Today's volatility has not prevented the European stock exchanges to close the first session of the week in net rise, thanks to the propulsive thrust of Wall Street, in turn supported by purchases on Chip Titles at the service of theartificial intelligence. A sort of psychodrama about duties destabilized the European market for a while, but in the end it did not dampen optimism. The Washington Post in fact he has aired that the president-elect Donald Trump will impose tariffs on all countries, but looking only at critical sectors and this created a certain euphoria in the trading rooms, but then the Tycoon denied it and, for half an hour the financial sky clouded over.
Read EVEN Stock Market Today January 6nd Live
Brilliant Piazza Affari, while politics focuses on the Meloni-Musk affair
At the finish line of the day Business Square is one of the best and appreciates by 1,91% to 34.780 basis points, trailed by stm +7,9% and a series of rebounding stocks such as Stellantis + 3,91% Pirelli + 4,13%. Amplifon rises by 5,54%, also thanks to the promotion by Morgan Stanley which brought the target price to 34 euros from 33 euros. Luxury is doing well, with Moncler +4,16% and cucinelli +3,87% and banks are doing well starting from Unicredit +3,12%. Reductions instead for Leonardo, -0,69% and utilities, starting from A2a -0,83% and Hera -0,82%.
Trading on the Milanese market was still a little subdued, due to the banks being closed for the Epiphany holiday, but the tone remained high and the Meloni-Musk deal unveiled by Bloomberg has affected the political mood, but not the financial one. The agency believes that a Negotiations between Palazzo Chigi and SpaceX relating to a 1,5 billion deal for the provision of advanced security services in telecommunications. The government confirms the talks, but specifies that no agreements have been signed. The agreement should last 5 years and would kick off the largest project of its kind in Europe. Bloomberg there would also already be the approval of the Italian secret services and the yes of the Ministry of Defense. It should be noted that Elisabetta Belloni resigned in recent days, and will leave the top of Italian intelligence starting January 15.
Spreads down
The session appears favorable to the Italian card, with the spread with the German 112-year falling to 117 basis points from 3,58 at Friday's close. The yield on the XNUMX-year BTP is stable at +XNUMX%.
Positive Europe, Paris takes action
It regains altitude Paris, +2,24%, also thanks to the good data from China where the PMI services rose last month to 52,2 from 51,5 in November, registering the highest acceleration since last May.
Encouraging news in this area has also come from the euro area, where the services PMI returned to expansion last month, rising to 51,6 from 49,5 the month before. Italy fared better than many others, rising to 50,7 from 49,2.
The overall picture also favoured Frankfurt +1,58%, although consumer prices in December rose in Germany by 0,4%, for a +2,6% on an annual basis, above expectations. Even more important, from an ECB perspective, will be tomorrow's data on Euroland inflation.
While waiting Amsterdam earns 0,79% and Madrid 1,34%. She is more cautious Vienna, +0,32%, where the Austrian president Alexander van der Bellen has commissioned the far-right leader of the Freedom Party of Austria (Fpö) Herbert Kickl to form a coalition government after the failure of a centrist attempt to create a coalition without the FPÖ.
Off the block London 0,28%.
Wall Street Feasts on AI
Overseas Wall Street appears to be buoyant, in a week that will be marked by important data on employment, but also by the break on Thursday 9, a day dedicated to the memory of former US President Jimmy Carter. Among the stocks, those of semiconductor companies shine, after the Thai giant Foxconn has reported a quarterly with record revenues, a sign of the continued demand for artificial intelligence chips. Among others, the giant shines Nvidia, + 4,93%.
Euro recovers, chasing 1,04
After the losses of last week, theeuro it starts again against dollar and is trying to recover an exchange rate of 1,04, even if at the moment the single currency is trading at 1,039.
There is little impact on the Canadian dollar following the announcement of the Prime Minister Justin Trudeau's resignation expected, which appears increasingly unpopular at home. For the farewell to be effective, Canada will have to wait for its party to nominate a new leader. At the moment, the greenback is trading at 1,437 (down 0,5%) against the Canadian dollar.
The energy fire seen last week is also fading at the moment. The futures of the Petroleum they are little moved and the gas, in Amsterdam, is moving away from 50 euros and is just over 47 euros per mWh.
