On the sixth day the Taurus has awakened.
Thanks to the data on the new ones claims for unemployment benefits Wall Street broke the streak of five in a row, waiting for the data on producer prices out today you confirm the feeling that the Fed's medicine on rates is having an effect.
In short, everything revolves around the decisions which will be taken from central banks next week..
I futures they report this morning serene stable, upward opening a bit about all squares: theEurostoxx index scores a rise of 0,4%, more or less the same as the derivatives on the Nasdaq and the S&P 500.
Positive results from the Asian Stock Exchanges
Nikkei index Tokyo +1%, the week is about to close with a positive performance of 0,5%, which however becomes -1,1% in euro due to the weakening of the yen in recent days.
Hang Seng +1,5%, +5,7% per week. CSI of Shanghai and Shenzen +0,2%, +2,3% per week.
Plus sign for the Taiex of Taiwan +1% and the Kospi of Seoul +0,4%.
A Hong Kong they go up real estate companies: Bloomberg wrote tonight that the Beijing authorities are expected to announce measures to support the sector at the end of the Central Economic Work Conference next week. The Premier Li Kequiang he said he was convinced that the new measures on Covid will favor a robust recovery.
Il President Xi he is in Ryad escorted by a large delegation of state managers. in the night theSaudi Arabia signed a robust contract with the telecommunications giant Huawei.
- Nomura analysts argue that Asia will be there most attractive stock market region in 2023a rise of 12%. Help keep inflation under control.
In November, consumer prices in China rose by 1,6% year on year, the same change as in October, the data is in line with the consensus. Producer prices fell by 1,3%.
Waiting for US market data, Microsoft goes down
I economic data will dominate the weekend session on the US markets: in addition to producer prices (in view of a possible slowdown to 7,2%) the spotlight onconsumer confidence index.
IERI (Yesterday) the main indexes are positive: Dow Jones +0,55%, D&P 500 +0,75%, Nasdaq +1,13%.
Brakes Microsoft after the US Federal Trade Commission filed a lawsuit for block theacquisition of the video game company Activision Blizzard, the most important in the history of the software giant (69 billion dollars). A fierce legal battle is announced.
Musk loses the scepter
Elon Musk pay the price of the adventure, for now disappointing, in Twitter. Since yesterday the entrepreneur, crippled by the drop in Tesla (value halved since last April) is no longer the richest man on the planet.
The scepter passes to Bernard Arnault, the "wolf in cashmere" who created the empire of luxury lvmh, with assets of 185,1 billion dollars (against 184,6 of the South African tycoon).
In Europe flat stock market
Stock exchanges flat yesterday in Europe pending Thursday's ECB meeting.
Christine Lagard, in her last speech before the meeting, she limited herself to saying that "monetary policy is adjusting to ensure that high inflation does not consolidate and that inflation returns to 2% in the medium term".
Today results will be announced refunds of the TLTRO operations.
Business Square marks a mini loss of 0,14% (24.207 points). The spread between 10-year BTPs and Bunds with the same duration, it rises to 187 basis points (+2,99%), with rates up slightly to +3,68% and +1,82% respectively.
Il Swiss credit managed the feat of raising 4,3 billion francs of new capital. Among the main signatories is the Saudi prince MBS.
THEMSCI Emerging Markets index, thanks to the boost from the Chinese stock exchanges, is starting to close the week with a slightly positive balance, while the MSCI index of developed stock exchanges registers a provisional -2,30%. Since the beginning of November, emerging markets have risen by 14,30%, while the second index is only +4,80%.
Oil rebound, Gas on a roller coaster
Bounce the Petroleum at 76,80 dollars in the Brent version, 72.2 the Wti. But the loss in the week remains around 10%.
During yesterday's session, crude oil had managed to gain almost +3%, due to the stop to the flows of the pipeline that connects Canada to the United States. Then he lost everything in the finale.
- United States they let it be known that they will proceed later on with the reconstitution of the strategic stocks, they will probably make a decision after checking the effects of the Russian oil embargo.
Il European natural gas -7% to 139 euros per mWh, in a very volatile scenario.
Six countries of the European Union, including Germany and the Netherlands, have warned of unable to accept attempts by other Member States to reduce further the level of price ceiling of the gas. This is what emerges from an e-mail seen by Reuters.
The group, which also includes Austria, Denmark, Estonia and Luxembourg, defined the own guidelines on the proposal for a gas price ceiling for the whole EU, which the member states intend to approve at the meeting of energy ministers on 13 December in Brussels.
The European fighter is underway, S&P Frena Enel
The European day opens today with the news of the official signing of the agreement for the construction of a new fighter which will come into action in 2036. The agreement concerns the Japanese Mitsubishi, the British BAE Systems e Leonardo. The alliance could extend to the Swedish Saab.
Enel: S&P cuts outlook to "negative", cites execution risks of asset disposal plan for 21 billion.
Terna: The Ministry of the Environment and Energy Security has launched the authorization procedure for Terna's new electricity interconnection between Italy and Tunisia, the 600 MW direct current submarine energy bridge that will connect Europe and Africa. The total investment will be around 850 million euros; of these 307 million will be financed by the European Commission.
Campari: Pernod Ricard, which this morning announced a €238 million investment in building a new distillery in Kentucky, says whiskey is one of the spirits categories with the best growth prospects.
