The inflation rate is down but remains above the danger level. In the Old Continent, consumer prices recorded a growth of 8,5%, slowing down from the +9,2% of the previous month. But the core figure, excluding food and energy, remains stable at +5,2%, the same as in December, the consensus was +5,1%. In Italy, harmonized euro inflation rose by +10,9% year on year, less than the +12,3% of the previous month but the highest since 1984. New products enter the new Istat basket, such as smartphone repairs and medical visits related to sports.
After a golden January (+12,2%), the rise of Business Square however, it continued pending the indications arriving tonight from the Fed and tomorrow from the ECB. The improvement in corporate profits, starting from industry and banks, contributes to supporting the new increase. In Piazza Affari, in the wake of the rally triggered by the accounts of Unibelievet +2% at 12, the credit rush continues thanks to Bper +4,5% and to the colossus Entente +2,5%. It deflates on the rise of Mps Bank +0,6% from +6% in opening. It also stands out among the financial ones Unipol +2%. The upward leap of the Spanish credit bigs should also be followed: it runs after the BBVA results +2,8% (profits +17% thanks to Mexico), a whisker above the Banco de Santander +2,7%. The accounts of Vodafone -1,8% the price lists are not enthusiastic.
Stock exchanges latest news: Milan the best
The discounted rise in European rates helps Piazza Affari, up 12,8% since the beginning of January. Milan, today again the liveliest list, advanced by 12% at 40 above the 0,6 mark. After six months of contraction, the PMI indices of industrial activity rise again above 26.700. Ovs takes off in Piazza Affari, with an increase of more than 50%. The market thus applauds the step back of the company owned by Tamburi from the acquisition of Coin. Intesa Sanpaolo welcomes
positively the decision: "the risk-return profile (of the operation) was not attractive".
Improve but not too muchBTP trend: the 3,246-year yield rises to 193%, the ai spread stands at XNUMX basis points.
Futures lead one Wall Street's weak start on a day full of data before the Fed's communications: at 14.15 pm the change in employment recorded by ADP comes out, the consensus is +180.000, from +235.000 in December. At 15.45 the S&P Global manufacturing PMI is published, consensus 46,8. In the open market there is the ISM manufacturing index. Consent 48.
Tonight, in addition to Jerome Powell's press conference, attention will be absorbed by the presentation of the quarterly accounts of Apple and Amazon preceded by Meta (formerly Facebook) -1,5%.
