A thrilling session today in Europe, which closes in the red but recovering from the lows reached in the course of trading.
Business Square it loses 1,84% and remains clinging to 27 points.
The final budget is heavier for Frankfurt -1,97% and Amsterdam -1,87%. They are not far away Paris -1,75% Madrid -1,36% London -1,21%.
The Stoxx 600 is down 2,12% and registers the third consecutive weekly decline, mainly due to technology stocks and mining.
Among the worst Rio Tinto, after Serbia revoked the exploration licenses for lithium over environmental concerns, curbing the Anglo-Australian mining company's ambition to become Europe's largest supplier of the metal.
Bad Siemens Eneregy, which had to cut its outlook, after its wind division Siemens Gamesa launched a warning on the possibility of prolonged supply problems.
WALL STREET IN RED WITH NETLFIX
Weighing on today's session in Europe was the lack of rebound of the Nasdaqyesterday on Wall Street after a sudden turnaround towards the end of trading. Today the script may be different. The Nasdaq is still down, ballasted Netflix (-20%), but the Dow Jones is trying to catch up with stocks like Home Depot, Nike and McDonald's.
As for Netlfix, the platform disappoints after the quarterly accounts, but it is above all the forecasts for March 2022 that are worrying, with the estimate of 2,5 million more subscribers, almost half of the 3,98 million in the first quarter of 2021.
The tendential risk aversion favors a slight improvement in bonds, where yields fall.
Instead, bitcoin collapses. Its value is around $38.640 (-10,8%) and began to decline after Russia proposed to ban the use and mining of cryptocurrencies.
Also loses share Petroleum, which is away from a seven-year high.
The run of inflation and the tightening announced by the Fed continue to weigh on global sentiment.
The director of the IMF returns to the point today Kristalina Georgieva: the Fed – he argues – is acting responsibly because inflation in the US is becoming a cause for economic and social concern” but the rate hikes it is about to make could throw cold water on what is an already weak recovery elsewhere. For Georgeva it is not only the central banks that must fight inflation but also the other authorities, trying to overcome the pandemic through vaccination campaigns. “We have to spend billions on vaccination campaigns to make trillions on economic activity.”
THE AGNELLI GALAXY SINKS IN THE BUSINESS PLACE
On the Ftse Mib you save yourself from sales only Understanding, +0,2%, pending the industrial plan which will be presented on 4 February and with Morgan Stanley which has included the stock among the top picks in the EU. The investment bank improved the rating to "Overweight" and brought the target price down to 3,3 euros from 2,9 euros.
Among the worst titles are those of the Agnelli galaxy: Stellantis -3,54%; Cnh -2,67; Classic Ferrari for sale -3,04%; Exor -2,64%.
The news that Stellantis' Chinese partner Dongfeng placed 1,28% of the company's capital at a price of 18,30 euros contributed to the sales, below the price recorded yesterday at the close (18,79 euros). . According to the broker Bestinver, the fact that the shareholder has fallen below the level of 4,5% of the capital is worrying and suggests that "Dongfeng's intention is to gradually sell the entire stake". The car group's shares closed today at 18,128 euros.
Stocks in the health sector such as are also down Amplifon -4,11% and Diasorin -2,82%.
Prysmian loses 3,79% and oil stocks retreat starting from Tenaris .
Bad banks with Unicredit -2,87%. It goes to peak Generali -3,2%, pending the Consob verdict on the list for the board.
Telecom sells 1,13%, on the day in which the company's board co-opted Pietro Labriola, general manager, appointing him managing director of the group.
ITALIAN SECONDARY IN RED
Government bond yields on the secondary market are down, but the Bund does better than the BTP and lo spread salt.
The rate on the Italian ten-year bond fell to +1,29% (from +1,3% yesterday) while that of the German bond with the same duration fell to -0,1% (from -0,07%). The differential thus rises to 139 basis points (+1,76%).
OIL DROP
After reaching 89 dollars a barrel in weeks, oil is back from its seven-year high. Brent is down 0,65% to 87,8 dollars a barrel, while Texan crude is down 0,42 to 85,19 dollars.
The euro-dollar it is little moved, with the exchange rate around 1,134.
