Stocks all Trump, with the US president continuing to dominate the scene amidst a threat to the Greenland and an announcement on the Venezuelan oil, while attention remains very high on the tech sector and AI, with the announcements coming from CES in Las Vegas galvanizing the sector, particularly the chip sector. And so European stock markets prefer to play it safe, traveling with caution, waiting to understand what will happen.
European stock markets mixed: Frankfurt leads the pack
Il Ftse Eb closed at 45.558,68 points, down 0,43%, Paris remains almost flat (+0,04%), while Frankfurt stands out with a rise of 0,89%, resulting in the best performance of the Old Continent, driven by the exploit of Hensoldt and the excellent performance of Rheinmetall . Under pressure too Madrid (-0,28%) And London (-0,62%). Wall Street appears relatively stable, despite recording new records at the start of the Dow Jones.
Investors' eyes are focused on macro data on the agenda, including theinflation with the preliminary data for December for Italy and the Eurozone. In December, in our country, according to ISTAT, consumer prices recorded an increase of 0,2% on a monthly basis and1,2% on an annual basis, while in the euro area theinflation has slowed to 2% from 2,1% in November.
Wall Street releases the first data on jobs
Attention shifts to the US, where the first data on the workADP data on US private sector employment slightly below expectations: 41 jobs were created in December, against the 48 expected, after the loss of 29 jobs recorded in November. The private sector services, however, recorded stronger growth than expected: the ISM services index for December rose to 54,4 points, with employment and new orders increasing, while October factory orders fell by 1,3% to $604,8 billion, slightly below forecasts.
Among the featured titles, Albemarle continues to shine thanks to rising lithium prices, Chevron Lukoil asset offering plans with Quantum Capital rises by 1% (Financial Times), while mining companies suffer with Newmont, Freeport-McMoRan, and Barrick Mining declining. Mobileye Global soars 15% thanks to its $900 million acquisition of Israeli startup Mentee Robotics. In tech, Nvidia earns 1,4% and Strategy +5% after confirmation by MSCI. Finally, Warner Bros Discovery records a slight increase, after the Board of Directors once again rejected the offer of Paramount skydance, deemed inferior to the agreement already in progress with Netflix.
In Milan Italgas, Tim and Difesa lead the increases
In Piazza Affari flies Italgas, with the stock rising 5,9% after this morning Snam announced the launch of the placement of a green bond convertible into existing ordinary shares of Italgas and maturing in 2031 for a nominal amount of 500 million euros. At the same time, the company led by Agostino Scornajenchi announced the repurchase of the outstanding bonds convertible into ordinary shares of Italgas and maturing in 2028. Other utilities also rose sharply with A2a, Hera, Terna and Enel which show increases of between 2 and 1%.
In the pre-opening important news also came from Tim (which closed at the top of the list): preliminary agreement with Fastweb and Vodafone for the development of 5G in Italy.
At the bottom of the list we find oil stocks, which reflect the drop in crude oil prices and the news coming from Venezuela. Eni marks the biggest decline with -4,45%, followed by Tenaris -3,49% and Saipem -3,48%. Significant losses also for Moncler(-3,41%) And Campari (-1,92%).
Venezuela-US oil in the spotlight, gold falls
Il Petroleum remains in the spotlight of global markets, with prices continuing to be influenced by the agreement between the United States and Venezuela and geopolitical tensions. Brent crude remains near $60 a barrel and WTI around $56, reaching levels not seen since early 2025, partly because traders expect an increase in supply following the energy agreement between Washington and Caracas. According to Energy Secretary Chris Wright, the US intends to control Venezuelan oil sales and revenues "indefinitely" to exert political and economic leverage and ensure stable supplies, with the proceeds deposited in US-controlled accounts and intended to "benefit the Venezuelan people and the United States."
The agreement provides for the export of 30-50 million barrels to the United States, with discussions underway with American companies to evaluate entry into the local market, where Chevron remains the only active US company, but new partnerships are being studied.
In this context, oil is showing signs of downward pressure, reflecting expectations of higher crude oil flows on the global market and excess supply, while precious metals are reacting to lower risk aversion: the has retreated after recent increases, penalized by the easing of speculative tensions. On the currency front, theeuro/dollar remains just below the 1,17 mark.
Greenland, Rubio: Trump Ready to Buy It, Too
Secretary of State at least partially tones down Trump's threats on Greenland Marco Rubio, according to which the tycoon's recent words do not indicate an imminent invasion, but only that the objective is buy the island from DenmarkThe Wall Street Journal reports, citing people familiar with the discussions. Rubio's statements came shortly after those of the president's spokeswoman, Karoline Leavitt, who instead said that Trump is evaluating "several options to achieve this important foreign policy objective and, of course, the use of the US military is always an option at the disposal of the commander in chief,” he added.
Commitments on Ukraine
In the background there is also the war in UkraineYesterday, during the summit of the volunteersi, the US has committed for the first time to provide security guarantees to Kiev, including the US support in the event of the country being attacked again by Russia. The summit, in addition to the leaders of the main European countries, was also attended by American envoys Steve Witkoff and Jared Kushner. The meeting's final declaration also mentioned the establishment of "a multinational force for Ukraine, composed of contributions from countries willing to participate within the coalition, to support the reconstruction of the Ukrainian armed forces and bolster deterrence." United Kingdom and France They also signed a declaration of intent for sending troops to Ukraine if a peace agreement with Russia is reached, while the US has pledged to monitor compliance with any future ceasefire. The Prime Minister Giorgia MelonFor his part, he ruled out sending Italian troops, but defined the meeting as "constructive and concrete," which was dedicated "to refining the security guarantees inspired by Article 5 of the Atlantic Alliance, as Italy has long suggested," he said.
Stable spreads
Stable (Supply) lo spread between BTp and Bund. At the start of the session, the yield spread between the benchmark 10-year BTp and the German equivalent maturity stood at 69 basis points, unchanged from the previous closing. The yield of the ten-year BTP benchmark which marked a first position at 3,51%, from 3,54% the day before.
