The price of gas falls, the price of oil rises, consumer confidence rises in Italy and the USA and inflation slows down in November (but not as much as hoped): drawing on a mix of news of various signs, the markets Europeans, by now distracted by the holidays, closed the last session before Christmas in contrast, while Wall Street proceeds in fits and starts, uncertain between letter and money. In New York remains in the quicksand Tesla (-5,27%), after having reached a two-year low in recent sessions. Meta instead it floats close to parity (+0,3%) after having negotiated a fine of 725 million dollars to close a class action regarding the case of the concession of user data to third parties (including Cambridge Analytica).
As for the important US PCE index, closely monitored by the Fed, core inflation fell to +4,7% a year in November (from +5% in October) but expectations were +4,6%
Europe cautiously up
Business Square, which will remain closed on Monday like many other lists, appreciates by 0,27%, remaining below the 24 thousand points captured in the session of 21 December. The main Milanese index is among the best in Europe, thanks to purchases on Telecom (+2,39%), but Ferrari (-0,75%) is confirmed in the red.
London, which closed its doors at the end of the morning, is flat. In the rest of the continent, Paris lost 0,2%, while Frankfurt +0,2% and Amsterdam +0,09% made moderate progress. Madrid is colorless.
The euro-dollar trades in favor of the single currency, with the exchange rate around 1,062.
Oil in flight and gas in dive
Only the raw materials give some shivers.
I oil futures they run, after yesterday's losses when an icy storm was raging and many flights were grounded.
Brent (+2,6%) rises to over 83 dollars a barrel; Wti Crude +3,45%, 80,16 dollars a barrel.
The fact that Russia is expected to cut production in response to price ceilings, by 5%-7% according to the RIA news agency, citing Deputy Prime Minister Alexander Novak, contributes to the influence on prices.
Futures degas in Amsterdam instead they reached values they hadn't seen since February 23, before the war in Ukraine (83 euros per Mwh). Near the closing date, the collapse exceeded 11%, for a price of 81,5 euros. The merit of the reduction in prices must be attributed, among other things, to the price cap established by the EU, to full stocks, to higher than average temperatures in many countries, to lower demand from industry in a period with many holidays.
Piazza Affari defends itself with Leonardo
Piazza Affari today defends itself well with Leonardo +2,05%, which signed a new contract in Canada for 690 million euros. News that is not taken for granted and not expected, according to Banca Akros. And also of considerable weight, given that the contract is equal to approximately 4,3% of the target of new orders set for 2022.
Find the plus sign Iveco, +1,98%, targeted by sales in recent times.
Among the titles petroleumTenaris +1,78% and Saipem +1,46% stand out.
Always on the altars Telecom, +2,39%, queen of today's price list.
On the Ftse Mib today the healthcare sector, as in the rest of Europe in the wake of the leap of the vaccine manufacturer Bavarian Nordic (+3,94%), which has signed a contract with the US Department of Defense.
Diasorin + 1,43% Recordati + 1,01% Amplifon + 0,86%.
The variations in the are insignificant banks. The best are Intesa +0,41% and Unicredit +0,35%. Banco Bpm gains 0,18%, after announcing an agreement with Credit Agricole in bancassurance.
Among blue chips, the declines are fractional and start from stm, -0,78%, followed by Ferrari, Inwit -0,65% Moncler -0,62%.
Out of the main price list, the Juventus +4,86%, still on the verge of takeover bid and delisting by Exor.
Lose altitude mps, -3,4%, which drops to 1,97 euros per share.
High rates and stable spread
The picture on the secondary has not changed for several days and has darkened since the meetings of the central banks and the aggressive attitude shown by the ECB and the Fed. spread between ten-year BTPs and Bunds of the same duration it is stable at 210 basis points, but i rates they make a small step forward almost every day and today they are respectively indicated at +4,49% and +2,38%.
However, the perception of economic performance by businesses and consumers is improving. Confidence is rising, the stat says in its flash estimate for December.
