The word "record" does not intend to leave the financial vocabulary for 2022 and the new year starts with a bang: the European stock lists archive a brilliant session and the Stoxx 600 reaches new all-time highs, despite the absence of London, which is also celebrating today. Overseas the bell rings in tune Wall Street, where Tesla flies in light of record deliveries of 2021 (over one million cars in the world).
It is also the manufacturing, which showed a strong trend in December 2021 and revealed timid signs of improvement in supply chains. On the pandemic front Omicron it's rampant like nothing before, yet it's not so scary, if it's true that it's more infectious but the induced disease is less serious (at least in vaccinated people).
QUEEN BUSINESS PLACE IN EUROPE, BUT IVECO COLLAPSES
Piazza Affari is queen in Europe with an increase of 1,4% and an extension to 27.730 points. On the Ftse Eb oil stocks like Tenaris +3,95%; Saipem +3,28%; Eni +1,54%. Well the automotive with stellantis, +3,85%, with the sector boosted at the European level by the numbers of Tesla and the estimates of Hyundai and Kia, which foresee combined annual global sales in 2022 up by 12% and more.
The financial sector is making a big comeback: Bper +3,4%; nexi +2,32%: Understanding +3,12%; Bpm bank +2,88%. Telecom scores a gain of 3,43%, driven by the words of the president of Cdp Gorno Tempini, who in an interview with Sole 24 Ore, speaks of short times for the single network and opens the presence of a private investor like KKR . Between Enel +2,12% and Atlantia +1,86% are also in the top ten for the day.
Profit-taking, on the other hand, sends a knockout Cnh, -2,26%, on the day of Iveco's disappointing debut (-10,23%) after the recent spin off. According to traders and analysts, interviewed by Reuters, Iveco's business remains less attractive than that of Cnh, but it will take a few days to understand the exact valuation of the stock by the market.
Off the main price list it is appreciated Tiscali +12,64%, after the go-ahead for the incorporation of Linkem Retail, an operation which will create the fifth telecommunications operator in the Italian fixed market.
Fiera di Milano also did well +5,03%, which announced that it had revised upwards some financial targets for 2021, following grants of 33,4 million euros over 2020 and 18,1 million euros over 2021, disbursed to compensate for the losses suffered in the two years due to the emergency from Covid-19.
OTHER EUROPEAN PRICE LISTS
In the rest of Europe they show substantial increases Paris +0,9%; Frankfurt +0,9%; Amsterdam +0,67%; Madrid +0,63%. Securities in the auto and financial sectors are in dust, the latter following the rises in yields on government bonds in the Eurozone.
The airlines close a brilliant session, like Lufthansa, promoted to Buy by Citi and Air France, promoted to Neutral. Fly high Airbus, which is expected to exceed its 600 delivery goal of 2021 aircraft.
GOVERNMENT BOND YIELDS UP
Government bond yields rose, especially those of Bunds in the Eurozone and Treasuries in the USA. The 10-year BTP rate also rises to +1,19, but the Bund grows to -0,13% and spread turns green, falling to 132 basis points (-3,2%).
Bonds are enlivened by the expectation of a rise in interest rates starting from those in the United States, while the minutes of the last meeting of the US central bank are awaited on Wednesday.
THE MANUFACTURE RUNS IN THE EURO ZONE AND IN ITALY
Omicron's arrival did not dampen eurozone manufacturing activity in December, as factories took advantage of easing supply chain bottlenecks by stockpiling raw materials at record rates. This is what emerges fromPMI index final edited by Ihs Markit. The final reading came in at 58,0 in December from 58,4 in November, confirming the initial "flash" estimate and well above the 50 point level that separates growth from contraction.
The index that measures the production, included in the composite PMI on Wednesday's agenda and which is considered a good indicator of the bloc's economic health, was stable at 53,8 in November.
“The second half of 2021 has been incredibly busy for manufacturers, but the latest data hasn't spoiled the party too much,” says Joe Hayes, senior economist at IHS Markit.
“We are seeing some timid but very welcome signs that the supply chain crisis is starting to recede. While the gains were only marginal… PMI data showed purchase inventories increased at a record rate in December.”
This easing saw the input price index drop to an eight-month low - albeit still high - of 86,7 from 88,9, allowing factories to raise prices at a much slower pace than in November.
In this picture, a cone of light invests Italy, which is showing strong growth even if the pace is slightly slower than the previous one. The IHS Markit Purchasing Managers Index (PMI) settled at 62,0 from a record 62,8 in November.
EURO AND GOLD DOWN, OIL UP
On the foreign exchange market, the euro is down against the dollar and trades around 1,1285. Among raw materials, oil is on the rise, with Brent in the 79 dollar area and Wti above 75,50 dollars a barrel.
THEblack gold in fact, he does not fear Omicron. According to press rumors theOpec + should stick to plans to increase oil production in February when it meets tomorrow, expecting a small and short-lived impact on demand from the new variant of the coronavirus. Under current plans, the Organization is expected to raise its February production target by 400.000 barrels per day as it has done every month since mid-2021.
Also giving a boost to crude oil prices is the fact that the production of Libyan oil is reduced by 200.000 barrels per day for one week due to pipeline maintenance.
Meanwhile the Kuwaiti Haitham Al-Ghais he has been appointed new OPEC secretary general from August to replace Kuwaiti Haitham Al-Ghais will be the new OPEC secretary general from August. He replaces Nigerian Mohammad Barkindo who held the position since August 2016.
Risk appetite weighs on gold, which loses some luster in today's session with the future of the precious metal down 1,6% below 1800 dollars an ounce.
