narrow escape, Biden absolves the Russia for the missile. The bull ready to go again. Futures up on European stock exchanges. Spread at 194 bps, Milan is at its highest since May.
"Looking at the trajectory, it is unlikely that the missile departed from Russia." Before leaving Bali the president of the United States Joe Biden he wanted to put out the beginning of a fire that threatened peace after two missiles fell yesterday evening in the territory of Poland, a NATO member country, killing two people in the village of Przewodów, on the border with Ukraine. According to initial reports, the two missiles may have come from Ukrainian territory, in response to the rain of more than one hundred Russian rockets that hit Kiev and other Ukrainian cities in the afternoon, largely without energy. In short, the situation remains dramatic, but the Apocalypse recedes.
• The Stock Exchanges are gradually acknowledging the feeling of narrow escape. index futures Euro Stoxx 50, which at dawn recorded a drop of 0,4%, have now recovered to +0,1%.
• The decline has held back the stock exchanges Pacific Asia. Hong Kong Hang Seng -1%. CSI 300 of the Shanghai and Shenzen price lists -0,3%. Kospi of Seoul -0,5%. Tokyo Nikkei +0,1%.
New signs of decline in US inflation, Nasdaq rises
• They also improve US derivatives. Yesterday, the first news from Poland curtailed the gains of the S&P +0,87% and the Dow Jones +0,17%.
• In recovery on Nasdaq +1,4% on the wave of new signs of lower inflation: in October, producer prices in the United States increased by 0,2% month on month and by 8% year on year, better than expected .
Wal Mart runs, Tom Ford changes hands for 2,3 billion
• On the price list, note the excellent performance of Wal-Mart +6,5% which announced a new buyback and retail securities.
• Big shot of Estée Lauder which acquired Tom Ford's company for 2,3 billion dollars beating competition from Kering.
• Little moved i Treasury at 3,80%. The rush to the dollar of the night re-enters. But the cross dollar zloty, the Polish currency, is up 0,6%.
• Spotlight today on the data of retail sales in October: expectations for a recovery of 1%.
Trump is a candidate, Murcoch turns his back on him
• Missiles in land of Poland have obscured the effect of the announcement, however taken for granted, of the Donald Trump's candidacy for the race for the White House in 2024. "The return of America begins today", he began in front of the cameras, before boasting his successes and blaming Joe Biden for a country now "in decline, humiliated and mocked on the international scene ”. But The Republican Party is divided, the Florida Governor Ron DeSantis, his main potential rival, attacked him shortly before the event accusing him, without naming him, of the Republican flop in the Mid Term elections. Above all, however he weighs the coldness of Rupert Murdock. According to the Guardian, the tycoon who controls, among other things, Fox TV, warned Trump that will not support it in his attempt to return to the White House, preferring DeSantis.
Milan at the highest since May, Btp at 4,04%
• European openness, it has been said, will be influenced by geopolitical fears, but the Toro, barring new surprises, seems capable of continue its journey. In fact, Europe continues to grind gains. The FTSEMIB (+0,4%, 24.699) scored leighth consecutive hike, moving to new tops from the end of May.
• The bullish trend also applies to the bond market; The ten-year BTP restarts from 4,04%. The spread it tightens to 194 basis points, the lowest level since July.
• Closed with orders from just over 2,2 billion euros il second day placement (for retail investors) of the eighteenth issue of Btp Italy. The total for the first two days, 5,428 billion, is slightly lower than the previous issue in which orders for the first two days were close to 6 billion.
• To follow today the data onBritish inflation in October: +11,1%, up from the previous 10,1% and beyond expectations, still at +10,7%. It will be presented tomorrow new tax law which should cancel many measures announced by the previous premier Truss, providing for tax increases and spending cuts.
The rise in gas continues, oil slows down
• Petroleum down 0,5%, from +0,7% yesterday. It is falling today as cases of Covid 19 in China have continued to rise, prompting concerns about lower fuel demand from the world's largest importer of crude oil. This factor outweighed worries about an escalation of geopolitical tensions.
• The European gas yesterday it rebounded by another +9% to 124 euros per kWh, +25 euros in three sessions projecting greater demand due to lower temperatures in the coming months. The watch level is at 130 euros.
Bitcoin, even 100 thousand Italians among the victims of Ftx
• Bitcoin -0,5%% to $16.840. Il Sole 24 Ore reports 100 Italian customers involved for damages of around 2 billion, out of a total of around 30 billion. The Ftx crisis became unsustainable following a liquidity crisis due to the rapid withdrawal of billions of funds by customers.
Luxury runs fast, the targets of Intesa and Fineco rise
The report of Altagamma/Bain yesterday confirmed the excellent state of health of luxury: the market should grow in 2023 by at least +3%, up to +8%. Great prospects for Moncler, Ferragamo and Brunello Cucinelli.
Azimuth acquired 35% of Kennedy Capital, an asset management company focused on small and medium caps.
FinecoBank. Berenberg raises the target price to 17,2 euros and strengthens the Buy.
Intesa Sanpaolo. Goldman Sachs raises the target price from 2,65 to 3,10 euros and strengthens the Buy.
Banca Mediolanum priced its inaugural €300m green bond, with demand exceeding €740m.
Technogym : strong signs of growth in the USA, Buy.
