Trump could decide a gradual approach on tariffs, Petroleum slows down his pace and US producer prices they are rising less than expected, so today the price lists of the Eurozone choose the glass half full and they close a session on the rise, though London (-0,29%) remains negative and Wall Street proceeds uncertainly after a good start (DJ -0,05%, S&P 500 -0,15%, Nasdaq -0,27%). In New York the rebound fails Nvidia -1,78%.
Thanks to the banks Business Square recovers 0,93%, after the losses of the day before and finds the 35 thousand basis points (35.124). They are slightly more cautious Frankfurt + 0,69% Paris + 0,2% Madrid + 0,52%.
Read EVEN Stock Market Today January 14nd Live
US producer prices rise, but less than expected
In addition to a positive sentiment in the Eurozone since the first trading sessions, the date, lower than expected, of the US producer prices in December: +0,2% month and +3,3% yearly, against bets of +0,4% and +3.,5%. A light appetizer before the main course of the week, represented by consumer prices due out tomorrow and which could offer new indicazioni on how much the Fed this year.
The climate also appears slightly more favourable for bonds, while the dollar loosens its grip on other currencies a little.
Then the prices of the Petroleum, in the perspective of a truce in the Middle East, with Hamas that would have accepted a deal.
Finally, a glimmer of hope has also been lit for the markets on Donald Trump's tariff plan, since according to Bloomberg the president-elect's staff is studying gradual increases in import duties of 2%-5% per month, with the aim of obtaining concessions from trading partners. In short, the blow will not come all at once and starting next week, with immediate consequences on inflation.
Euro-dollar near 1,03
So here it is that theeuro takes off again against dollar, with a gain of around 0,5%, which brings the exchange rate between the single currency and the greenback closer to 1,03, after yesterday the euro briefly fell below 1,02.
Among the raw materials, the March futures of Brent e wtf they give up 0,8%, for prices of 80,36 dollars a barrel and 76,67 dollars a barrel.
Finally, the T-bond prices and XNUMX-year Treasuries, at this time, sees a modest rate decline to 4,791%.
Piazza Affari, Intesa shines, Pirelli skids
Business Square salt today led by the banks, starting from Intesa +2,78%.
The title of the institute led by Charles Messina signed today a 200 billion agreement with Confindustria for businesses, extending a partnership that has lasted 15 years. On the occasion, the CEO also commented on the news that the bank has started an investment in bitcoin of up to one million euros. “This is an experiment, a test,” said the manager.
Record a cash closing Popular of Sondrio +2,48%, promoted to “neutral” from Mediobanca, from the previous “underperform”. Well Bper + 2,28% Banco bpm + 1,63% Finecobank +1,76%. Among the financials it returns to prominence Unipol + 1,92%.
In keeping with his business, he skids off the mark Pirelli, +2,16%, supported by positive opinions from Goldman Sachs which improved its rating on the group's shares to 'buy' from 'neutral'.
In luxury it shines cucinelli, +2,01%, which positively surprised by presenting yesterday, after the stock exchange closed, better than expected 2024 turnover data and confirming the 2025-2026 outlook.
The spotlight remains on Leonardo, + 1,72%. Reuters reports that German Defense Minister Boris Pistorius said that Germany, Poland, Britain, France and Italy will implement as quickly as possible the new NATO targets in terms of armaments and troop numbers that the alliance is about to agree.
Telecom, +0,55%, scales down the gains triggered by the Milan Court's decision to reject Vivendi's appeal on the sale of the network, declaring it "inadmissible". The French group, Tim's main shareholder, will appeal.
Among the utilities the best is A2a +1,65%, which is 'buy' for Equita today, with a target price of 2,7 euros
On the sales side the black shirt is tight at the neck nexi -6,84%, which falls to historic lows after Morgan Stanley reduced its recommendation to 'underweight' from 'equal weight', highlighting the greater growth risks of the Italian payments company compared to its competitors. Mediobanca also revised its rating on Nexi downwards, bringing it from outperform to neutral, with a target price of 7,5 euros.
Badly, moreover, Campari -2,76% Diasorin -1,03% and oil, Eni -0,92% Tenaris -0,81%.
Outside the main basket it is positive Fincantieri, +0,92%, which concluded the acquisition of Leonardo's underwater assets (torpedo systems, sonar and countermeasures) with an immediate payment of 287 million euros.
Spreads down, but rates rise
I government bonds, even in the Eurozone, remain prey to a certain nervousness in response to the US paper and the actions of the central banks.
Lo spread Today the 121-year BTP falls compared to the Bund of the same duration and at the close it is indicated at 124 basis points, from 2,62 yesterday. However, yields are rising, especially obviously those of German bonds, which reach 3,84%, against the XNUMX of Italian bonds.
