Damn, America is growing. The review at rise in US GDP QXNUMX accompanied by falling jobless claims prompted a sell-off yesterday US markets, worried about the Fed's reactions. Fears, which partially subsided in the evening, infected Asian stock markets this morning. but theEurope, judging by the performance of futures, does not intend to spoil the party before the long Christmas weekend.
European stock markets should open higher this morning: EuroStoxx50 index future gains 0,4%.
IERI (Yesterday) the markets paid for the worries coming from the USA, albeit with modest exchanges. Milano -1,24% brakes due to the difficulties of the auto sector, conditioned by the news of the partial stop of the production of Volkswagen in January.
But this morning good news arrives from Asia: the chip giant di TaiwanTSMC has announced the opening of a large chip manufacturing plant in Europe. The headquarters will be Dresden, now at the center of supplies for the German electric car.
Gas down: -73% from August, oil on the rise
Supporting the optimism of the European markets is the decline of gas natural: -6% to 91,94 euros per mWh, the lowest level since June. In ten days it lost -35% and the balance sheet since the beginning of the year has shrunk to +30%. From the peak in August it has decreased by -73%.
Salt slightly the Petroleum, Brent at 81,7 dollars (+3,3% during the week). Russia's Baltic oil exports could fall by -20% in December from a month earlier, after the European Union and G7 nations imposed sanctions and a price cap on Russian crude from December 5, according to Reuters calculations.
They hold back Apple and Amazon. Tesla collapses
A Wall Street in the evening the S&P 500 index -1,5% rebounded above 3.800 points, an important technical threshold, violated on the downside during the session. All eleven sector indices fell. Information Technology and Energy recorded losses of more than 2%.
During the session Apple Lossless Audio CODEC (ALAC),-2,5%, dropped to a six-month low. Amazon -3%, on those for two and a half years.
The landslide continues unabated Tesla – 9%, the lowest in the last two years. With markets closed, Elon Musk he said he has no intention of selling shares for quite some time: first he spoke of one year, then he corrected himself and specified that the years will be two.
A $250 million bail for the crypto king
Record deposit for Sam Bankman Fried, the protagonist of the Ftx platform crash, landed yesterday in the USA from the Bahamas: the New York court has granted the conditional sentence against the payment of 250 million dollars. Bankman-Fried, who recently said he only has $100.000 in the bank, will have to live in his parents' home in Palo Alto, California.
Today at 14.30 the Federal Reserve's most followed inflation indicator, the Personal Consumer Expenditure, is released.
Japanese inflation hits 40-year high at 3,8%
In Asia it settles down Tokyo Stock Exchange -1% (weekly balance -4,6%, but only -2% in euros). The yen gained almost 3% on the dollar after the decision to widen the bond price floor. Inflation at 3,8% is the highest for forty years.
A red the Chinese price lists: Hong Kong -0,7%, the CSi 300 of Shanghai and Shenzhen -0,3% (-3,3% during the week).
Bloomberg reports that the terms of the quarantine to which travelers arriving in China must undergo will soon be revised.
Kospi of Seoul -1,7% today, -1,8% this week. South Korea's won, depreciating against the dollar this morning, gains +2% this week.
On parity the bag of Kuala Lumpur, after the release of Malaysian inflation data, November's +4% is slightly above expectations.
Btp: yield at 4,41%. Spreads at 210
Little moved, between rarefied exchanges, the bond market. Government bonds practically remained where they started when US macro data showed a higher-than-expected economy's resilience. The US 3,68-year Treasury Note rose to 3,74% from 2,36%. 2,30-year Bund to 4,45% from 4,41%. XNUMX-year BTP to XNUMX% from XNUMX%. The uncertainty surrounding the approval of the finance law could weigh on the Italian stock in the short term. Yesterday it spread it shrank to 210 points.
Spotlight on Banco Bpm and Leonardo in Piazza Affari
It was signed thebancassurance agreement between Bpm bank e Credit Agricole. The partnership was valued at 400 million euros. The agreement provides for the sale of a 65% stake in Banco Bpm Assicurazioni and, subject to the repurchase of the same by the Bank, in Vera Assicurazioni and the signing of a distribution agreement for a duration of 20 years.
Bper has extended the bancassurance agreements with the group Unipol, and in particular with UnipolSai, for the distribution of life and non-life insurance policies of the companies Arca Vita, Arca Assicurazioni and Arca Vita International, as well as the health products of the company UniSalute.
stellantis announced its intention to buy a stake in Symbio, the joint venture between Michelin and Faurecia.
Leonardo was awarded a $630 million contract in Canada for the supply of helicopters.
The new technical meeting with the main shareholders of Tim - Vivendi and Cdp - on the future of the network addressed the issue of employment levels and that of debt in view of the final structure, reported sources close to the situation. It was a useful discussion and between Christmas and New Year's Eve, probably on December 29, a new meeting is scheduled which it is hoped will be decisive, they added. But other reconstructions speak of modest or non-existent progress.
Cold shower for Juventus who will have to face a new sporting process for capital gains.
