I markets reward Today the hopes for peace in Ukraine are kindled by Donald Trump's telephone conversations with Vladimir Putin e Volodymyr Zelensky. Despite the political slap inflicted by the US president on Europe and the news on reciprocal duties expected in the evening from Washington (“today is the big day” said Trump, even if the tariffs will not come into force before April), most of the price lists of the Old Continent closed a session marked by optimism. Overseas yes Wall Street is also moving forward, although January producer prices confirmed the upward trend seen yesterday with consumer prices.
Europe tonic, with the exception of London
In the green landscape it stands out negatively London, -0,46%, which today did not find much to celebrate even in the macro data. In the fourth quarter Great Britain avoided recession, but economic growth remained asphyxiated, +0,1%.
Not that theeconomy of the eurozone sparks (-1,1% industrial production in December, -2% annual), yet the price lists have pushed on the accelerator.
Piazza Affari appreciates itself of 0,82% and conquers 37.908 basis points, consolidating at its highest level in over 17 yearsThe main Milan index moved mainly in step with industrial and luxury stocks, while banks and oil stocks acted as drag.
In a sentiment in which quarterly results, the geopolitical and macroeconomic frameworks are intertwined, Frankfurt dominates the euro zone from the top of an increase of 2,13% to 22.613 basis points, after having conquered 22 thousand points for the first time in history just a few days ago and without being affected by the tragic attack in Munich, where a car ploughed into a crowd.
Luxury pushes Paris +1,52%, while they are further behind Madrid +0,2% and Amsterdam +0,42%. Outside the block shines Zurich +2,02% and Moscow goes into orbit with a 9,39% increase for the RTSI dollar index; the Moex, index in rubles, appreciates by 5,88%. At the same time, the Russian currency strengthens.
Dollar down; gas prices plummet
On the currency market, high prices and the prospect of a longer-than-hoped-for restrictive monetary policy are not enough for the dollar to defend itself from the sell-offs today. greenback loses over 3% against the ruble and 0,67% against the yen.
THEeuro deal in progress of 0,43%, for a cross at 1,0428.
I US Treasury securities show the same attitude as the dollar: rising prices and falling rates, providing oxygen to Wall Street stocks and in particular to the Nasdaq (+ 1,06%).
Among raw materials gold it confirms itself in the maximum zone and is trading above 2900 dollars per ounce, both in the spot version (2920,29) and in the April 2025 contract (2948,09).
Il oil falls moderately, due to potential Russian-Ukrainian talks and a surge in U.S. stocks. Both contracts fell more than 2% yesterday after U.S. President Trump said Russian President Putin and Ukrainian President Zelensky had expressed a desire for peace in separate phone calls. Trump ordered U.S. officials to start talks to end the war in Ukraine.
Brent and WTI futures are currently down fractionally, with prices at $74,78 a barrel and $71,10 a barrel, respectively.
Il gas puts it in reverse, after the price increases starting from the end of Russian supplies to Northern Europe via Ukraine and the intense cold of these days. In Amsterdam prices fall by almost 8% and the price is reduced to below 52 euros per MWh.
Piazza Affari on the rise with Moncler, Stellantis, Cucinelli, Campari
Among the blue chips of Piazza Affari today Moncler stands out +9,54% a few minutes before the 2024 accounts that the queen of down jackets will present after the markets are closed. Luxury also shines with BRUNELLO CUCINELLI +3,81% and Ferragamo +8,4%, which has gained over 16% since the beginning of the year.
The session is also worth framing Stellantis +4,54% and Campari +3,8%, while Leonardo gains 2,24%, after a deep red start to the day in an arms sector destabilized by the prospects of peace.
Among the blue chips best sellers of the day there are banks: Ps -2,4% Bpm bank -1,85% Bper -1,24% Understanding -0,94% Unicredit -0,93% Mediobanca -0,74%.
La black jersey goes to Telecom -2,55%, which closes a very negative and volatile session, on the day of accounts and updating of the industrial planThe company intends to restart remunerate shareholders in the period 2026-2028, after hitting expectations with 2024 earnings and forecasting an increase of around 7% in core profit this year. The CEO Peter Labriola, in a press conference, said that he has not yet met representatives of Iliad or Poste, for possible M&A operations.
Oil stocks suffer from Tenaris -1,53% with crude oil swings.
Declining spreads and rates
The session is also positive on the secondary level, where rates and spreads fall between ten-year BTPs and Bunds narrows to 107 basis points. Yields are 3,49% and 2,42%, respectively.
