO SUFFERS
Iveco took care of spoiling the party in Piazza Affari, which collapsed by 10% on its debut on the price list after the spin-off from CNH Industrial (-2,26%). Most analysts (Banca Akros and Intesa, among others) confirmed the buy, but revised the target price downwards.
STELLANTIS IS LONGING, DESPITE FALLING SALES
Exor can console himself with the leap forward of Stellantis (+3,855%) not at all touched by yet another negative figure for sales in Italy: -23,7% at the end of the year compared to 2019.
TELECOM SUPERSTAR, CDP DOES NOT CLOSE AT KKR
In the spotlight Telecom Italia (+3,43%). The president of Cdp, Giovanni Gorno Tempini, reiterated the urgency and the need to proceed with an agreement on the single network. In this key there are no foreclosures of any kind, least of all with regard to KKR. On the telecommunications front, Linkem's entry into Tiscali (+12,64%) should be noted, from which the fifth Italian operator in the sector will be born.
SPARKLING BANKS, ENEL AS WELL
The banks are bubbly under the pressure of rising interest rates: Bper, Intesa and Bpm travel with increases of around 3%. Energy price increases push Enel instead: +2,12%.
Fiera Milano (+5,03%) is still worth mentioning, after compensation was paid to the institution for lost revenues of 50 million for the years 2020-2021.
IERVOLINO CONQUERS BFC: TAKEOVER BIDDING
Bfc (+15%) goes into orbit in the EGM after the sale of 51% to the Iervolino group. A tender offer is expected at 3,75 euros, 24,3% more than the last price.
