Le European stock exchanges they took a breather today, closing little moves, in harmony with theweak start di Wall Street and ahead of a week full of events: the Chinese National People's Congress opens tomorrow; the Fed president on Wednesday and Thursday Jerome Powell testifies before U.S. lawmakers; the ECB meets on Thursday; The February employment report in the US comes out on Friday. Events which could orient the markets to varying degrees, after the rally of recent weeks largely due to the accounts of Nvidia (+3,4%) and optimism related to artificial intelligence. In the technological field, however, today, on Apple Lossless Audio CODEC (ALAC), (-3,5% shares on the Nasdaq), has plummeted a fine of 1,8% billion euros by Brussels, for violation of competition rules on music streaming. Celebrate Spotify (+ 2,5%).
Europe in no particular order
Business Square closes almost flat -0,07% at 32.912 basis points. At the opposite poles of the main list there are Saipem +4,86%, with Morgan Stanley analysts raising the target price to 2,60 euros per share (maintaining the 'overweight' recommendation) and Ferrari, -2,88%, which Citi downgraded to “sell,” a stock deemed too expensive.
Also Frankfurt is on pause, -0,1%, after seven record sessions, while Paris +0,28% and Amsterdam +0,29%, the latter thanks to the semiconductor sector. It's flat Madrid, goes down London -0,53%.
However, almost all indices are not far from the maximums, while in Asia, Tokyo he touched a new historical record exceeding 40 thousand basis points for the first time.
Bitcoin still rallying
On the currency market theeuro is moderately rising on dollar in area 1,86.
What stands out positively once again is the bitcoin, which is trading up approximately 7% at $66.600. A push that still favors companies listed in New York and linked to cryptocurrencies.
Among raw materials, prices are looking for a direction Petroleum: Brent -0,26%, 83,34 dollars a barrel. Prices were initially driven by OPEC+'s decision to extend production cuts to support prices.
Piazza Affari, Diasorin, Leonardo and banks assets
Business Square remained uncertain today between bid and offer, confirming in any case in the 16-year high area.
The list is headed by Saipem, which remains rallying after the results presented last week which, writes Morgan Stanley, “have increased our conviction that the company is on the path to achieving multi-year EBITDA growth and rebuilding investor confidence”
It is appreciated Diasorin, +1,58%, which received the green light in the United States for its new molecular diagnostics platform Liaison Plex and for its first respiratory test panel, the Liaison Plex Respiratory Flex Assay.
It is confirmed as being in good shape Leonardo +1,48% and banking stocks also continue to attract purchases, Bpm bank + 1,76% Ps + 1,76% Bper + 1,28% Unicredit +1%. Among financial stocks, there is also progress Azimuth +1,66% and Unipol +0,78%, while in the automotive sector it rises stellantis + 0,78%.
The red line is drawn by Ferrari, Followed by nexi -2,8% Amplifon -1,24% Ivy -0,87% stm -0,85%.
Out of the main basket it retreats Fincantieri, -4,15%, which will approve the accounts this week. However, press hypotheses of a possible capital strengthening linked to an M&A operation under study are holding investors back. The group would need resources (to be found with a capital increase or a bond loan) for a hypothetical extraordinary operation worth 300-400 million euros with the aim of increasing its presence in the Defense business.
It deflates Piaggio -5,86%, which closed a record year, for ebitda, margins and net profit.
Borsa Italiana finally suspended the stock Visibilia, after last week the Court of Milan decided to place the company founded by the tourism minister Daniela Santanché under receivership.
Spreads down
La ECB should hold no surprises this week, leaving interest rates unchanged, but there is a certain optimism circulating in the markets about the direction that central banks will take this year. According to the Bank for International Settlements, for example, the institutions are one step away from victory in the fight to bring the global increase in inflation under control.
This has positive repercussions on the Italian secondary sector, despite the burden of public debt. The spread today it closes lower at 144 basis points. Yields also fell slightly: the 3,82-year BTP closed at 2,37% and the Bund of the same duration at XNUMX%.
