Here is the latest news on the Stock Exchange: the rain of coupons coming up Business Square, thanks to the detachment of dividends or advances of eight out of 40 blue chips, conditions the fall the Piazza Affari index, down by around 1% (but only -0,3% net of coupons). The other squares, included, are also in red Frankfurt despite the unexpected descent of the producer prices, moreover the result of federal incentives that have curbed gas and oil. The session is also conditioned by the news arriving from China on new close to the Covid-19 after the cases discovered in Beijing and Guangzhou. They go down both the CSI300 of the Shanghai and Shenzen lists, by 0,8%, whichHang Seng in Hong Kong, by 1,7%. The dollar is benefiting, at the top against the yuan.
The bond market was little moved. The XNUMX-year BTP treats at 3,93%, lo spread with the Bund he remains close to 190 points. Philippe Lane, chief economist of the ECB and soul of the "dove" wing of the board, reduced the possibility of a new rate increase from 75 points in December this morning.
Stock exchange latest news: gas, diesel and crude oil in the spotlight
THEthe energy plays a decisive role in the expectations of the markets both in view of the EU summit on Thursday and other geostrategic appointments. The gas rises 2%, also driven by the cold. European importers, writes Reuters, are rushing to fill their tanks with Russian diesel before the entry into force of the EU embargo in February: the European Union will ban imports of Russian petroleum products, on which diesel largely depends, starting from 5 February. The ban will follow theembargo on Russian crude oil, which will take effect on December 5. Since the beginning of November, shipments of Russian diesel destined for the Amsterdam-Rotterdam-Antwerp storage region have grown by 126%.
Meanwhile in Doha Sheikh Al Thani announced a monster contract between Qatar , China: Gulf country will supply LNG in Beijing for 27 years, a record length for the industry.
Oil prices, on the other hand, are down: Brent at 87,6 dollars a barrel held back by the probable drop in Chinese demand.
Piazza Affari grappling with coupon detachment and energy: better and worse
Stock market latest news: the fall of stands out in Piazza Affari Saipem -6,8% after the unfavorable sentence of the Algerian court on the oil company's requests. Also declining Tenaris -1%, much better than the French rival Vallourec -7% despite growing accounts.
He misses out Eni -2,3% which today detaches an interim dividend of 0,22 euro. The six ramp dog is the company most impacted by the extra profit tax 2022 at 25% on the VAT delta. For 2023, the tax should be set at 33% of the 2023 profit delta. Saras follows (95 million).
Among Utilities, Enel -1,4% quantified the extra taxation at around 70 million, Erg and the Local Utilities will pay between 30 and 40 million.
The coupon detachment weighs on Mediobanca – 7,6% e Poste Italiane -3,2%. At the top of the index are Banco Bper + 1,3% bpm + 1,1% ed Unicredit + 0,7%.
Minus sign for Telecom Italy -2,3% to 0,21 euro pending clarifications on the many hypotheses on the fate of the single network. Barclays raises the target price to 16 euro cents
Luxury is slowing down, hand in glove with the situation on the Chinese market.
Positively, the leap of WeBuild +0.9% after signing a new contract in Canada.
Black jersey for Trevi, dropped by 9,5% to 0,33 euros, now in line with the price of the new shares (0,317 euros) which will soon be issued to guarantee the capital strengthening of the company (owned by the CDP).
