2022 closes its doors on European markets giving a last session in deep red, a color that also dyes today's trend Wall Street. Yesterday's improvement did not therefore last on the financial markets, which are saying goodbye to a year to forget, but without great auspicious ideas for the upcoming new year, which could even lead to a recession, as recent reports from the fed. And meanwhile the conflict in Ukraine shows no signs of subsiding, Covid worries with the growth of infections in China and the risk of new and aggressive variants, theinflation bites and the central banks are proposing to raise rates again after the aggressive interventions of 2022.
Finally Pele is also gone, "o rei del calcio", an event that has nothing to do with the markets, but increases the feeling that an era more reassuring than the current one has definitively ended.
Piazza Affari in decline, in line with Europe
Piazza Affari today adds a loss of 1,45% to its already steep annual account, which far exceeds 12% and which relegates it to the last places in Europe. The Ftse Eb falls below 24 points (23.706) with all blue chips in red, starting from Telecom (-3,78%) which is also one of the stocks that has suffered the most in these twelve months.
Sales of cars, technology and luxury weigh even more than Paris -1,52% (which yields about 10% annually), Frankfurt -1,56% (about -12% in the year), Amsterdam -1,71%; does a little better Madrid -1,06%, while London, which closed at the end of the morning, limits the damage to 0,81%.
Overseas Wall Street it moves fractionally down, but could end the week in progress. Many tech and 'growth' stocks are moving negatively, those sensitive to rates such as Apple, Amazon.com, Alphabet and Meta Platforms, which fell between 0,9% and 1,5%, given the increase in US Treasury yields. However, it bears repeating that the year will be the worst since 2008 for the New York Stock Exchange, with annual losses which at yesterday's close amounted to 8,58 for the DJ, 19,245 for the S&P500, 33,03% for the Nasdaq.
Worldwide, according to theMSCI All-World Index, 2022 took away 18 trillion of global capitalization. It can exceed 35 trillion if the loss in value of bonds is also included, with the yield on US Treasuries (which moves in the opposite direction to prices) more than doubled under the pressure of the Fed's maxi-increases. Today, the 3,873-year Treasury sees an increase to XNUMX%.
Spreads up
At the end of today's session, rates on the secondary sector also rose strongly in Europe: the ten-year BTP is indicated at 4,69% and the 2,5-year Bund at 219%, for a spread of 4,55 basis points, up XNUMX%.
Meltdown of gas and oil in progress
In today's de profundis, however, there is a note that can sound positive and that is the massive drop in the price of the gas which, for several days, has returned to pre-war levels, but today it has gone down by as much as 15%, below i 73 euros per Mwh, also thanks to the good weather season and full storage in Europe.
It is about to end the second consecutive year of gains for oil, which in recent months has experienced many ups and downs following the shortage of supplies for the war in Ukraine and the weakening of demand from China, the world's main importer of crude oil. Right now the Petroleum Brent crude appreciates 1,1%, to 84,38 dollars a barrel, while Texan crude adds 1%, 79,2 dollars a barrel.
On the foreign exchange market the dollar, which took the lion's share in 2022, is making a slight loss. The euro changes up by 0,2% around 1,068.
Today in Milan no one is saved
The list of villains in Piazza Affari today is very long and includes all the blue chips. The worst stock of the day is Telecom Italia, always in flux since the elections, amidst indiscretions, rumors and press speculation. Today, the nothing done at the government table with CDP and Vivendi would weigh on the future of the so-called national network. At the annual level Tim leave 50,18% on the ground.
The industry retreats with Interpump -2,63%.
Utilities are down, also because, according to experts, they suffer particularly from competition from government bond yields.
The worst of the day is Terna, -2,6%.
Furthermore, the Antitrust, on the basis of the principles expressed by the Council of State, partially confirmed the precautionary measures issued on December 12 against Enel (-1,39%), Eni (-2,25%), Edison, That (-1,37%) ed Engie for alleged illegitimate unilateral changes to the economic conditions for the supply of electricity and natural gas.
The Authority has not recognized the details for the confirmation of the related precautionary measures for Ivy (-1,06%) And A2a (-1,77%).
Among oil, he leads the day's declines Saipem -1,87%, which wears the black shirt of the blue chips in the year with a drop of 75,72%, after the flight of small savers caused by the two billion euro capital increase concluded in July. The stock recovered in the last quarter.
To conclude, it is emphasized that the total capitalization of companies listed on Piazza Affari fell to 626,2 billion in 2022, 18,6% compared to 769,3 billion as at 30 December 2021, according to data from Borsa Italiana as at 23 December.
Il weight of share listings on pil, retreated to 33,9% from 43,1% last year. At the end of 2020, after the crash caused by the Covid crisis, the capitalization of Piazza Affari was 606,5 billion (+3,2% the 2022 change on 2020) and 37% of GDP.
