Business Square +0,9% gives the assault a share 24.000 in an attempt to make the market balance on Christmas Eve less bitter. They think about raising the morale of the European price lists Adidas +7,5% and Puma +8,5%. The two companies, leaders of historical clothing took off after the accounts of Nike +12% last night on Wall Street.
Another gift for Frankfurt comes from iIfo index: Employment prospects in Germany remain positive also for the first quarter of 2023, reinforcing the recovery in consumer confidence.
Not least the reaction of gas market, which continues to decline significantly after theapproval of the price cap: -6% compared to the previous day at 99 euros per MWh, below 100 euros for the first time since the beginning of June.
Stock market latest news, oil companies are racing in Piazza Affari
On the rise instead i oil prices on the back of data suggesting a stronger-than-expected drop in inventories in the US. Brent futures are close to 81 dollars. The Kommersant website reveals that Russian oil exports are down by 11% after the start of the G7 embargo.
A Business Square oil products occupy the top positions of the main index: Saipem runs +3,62%, Eni gains close to 3%. A consortium made up of Eni and by TotalEnergies found the presence of other natural gas offshore Cyprus for an estimated quantity of 2.000-3.500 billion cubic metres. Maire Tecnimont +3,4% announced the 1,3 billion euro contract for the construction of an Epc petrochemical plant.
ExxonMobil Corp has surpassed the electric vehicle giant Tesla in terms of market value for the first time since 2020. Exxon yesterday closed up 1,5%, expanding its year-to-date gain to +75% for a market cap of 440 billion. The energy giant is on course to complete the best year of the last half century.
The bond market was little moved. The Treasury Notes at ten years it comes to 3,68%. The German Bund is at 2,30%. The BTP, traded at 4,40% (against 4,47%) does better than the German counterpart, so that the spread is reduced to 209 points (yesterday 217). Today there is a pause in the reinvestments of the ECB in the App and Pepp fields, which will resume on 2 January.
The banking sector, the great protagonist of the eve, is slowing down the race. The solidarity contribution paid by banks and payment circuit operators to reduce commissions on transactions made by electronic means enters the Budget law. Salt though nexi + 1,81%.
Bounce the luxury. Brunello Cucinelli +1,4% after Jefferies raised the target to 80 euros (from 62).
Sale Intercos +0,32%, cosmetics multinational serving major brands, in line with the French Interparfum +4% which signed a supply agreement with the Lacoste brand.
Avio fell sharply -8,6% to its lowest since mid-October. Last night the group communicated that the VV22 mission was interrupted "About two minutes and 27 seconds after take-off of the Vega C launcher" due to an anomaly that occurred shortly after the second stage ignition (Zefiro 40).
The Nasdaq is preparing to open higher
Il Nasdaq futures earn 0,5%. Some major macro data is due in the US today: QXNUMX Current Account; December Consumer Confidence; November Existing Home Sale.
In the spotlight Teslayesterday dive to -8%. The share of the electric car rises by 2% in the pre-Stock Exchange (-60% since the beginning of the year). Elon Musk has said he will step down as CEO of Twitter when he finds a suitable replacement, respecting the verdict of the survey he launched on the social platform, but he also specified that he will continue to manage some key divisions. “I will step down as CEO as soon as I find someone crazy enough to take the job! After that, I'll just manage the software and server teams,” Musk wrote on Twitter.
