The remote comparison between Joe Biden e Vladimir Putin recommends stock market prudence awaiting data on the health of the global economy. THE Asia Pacific price lists are down slightly, as are futures on the European stock market (Eurostoxx -0,2%) and wall street, stopped yesterday for the President day holiday.
The Csi 300 index is flat Shanghai and Shenzhen, yesterday protagonist of a robust rise of 2,5% in the final. In red Hong Kong -1%; JD.Com it is down 6% on the effect of the launch of a $1,5 billion marketing campaign in competition with rival Pinduoduo. It's in slight decline HSBC, the stock of the Anglo-Chinese bank presented better-than-expected quarterly data announcing an extraordinary dividend.
Tokyo's PMI indices are over 50
Also slightly down Tokyo Nikkei. The publication of the PMI indices of February. The Jibun Bank Composite remained at 50,7 January levels.
The publication of data on theperformance of the main economies. The forecast for the Eurozone confirms the improvement in the economy: the flash index it should rise to 50,7 points (from 50,3) in growth area. An hour later at 11, it will be the turn of the Zew index on the expectations of German entrepreneurs and investors.
Bofa and JP Morgan see gray for Europe
It is by no means certain that macro signals can act as a propellant for share prices. On the markets, after the rally at the beginning of the year, they multiply signs of caution by big investors: Among the most pessimistic Milla Savova of Bank of America which forecasts a sharp decline, in the order of 20% in the middle of the year before a partial recovery. For JP Morgan at the end of the year the Eurostoxx 600 will be slightly below current levels.
Prudence is dictated by the more rigid attitude of central banks.
Goldman Sachs: two more hikes for the euro area
La charge of the "falcons" made itself felt on the bonds. The yield of Treasury Ten-year notes start again from 3,84%, Waist German at 2,46% and BTP ten-year to 4,32%.
Goldman Sachs it expects two hikes of 25 basis points in May and June, in addition to the one of 50 points announced in March. For Goldman, a half-point squeeze in May "remains a possibility" even if a quarter-point squeeze is more likely.
Piazza Affari is also in red
Down yesterday Business Square -0,55%, under pressure from the banks, same result for Madrid, another bank-centric price list.
THEeuro at 1,0607 against the dollar, it is not recovering ground despite the latest utterances by the Fed's "hawks". ECB “With inflation this high, further rate hikes beyond March look likely,” said Olli Rehn, governor of the Bank of Finland. “the rates – he added – that rates should then remain at restrictive levels for a certain period of time”.
Wall Street dominated by the Fed awaits Walmart
Weak opening in sight also for i US markets. Traders expect derivatives on Fed funds could rise to 5,25% by August. A few weeks ago the consensus was for a drop to 4,88% but since then the signs of a recovery in employment have multiplied, to the detriment of the fight against inflation.
Wall Street awaits the accounts of the consumer goods giants starting tomorrow from Walmart
Down again the petrolium: Brent $83,0, Wti $76,50. Price down by 1,2% at the start of the session, from +1,2% yesterday,
Il European natural gas it tried to rebound during the session on expectations of a wave of freezing temperatures in northern Europe, to then shut down going to close again below 50 euros. "If the trend is what we are experiencing, I believe we will again have a very significant reduction in gas and also in energy in the next Arera decision" said the Minister of the Environment and Energy Security, Gilberto Pichetto.
Intesa prepares the bank only online. Interpump in India
Interpump, company included in Tip's portfolio, acquired 85% of the foundry's capital Indoshell Automotive System, of the Indian group Indoshell Mold Limited.
Intesa Sanpaolo will launch, starting from 1 March, an experimental test among its employees of the App of Isybank, preparatory to the market launch of the group's new digital bank. This is what we learn from an internal document seen by Reuters. The test lasting about three months, on a voluntary basis, has the purpose of obtaining reports, suggestions and suggestions for improvement of the App. Isybank will initially provide banking services to the 4 million customers identified by the Intesa 2022-2025 plan interested in using exclusively online and mobile services. At the same time, this will allow the group a structural reduction in costs.
Unidata: the Board has decided to start a capital increase reserved for institutional investors up to a maximum of 400.000 shares through an accelerated bookbuilding procedure. The increase is also aimed at increasing the share float for possible access to the Star segment of Euronext Milan during 2023.
