Wall Street rebounds at the start, while the main European lists confirm their weakness and close today's session not far from parity, with trading limited by the semi-festive atmosphere of the Immaculate Conception.
Business Square marks a mini loss of 0,14% (24.207 points), supported by oil stocks, but held back by weighty stocks such as stellantis (-2,73%) And Post (-1,8%). In the rest of the continent it is flat Frankfurt, it is appreciated Amsterdam +0,21%, they retreat Paris -0,2% Madrid -0,79% and London -0,22%.
On the foreign exchange market theeuro trades above 1,055 against the dollar.
Among the raw materials the Petroleum has reversed direction and is moving lower, after a tonic morning that had seen it move away from the lows of a year touched in recent days. Brent is now down 1,1% and trades at 76,32 dollars a barrel; Texan crude dropped 0,58%, to 71,59 dollars a barrel.
We appreciate the gas, with Europe still divided on the extent of the price ceiling. During the day, methane remained above 150 dollars per MWh.
The eighth is therefore proceeding with difficulty, waiting for the important appointments next week, with consumer prices in the stars and stripes on the agenda, which will be followed by the meetings of the Fed, ECB and BoE in the following days.
Lagarde: risks for financial stability in Europe
Meanwhile, today the number one of the European central bank Christine Lagarde recalled that the current uncertainty (due to a series of chain shocks such as the pandemic, war and the energy crisis) “poses significant risks to financial stability in Europe. Risks heightened by a weakening economic outlook." At the same time, "monetary policy is adjusting to ensure that high inflation does not consolidate and returns to 2% in the medium term".
Among the macroeconomic data of the day, it should be noted in the US that requests for unemployment benefits last week rose by 4 units to 230, in line with analysts' expectations.
Piazza Affari well Stm, Moncler, Saipem
Various titles were fighting for the pink jersey in today's stage in Piazza Affari. In the end, the queen of down jackets prevailed, Moncler +2,41%, driven by the Chinese change of course on the zero Covid policy, which partly compensates for the fears of a recession, after the alarm raised by the large US investment banks .
Oil stocks rise again, after the losses of the last few sessions: Saipem + 2,08% Tenaris + 1,24% Eni + 0,66%.
stm appreciates 2,02%, in line with the rebound in technology stocks globally (Nasdaq +0,92%) and today's good customer performance Apple Lossless Audio CODEC (ALAC), (+ 1,2%)
Among the utilities it stands out Ivy +1,96%, while losing ground Italgas -1,08% A2a -1,02% Enel -0,96%.
Among the worst blue chips of the day there is Poste Italiane, -1,8%, also weighed down by the cut of the JP Morgan recommendation to 'neutral' from 'overweight', with the target price reduced to 10,8 from 11 euro.
The cut in the target price (to 16,5 from 17 euros) again by JP Morgan also weighs on Generali -0,69%.
Bad the automotive with stellantis -2,76% and Pirelli -1,04%.
Goes down campingi -1,08%.
The banks are little moved and not too worried about the possible solidarity contribution on the government table to reduce the POS commissions paid by the merchants. The worst big is Out of the main basket, however MPS falls by 3,27%.
It revives there Juventus + 2,76%.
Spreads up
After yesterday's gains, the Italian card closes in the red. The spread between 10-year BTPs and Bunds with the same duration, it rises to 187 basis points (+2,99%), with rates slightly up to +3,68% and +1,82% respectively.
