The malaise of the financial markets due to US inflation being more lively than expected lasted only one day: today the European stock exchanges, which close in fractional progress, and Wall Street regains the plus sign after the losses of the day before. Furthermore, tensions on government bonds are easing.
Stock market, closing on 14 February: London stands out with stable inflation
Milano it appreciates by 0,63% in line with Paris + 0,68% Frankfurt + 0,39% Amsterdam +0,12%. The best is London + 0,76% with theBritish inflation stopped at 4% in January against expectations of a new surge. A figure that has brought some relief on both sides of the Atlantic, while awaiting the Fed's most awaited inflation index, the PCE one which will be released at the end of February.
The quarterly season also continues, between lights and shadows. Today it is in the darkest area Heineken (-6,31% in Amsterdam) after announcing a drop in net profits of 14,1% to 2,30 billion euros. The accounts are heating up Cnh (+3,6%) in New York, after 2023 revenues of 24,68 billion dollars (+5%) and a net profit of 2,383 billion (+17%). Fly Lyft (+29%), on profits above estimates and is following suit Uber (+12,5%). Movements on mega tech, with Nvidia which once again surpasses Amazon in capitalization, becoming the third largest US company by market value.
In Piazza Affari the accounts are improving Interpump (+ 5,33%).
Piazza Affari driven by Leonardo, Nexi, Interpump
Business Square closes at 31.329 basis points, supported by the rise of Leonardo + 6,06% nexi +4,22% and Interpump.
On Leonardo Banca Akros raised the target price to 21 euros from 18 euros, also confirming the Buy recommendation. Furthermore, it is enough to look around and see NATO's ambitions on military spending by member countries to realize that the sector is experiencing a great season. Add to this that the ad Roberto Cingolani A question was asked today about possible interest in 's defense vehicle unit Iveco (+1,43%) and the manager responded that there has recently been contact between the two companies, but that any decision will be made keeping “money and technology” in mind. The defense company will finally publish the results at the end of February and the industrial plan on March 12. However, Leonardo is also driven by the European reaction to the provocations of Donald Trump, with the chancellor Olaf Scholz who stated that companies in the sector can count on the fact that the government will increase military spending.
As for Nexi, the digital payments company's stock partly owes its surge to the rumors of Corriere della Sera on an offer of approximately 800 million for the national interbank network received from the F21 fund.
Today there are also many financial stocks among the best blue chips of the day: it is confirmed on the charts Ps, +2,85%, under the spotlight since the quarterly report and thanks to the return to profit, with the CEO Luigi Lovaglio who today at Corsera stated that the return to the dividend brings the Sienese bank into a new normality.
Also good Unicredit +1,28%, on new eight-year highs. Jefferies raised the target price of the stock to 41,60 euros. Bper instead it loses 1,12%.
In managed savings they rebound Banca Mediolanum +2,18% and Azimuth + 1,31%.
Sale Telecom +1,93%, on the day of presentation of the preliminary results for the 2023 financial year and following what Reuters wrote, namely that the EU regulator would like to 'ease' the rules on mergers for mobile telecommunications .
It is appreciated cucinelli + 1,95%.
On the negative page of the list, the most penalized securities are Saipem -0,55% and Pirelli -1,17%, on gains after recent gains. They retreat Tenaris -0,54% and Campari -0,47%.
Outside the main basket, the Biscione stocks are highlighted: Mfe A +3,32% and Mfe B +2,84%, after the quarterly report of the German subsidiary ProSiebenSat.1 (+12,47 in Frankfurt).
The spread goes down
The more relaxed climate can also be seen on the Italian secondary school, where the spread between 154-year BTPs and Bunds it fell to 3,86 basis points, with rates falling to 2,32% and XNUMX% respectively.
Tomorrow the EU Commission will publish forecasts for GDP and inflation.
Currency, euro-dollar stable, bitcoin soars
Il dollar deflates slightly against the yen and other major currencies. L'euro it preserves an exchange rate above 1,07% and moves slightly higher.
What made the news today was above all the bitcoins:, which also exceeded 52 thousand dollars, the highest since 2021, and then decreased to the 51.534 area. The return of the cryptocurrency to a capitalization exceeding one trillion dollars is pushing everything that revolves around it, starting from the trading platform Coinbase (+ 9%).
Among the raw materials, the Petroleum, Brent April 82,41 dollars per barrel (-0,43%). Finally the gas in Amsterdam below 25 euros per MWH, for the first time in over two years.
