Two speeches promise to mark themarket performance today. Tonight he returns to speak in Washington Jerome Powell: a long-awaited speech to understand the next moves of the Fed. But no less popular will be the president's State of the Union address Joe Biden. To the many known reasons of interest, from China to pro-industry measures, an indiscretion of the Financial Times: the president, furious especially with the oilmen, will announce the intention to multiply the buyback fees by four (over a trillion dollars in January alone) to push large groups to invest.
Waiting for the news i US markets closed with a modest decline: Dow Jones -0,11%, S&P 500 -0,62%. Nasdaq down 1%.
Yesterday the non-voting Federal Reserve board member, the chairman of the Atlanta branch, spoke Raphael Bostic. In his commentary on January's jobs data, Bostic listed all that the central bank needs to do to bring inflation back within mandate limits. Traders are convinced that the central bank will take rates above 5% before changing course.
Milan superstar thanks to the banks: markets open modestly higher
Europe also marked the pace yesterday, but today they mark a modest increase at the opening.
Milano, which yesterday was the only listing to close in positive territory thanks to the bank stocks and Tim's appeal, today opened with an increase of 0,17%. Year to date the Ftse Mib grew by +14%, best result in the old continent.
Of note is the performance of BNP Paribas: 2022 ended with more than 10 billion in profits. Bloomberg reports that the Swiss credit postponed awarding bonuses to executives after strong disagreements between managers.
Btp Italia, the Treasury burns time
After last week's upswing, the adjustment of debt securities continues. The Waist it goes back to 2,30%. The bond sales of the last two sessions have brought the yield back up Ten-Year Treasury Notes, this morning at 3,62%.
However, the Treasury wasted no time. IL Mef has announced that it will issue from 6 to 9 March a new BTP Italy with a maturity of 5 years. For the new issue a loyalty bonus of 8 per thousand is envisaged for those who purchase the security upon issue and hold it until maturity, on 14 March 2028.
Manchester City in the sights of the Premier League
After the announcement of the offer the yield of the BTP rose to 4,15%. It's not just there Juventus. Even in the very powerful Premier League the showdown is on the air. The Manchester City has been referred by Premier League for a series of alleged violations of a financial nature. The club risks a points penalty and also exclusion from the championship
Australia raises rates by 0,25%
The race of expensive money is also slowing down in Australia. There RBA raised rates by 25 points basis, in the release, Gov. Philip Lowe says that inflation it should decrease over the next year and a half, reaching 3% in mid-2025, today it is 4%. There Sydney Stock Exchange drops by 0,4% Le stock exchanges of Asia Pacific they start to close the session around parity.
Wages rise in Japan, India under tension
L'Hang Seng of Hong it is up 0,6% thanks to the boost of its tech component. Baidu earn 15% on the day of the announcement of the launch of the AI-powered conversation service. The Internet company has announced that it has finished the trial period of its AI Chatbot service in March, the platform for conversation between human and computer users is expected to be launched next month.
China's stocks are weak: CSI 300 stock exchanges Shanghai and Shenzhen -0,2%. Kospi of Seoul +0,4%.
Il Adani case is starting to be the hottest topic ahead of the Indian elections. BSE Sensex of Mumbai records a new decline.
THEsalary increase it's good for the stock market and for the yen: the average hourly paycheck in December grew by almost 5%, a good sign for a recovery in consumption.
Price of Petroleum up 1%, after closing last week with a drop of -7,7%. In recent weeks, fears of a slowdown in demand caused by the possible global recession have alternated with hopes of growth in demand caused by the recovery of China.
Turkish lira at minimum, Moscow's accounts worsen
Il Natural gas European closed slightly moved at 58,0 euros. The price of oil is on the rise by 1%, after closing last week with a drop of -7,7%. In recent weeks, fears of a slowdown in demand caused by the possible global recession have alternated with hopes of growth in demand caused by the recovery of China.
Meanwhile they get worse counts of Moscow. In January the deficit of Russia has reached 25 billion dollars, due to the sharp increase in defense spending and the effects of Western sanctions,
Il devastating earthquake in Türkiye and north-western Syria, as well as a strong dollar (1.0730 on theeuro) have put pressure on the currencies of emerging countries, with the Turkish lira to an all-time low of 18,85 against the US currency.
Rbc promotes utilities, the buyback of Intesa is underway
Shower of rating promotions by R.B.C. Outperform for Snam and Italgas. The same analysts also raise Terna to Sector Perform.
Intesa Sanpaolo launches the 1,7 billion euro share buyback plan from 13 February to 12 May.
Tim specified that the non-binding offer for the network by Kkr has a duration of 4 weeks from the date of submission (February 1) and, as already communicated, Tim's board of directors will meet on February 24 to discuss it and make decisions of the case, therefore before the duration of the offer.
Maire Tecnimont. Through Next Chem, the oil service expands its portfolio of technologies in the circular economy, acquiring control of CATC, a plastic catalytic depolymerization technology.
