even the Toro suffers from Stockholm syndrome. Yesterday afternoon i markets, hitherto on the rise, braked sharply after the sorties of two governors of the fed, Rafael Bostic and Mary Daly of San Francisco (former leader of the left) who reiterated how the campaign against theinflation should go ahead without hesitation, the minimum target is a rate above 5%, from the current range of 4,25%-4,50%.
Immediate braking pending the words of the president Jerome Powell. This afternoon, beginning at 15 pm, Jerome Powell will in fact speak in Stockholm: the Bull, after the brilliant start of the financial year, fears a new stop. The inflation data comes out on Thursday.
Milan +7% since the beginning of the year
Braking had an immediate effect. The future of the index Euro Stoxx 50 loses 0,8% this morning. 385 points. Yesterday, before the turning point, the European markets continued the rally of the beginning of the year. Milan +0,81% consolidated the rise to 25.385 points The Milan stock exchange has gained more than 7% since the beginning of the year, against +1,3% for the Wall Street S&P500 index.
This morning i Wall Street futures mark a decrease of around 0,3%. The S&P500 index, which gained almost 1%, closed with a decrease of 0,1%. Nasdaq +0,6%, from +2% in the afternoon.
The Treasury is launching a security at 20 at the 2023 auctions
A field day looms for the government bonds. A new title is expected to be launched a 20 years through a pool of banks. The auction will be held tomorrow Boots at 12 months (7 billion). Thursday will be the turn of 3 to 7 year olds: the offer will be 7 billion.
Great movements on prices. Yesterday evening the ten-year BTP traded at 4,17% after having reached a maximum of 4,31%. The spread fell below 200 points, down to 194.
Il Treasury Notes at ten years it moved little in the first session of the week, this morning it is at 3,52%.
Asia also holds back, only Tokyo climbs
Asia Pacific also slows down, the Hang Seng of Hong Kong and the CSI 300 of the price lists Shanghai and Shenzhen they are around parity. Nikkei of Tokyo +0,6%. BSE Sensex of Mumbai, -0,5% at the start of the session.
La China pulls straight on reopening, millions of people are hitting the road to join families ahead of the Lunar New Year and Sunday. Beijing is negotiating with major vaccine manufacturers. Both the CEOs of Moderna and Pfizer said they have been engaged in negotiations with Beijing for some time.
The Brasilia blitz does not scare the stock market
The storming of the presidential palaces in Brasilia depressed the part against the dollar +0,6%. There Sao Paulo Stock Exchange it lost only 0,3%.
Il Petroleum Brent trades at 79,51 euros; yesterday it had managed to gain 3%, then, in the evening, it lost strength, in line with the stock market.
Copper returns, Beijing reserves millions of golden rabbits
The return of Chinese demand is already being reflected on raw material. In a note last night, Goldman Sachs he writes that he expects a significant upturn in industrial and base metals in 2023. Copper hit London's highest since June yesterday.
The rebound of'gold of the last two months (yesterday .1872 dollars an ounce +0,1%) is also driven by purchases by Chinese consumers, who traditionally buy jewelery in preparation for the Lunar New Year. This year the shopping spree is even more frenetic because the authorities have announced the green light for travel.
One of the objects to bring as a gift to loved ones is a 24-karat gold reproduction of a rabbit, the animal symbol of the Chinese new calendar year. Also the Chinese central bank it is increasing its gold reserves: in December the People's Bank of China increased its endowment by thirty tons, bringing it to 2.010 tons.
Cucinelli: turnover +29%, Apple order for Stm
On the nomination front, it breaks Matteo Salvini: the Northern League leader calls for "discontinuity" for theIs in the. Meanwhile, he takes sides against the "stew" of Telecom Italy, nullifying the results of the talks between the shareholders. The stock rallied more than 4% yesterday.
Corre stm. Apple would have planned to use its own chip, to replace those supplied by Broadcom.
BRUNELLO CUCINELLI provided preliminary indications on the accounts for 2022: revenues amount to 919,5 million (+29,1%). Today the company presents the men's collection at Pitti Uomo.
Omer has signed a 25 million euro supply contract with Alstom.
