I European lists they closed the last session of the week with little movement, after a slowdown following the US employment report that was well beyond expectations. A fact that also disoriented Wall Street at the start, where however the Nasdaq is now running with the Meta boom (+ 21%).
Business Square adds 0,09% (30.717 basis points) to its substantial weekly haul (+1,86%), driven by stellantis (+2,31%) onhypothesis of an entry of the Italian State in the capital that perhaps the market believes in, despite the irony on the subject by the Minister for the Economy Giancarlo Giorgetti. They also shine Telecom (+2,16%) ed Ps (+ 2,12%).
In the rest of Europe Frankfurt 0,34% salt, Madrid of 0,51%, are flat Paris e Amsterdam. Back up London -0,2%, where the oil giant Bp fell 1,5% after closing its largest hydrocarbon refinery in the Midwest region of the United States.
Wall Street positive with Meta and Amazon
Overseas the DJ it's lukewarm, 0,16%, but they flare up S & P500 +0,93%% e Nasdaq +1,45%. It is the driving force Meta after the quarterly report beyond the expectations presented last night. The Facebook mom also announced hers first dividend and 50 million buybacks. It's also rallying Amazon (+8%) after the increases due to Christmas sales. However, it is weak Apple Lossless Audio CODEC (ALAC), (-0,4%), which also exceeded expectations with the quarterly report, but setting off alarm bells on iPhone sales and aiming for an overall turnover of 6 billion dollars lower than expectations, while its activities in China have suffered a serious blow. The title Tesla instead it lost 3,2% with the news of the recall of 2 million vehicles, almost all of its electric vehicles in the United States, due to the incorrect size of the characters on the warning lights which increase the risk of accident.
Work beyond expectations; dollar and T-Bond rates rise
The news of the day is the number of non-agricultural jobs created in the United States in December. The added payslips are the double than expected: 353 thousand compared to November, against expectations of 187 thousand. Furthermore the unemployment remained stable to 3,7%, against estimates for an increase to 3,8% and average hourly wages stood at 34,55 dollars, +0,6% on the month and +4,5% on the year (against estimates for a +0,3 monthly and +4,1% trend) after the +0,4% monthly and +4,3% trend in December.
In short, the US economy and work are still going strong, while wages are growing and this pushes away monetary easing, as Fed President Jerome Powell had already underlined in recent days.
The data puts the turbo to the dollar and bond purchases are slowing down, with T-Bonds seeing yields rise after the recent rally. At the moment the 4-year Treasury shows a rate once again above XNUMX%.
On the currency market theeuro retreats against the greenback for an exchange rate below 1,08.
Among the raw materials it goes oil down: Brent lost 1,77% and trades around 77,15 dollars a barrel.
Piazza Affari, profit taking on Ferrari
What remains in trouble today is the title of the red from Maranello, which yesterday it made a leap of more than 9% with the accounts and the arrival of Lewis Hamilton in the stable. Profit taking thus sank Ferrari, -1,7%.
Worst blue chip of the day though Saipem, -1,72%, which experienced a bad week due to an accident, while oil weakness spreads Eni -1,43%.
The biggest rise of the day is that of stellantis, also in light of the group's registrations in Italy, which rose by 13,1% in January, compared to a growth of 10,6% assumed by the market.
Telecom confirms itself among the protagonists of the period, after the new offer from the Ministry of Economy for Sparkle.
Le banks, little moved in the morning, have progressively recovered ground during trading to finally close with a good rise starting from Mps, Banco Bpm +1,48%, Bper +1,95%. Unicredit also did well, +0,6%, which will be the first to present its quarterly report next Monday.
Tenaris, +1,69%, stands out from other oil stocks as it was likely driven by the fact that French rival Vallourec believes its 2023 results will prove better than its expectations.
Out of the main basket Geox it loses 7,1%, on realizations after the 2023 results with revenues below expectations and cautious guidance for the current year.
Stable spread, rising yields
The closure is flat forbond: the spread between 161-year BTPs and Bunds is at 3,18 basis points, but government bond yields are also rising in the single currency area. The Italian bond is indicated at 2,2% and the Bund at XNUMX%.
