Business Square today's session closes with an increase of 0,46% (at 32.706 basis points), still an interlocutory day for equities, while bonds shine with orders for the new Btp Value which, half an hour after closing, reached 11 billion euros on the second day of placement.
The trend of European stock exchanges it improved slightly in the afternoon, after the start of Wall Street, cautious while awaiting the PCE data on inflation, the most important one for the Fed and which will be announced on Thursday. The next day it will be the euro zone's turn to shed light on the price trend in the bloc in February.
In an apparently rigid climate, in any case, many stock markets in the world are at the top (including Tokyo) and Frankfurt, +0,74%, however, updates its historical high, led by Infineon (+4,05%) and with German consumer confidence data slightly improving. It also goes up Paris +0,23%, while they are flat Amsterdam e London and step back Madrid -0,24%.
Bitcoin still in shape
The other markets are also little moved these days. In the flat panorama, however, the surge in cryptocurrencies is noticeable, with the bitcoin at the highest for two years at 57.170 dollars on buying signals from large operators. Thus securities linked to digital currencies and listed on Wall Street, such as Coinbase, Marathon Digital e Riot Platforms, they earn between 0,6% and 5%.
On the foreign exchange market theeuro-dollar is flat around 1,084, while the US currency weakens slightly against the yen after core consumer inflation in Japan beat forecasts and January durable goods orders in the US fell more than expected.
And among the raw materials the Petroleum he moves uncertainly between money and letters. Between the attacks in the Red Sea and the prospects of a truce in Gaza, Brent is currently appreciating by 0,8% to 83,18 dollars a barrel.
Piazza Affari, Saipem, STM, Campari doing well, the banks down. Among the mid caps, Technogym is falling behind
Piazza Affari today moved in the wake of Saipem + 4,26% stm +4,15% and Campari +2,99%. The beverage company presented a quarterly report that positively surprised with 2023 sales and stable profit, with a dividend of 0,065 euros per share, up 8,3% compared to the previous year.
Prysmian, he filed the progress to close colorless. What brought the stock to a record high during the session was the announcement of a contract for one contract worth around 1,9 billion awarded by Eastern Green Link 2 Limited.
Also Ferrari it reached an all-time high of 391,80 euros and then fell back (+1,25%) to 389,20 euros.
Among the worst blue chips of the day are banks starting from Bpm bank -1,63% and Bper -1,34%, while profit taking made itself felt Leonardo -2,35%.
Outside the main basket, Technogym (-3,86%) suffers from the relegation of Banca Akros to "sell" from "neutral", on the risk of "disappointing 2023 results".
Stable spread after confirmation of the rating by Dbrs
The spread between the Italian ten-year bond and the German ten-year bond does not reserve any surprises even today and is confirmed at 146 basis points, with rates at the previous levels of 3,88% and 2,42%.
Meanwhile, the Dbrs Morningstar agency confirms the BBB (high) rating for Italy with a stable trend. This is what is reported in the "Global 2024 Sovereign Credit Ratings Outlook" in which Dbrs explains that "the risks for credit ratings are balanced" and that "the support impulse deriving from the implementation of the National Recovery and Resilience Plan in the coming years will attenuate probably the slowdown of the economy”.
