Colorless sitting for Square Business and the other markets of the Old Continent now on their way to closing the year at their lowest levels for 14 years. Milano -0,10% around 23.800 points, in line with Frankfurt e Paris where luxury stocks consolidate the gains made on the eve. Better London driven by the performance of raw materials: the giant Antofagasta +2,5% is the best blue chip. The shares of the City most linked to business with China also rose: Hsbc e Prudential they rise by about 2%.
Misses a Frankfurt Infineon -1,1%: the number one of the European chips says it is ready to go shopping. In Milan Stm slightly down -0,10%.
Stay tuned bond market: Around 12,30, the ten-year BTP rate is at 4,60% after a bet at 4,64%, the highest since the end of October. The gap between the BTP and Bund rates on the 10-year segment stands at 211 basis points from 209 at the end of yesterday's session. The yield on the 2-year German government bond, which is the most sensitive to changes in interest rate expectations, climbed 4 basis points to 2,682% after hitting 2,696% in early trading, the highest level since October 2008.
This afternoon will be held a Cabinet in which Minister Raffaele Fitto, minister for European affairs and for the PNRR, will update the government on the achievement of the 55 objectives envisaged by the end of 2022 to obtain the third tranche of the loans envisaged by the plan equal to 22 billion including the portion of advances already collected by the government.
This morning there Greece sold 487,5 million euros in six-month government bonds at auction with rates rising compared to the previous placement.
In a market devoid of cues, the rumors about the renewal of the large Treasury companies scheduled for next spring are taking shape. The tam tam takes Leonardo's departure from the scene for granted Alessandro Bouquet: the former minister is the favorite for the succession Roberto crawlers, one of the architects of the battle for the gas price cap. Also Francesco Starace it is given outgoing by Enel. In this case, the CEO of the Post Office is the favourite Matteo Of the infantryman, also in the running to take over the CDP Slaughterhouse, on a collision course with the interventionism of Alessio Butti, the effervescent undersecretary to whom Giorgia Meloni has attributed the management of the single network dossier. Telecom Italy +0,2% little move waiting for the umpteenth meeting among the shareholders tomorrow.
Saipem collapses in Piazza Affari. Mps and Juve also down
Positive Eni +0,5%, taking into account the confirmation of Claudio Descalzi. Stable Tenaris, blue chip record of the year. Fold back Saipem -4,6%, victim of realizations after the recent increases. Oil services stock is up about 70% on broker upgrades and backlog visibility following last summer's capital raise.
Also sold Juventus -2,7% after the strong increases of the last few days.
Moderate rise for banks; Unicredit + 0,8%, flat Intesa Sanpaolo. The volatility on Monte Paschi does not stop, which yields about 2%, still below the 2 euro threshold.
Gas still down; US interest rates are under tension
Of note, good news, the constant descent of the gas prices natural in Europe (-3%) to 77,60 euros, the lowest since February. December has so far recorded a contraction of -45%.
Il Treasury Notes a ten-year yield rose yesterday to 3,83% from 3,74%, hovering around a five-week high.
On Wall Street eyes on Tesla
Dishes a Wall Street futures on Nasdaq S & P 500 e Dow Jones +0,1%. It will be another day of passion for Tesla (-3%) in pre-exchange under selling pressure from hedge funds. Conversely, Elon Misk can count on appeal to small Asian investors. The Wall Street Journal reports South Korean small shareholders have bought about $2,8 billion in Tesla shares this year and day traders have reportedly added another 160 million over the past month. Despite this contribution. The loss since January 70 is around 1.000%, the worst annual balance in its history. The market cap, which had already risen to over 344 billion dollars, was reduced to XNUMX billion.
