Le European stock exchanges close higher e Wall Street moves in positive territory ahead of Fed's monetary policy decision, to be revealed shortly, while news out of Russia is grim as Vladimir Putin he signed the decree for the partial military mobilization and for the recall of 300 reservists. The decision, together with the announcement of referendums in the territories of Ukraine with a majority Russian population, point to an increasingly long and dangerous war. This weighs on riskier assets, but pushes purchases on defense-related stocks. The Petroleum shows a volatile trend: after a morning rise, Brent is down fractionally to 90,15 dollars a barrel. Grows the gas price in Amsterdam, which was at 205 megawatt hours in the middle of the day.
Purchases focus on dollar, which has remained at its highest level for twenty years now. L'euro it even slips below 99 cents.
The Italian Stock Exchange is among the best. Well Leonardo and Telecom. Ko the Moscow Stock Exchange
The situation described also applies to the Italian Stock Exchange, today among the best in Europe. Business Square it closed with an increase of 1,2% to 22.035 basis points. Stocks that can benefit from the Ukrainian conflict shine on the Ftse Mib, such as Leonardo +5,54% and bounce Telecom + 5,71%.
In the rest of the continent it stands out Amsterdam +1,24%, they follow Paris + 0,87% Frankfurt + 0,74% London +0,63%. It's flat Madrid.
After yesterday's crash, he goes down again there Moscow Stock Exchange, with losses around 4%.
German nationalization sends Uniper ko
on the German Stock Exchange Uniper, -25,29%, collapses to 3,12 euros per share on the news that Berlin will save the company by buying the stake of the current main shareholder (Finnish Fortum, +9,5% on the Helsinki Stock Exchange), at a much lower price low compared to market quotations (1,7 euro) and will then subscribe to a capital increase of approximately 8 billion euro. Uniper is Germany's largest gas importer and supplies hundreds of municipal utilities, accounting for around 40% of Germany's gas supply.
Spreads down, sovereign bond purchases are back in Europe. In the US, the 2-year bond reaches 4%
Shopping is back government bonds in Europe, while in the US the yield on two-year Treasury bonds reaches 4% for the first time since 2007, pending the Fed proceeding with the third consecutive rate hike. A 75 basis point increase is expected again, although not ruling out a larger move of 1%, as done yesterday by the Swedish central bank.
Attention will be paid to today's decisions, but also to the graphical representation of interest rate projections by each banker and to the words in the press conference of Jerome Powell chairman of the Fed. If the picture were to meet the expectations of the markets, there could be a rebound in the indices.
Tomorrow it will be up to the Bank of England to decide how much to move to stop inflation. Also tomorrow the word will also pass to Bank of Japan, from which, however, we do not expect huge surprises given that Japanese inflation, which has risen to 2,8%, still appears to be under control.
Meanwhile, the Italian secondary archives a moderately positive session: lo spread it drops slightly to 224 basis points, -0,78% and so do yields. That of the ten-year BTP falls to +4,13% (from +4,2% yesterday) and that of the Bund with the same duration to +1,89% (from +1,94%).
Piazza Affari in dust with Leonardo and Tim; positive banks with the exception of Intesa
The top ten of the main list of Business Square is led by Telecom, which is trying to leave behind the lows reached recently by taking advantage of the buoyancy in the telecommunications sector following the announcement of the investment vehicle of Xavier Niel (Atlas) to have acquired 2,5% of Vodafone. Telecom also makes use of the Buy by Bestinver.
They are also appreciated Leonardo, Iveco + 4,08% stm + 3,25% Tenaris +2,87%. The latter is in evidence thanks to the leap of the French competitor Vallourec (+6,34%) after an order in Saudi Arabia.
Stay in cash nexi +2,62% and utility purchases return, Italgas +2,07% and Terna +2,07%, but Ivy loses 0,21%.
The black jersey of the day goes to Understanding, -0,68%, in a banking sector timidly rebounding after recent profit taking. The speech does not apply to Mount Paschi, which drops 2,52%.
Outside the main basket, it fills up with purchases Ovs, +21,96%, thanks to the half-yearly accounts with a profit that rose to approximately 32 million euro and the good indications provided by the management for the second part of the year.
In progress Drums Investment Partner (+1,14%), shareholder, through Clu, of Eataly. The latter today reached an agreement to go under the control of Investindustrial.
Then Clu, controlled by Tip and shareholder of Eataly, has announced that it will not sell shares in the Italian food and restaurant chain and that it will acquire a further stake in the company itself "on conditions such as to allow it to significantly lower the average book value" .
As part of the agreements reached, Clubitaly will have the right to be represented on the Board of Eataly.
The creature of Oscar Farinetti in fact, it will pass to Investindustrial through a capital increase of 200 million euros effectively aimed at eliminating the company's debt, together with a concomitant purchase by a part of the shares held by existing shareholders. At the closing, Andrea Bonomi's investment company will have 52% of the capital, while the historical partners Eatinvest (Farinetti family), the Baffigo/Miroglio family and Clubitaly (Tamburi Investment Partners) will have a total of the remaining 48% of the capital.
