Le European stock exchanges reduce losses but close in red the last session of the week. Investors are concerned about the hawkish tone of central bankers. After Isabel Schnabel, who sees the risk that markets underestimate the persistence of inflation in the Eurozone, Francois Villeroy de Galhau, governor of the French central bank and adviser to the ECB, stressed that ECB interest rates will likely peak during the summer, at the latest in September, but a cut this year is out of the question.
Business Square today it loses 0,37 and drops to 27.751,14 points, breaking the positive chain of four consecutive increases that began last Monday. Paris recorded a symbolic decrease (-0,2%) after the new record this morning, driven by the good results of Air France-KLM with the return to profit in 2022 and a turnover in the fourth quarter and an operating result better than expected . Flat Madrid (+0,1%). In the rest of Europe it is weak Frankfurt -0,6% London -0,15% and Amsterdam -0,8% while futures on New York are also decreasing.
In red Wall Street
After the marked red of February 16, Il Dow Jones loses 0,23% to 33.619,87 points, the Nasdaq dropped 1,13% to 11.721,54 points and lo S & P 500 leaves 0,96% on the ground at 4.050,98 points. Data on the labor market weigh, with weekly claims for unemployment benefits falling to 194 suggesting a more aggressive Fed.
On the bond front, the 3,88-year Treasury yields 10%, while in the Old Continent the yield of the Italian 4,19-year BTP rises to 2,42% and that of the same German term to XNUMX%. The spread travel stands at 178 basis points (+1,60).
Down gas and oil, the dollar strengthens
Positive news comes from the price of gas, which fell below 50 euros per megawatt hour for the first time (-5,98% to 48,39 euros) after 17 months. Bad day for Petroleum, which dropped by around three percentage points, with WTI at 76,84 dollars a barrel and Brent at 82,72 dollars.
In an uncertain context, the greenback strengthened, with the exchange rate at 1,064. loses groundgold, trading at $1.823,9 an ounce, retracing by 0,76%.
In Milan banks and Tim on the shields
A Business Square the banks are moving against the trend, with Bper (+ 4,75%), Bpm bank (+ 1,25%) and Intesa Sanpaolo (+0,8%). While out of the main basket, Ps gains 7,12%, in the wake of Moody's promotion on the bank's ratings.
Appreciable increase for the Italian-American industrial group Cnh (+ 1,69%).
Negative performance for oil sector stocks where the sharpest declines occur: Tenaris loses 4,27% ed Eni 2,43%. Bad sitting even for Amplifon showing a loss of 2,52%. They slip Finecobank (-1,59%) And Pirelli (-1,07%).
Bad too Recordati, down 0,68%, paying for Barclays' rating cut.
Rete Tim, CDP ready to relaunch
Among the most bought blue chips there is Tim (+2,85%), waiting for an answer from CDP e Macquarie to the offer of kkr for the network. The Cassa will meet the board this Sunday in an extraordinary session to formalize the offer for NetCo - the company that brings together all of Tim's infrastructural assets - with the Australians of Macquarie, which, according to press rumors, could amount to 18 cash plus 5 billion related to the future integration with Open Fiber. Proposal that goes alongside the one presented on 1 February by Kkr. The American fund would have put on the plate about 20 billion euros for Netco.
The two proposals will be analyzed by a board of directors of the former monopolist who has been convened on an extraordinary basis for 24 February. And time is running out as Kkr's offer expires on February 28th.
