The financial week of the Bags today January 23th. The Stock Exchanges of Japan and India are up. The Tokyo Nikkei earns 1,2%, the BSE Sensex of Mumbai 0,7%.
European stock markets up, expectations for US GDP
Le Stock Exchanges of Europe open higher, EuroStoxx50 futures +0,4%. Friday the Ftse Mib of Milan it closed up 0,7%, on par, for the week. Thanks to falling energy costs, it could be the best January since 2019.
Less brilliant this morning i Wall Street futures. The Nasdaq recorded its best session since the end of November on Friday, +2,7%. Last week ended with an increase of 1,3%.
On the macro level, the most important data will be that of US preliminary GDP out Thursday. Economists see a slowdown to +2,6% annualized from +3,2% in the third quarter.
The most anticipated corporate accounts in the coming days concern Microsoft e Tesla.
Waller (Fed): only +0,25% for rates
They are silent Chinese bags, on vacation to celebrate the New Year. The Fed bankers have been silent since today, due to the rule of silence one week before the meeting on rates. But there was time why Christopher Waller, formerly known as the hawk, expressed himself in favor of a soft rise in rates, only 25 points at the meeting in early February.
Il Treasury Notes 3,47-year term trades at 1,089%. The dollar weakens against the world's major currencies. Euro on the fourth consecutive day of rise to XNUMX.
Pmi and Ifo indices, Lvmh accounts
Positive signals also in Europe. It makes its way green investment mutual fund of the Old Continent. The president of the European Council, Charles Michel, says that Europe must strengthen itself with a new joint financing programme. In yesterday's meeting in Paris, Emmanuel Macron and Olaf Scholz they discussed the competitive challenge launched by the United States to Europe with the law on the fight against inflation.
After the progress of the past weeks, however, Europe must pass the next tests. On the macro level, data on the January Consumer Confidence in the EU, while tomorrow those on Manufacturing and services SMEs. The January Ifo investigations were expected on Wednesday.
The accounting campaign also begins in Europe. Among these, the names of luxury stand out starting from lvmh. On the Italian front, the minister for enterprises Adolfo Urso went so far as to argue that the worst is over and that the recovery will gain momentum in the second half of the year.
Stable gas and oil
Oil -0,2% at the start, from the +2,8% gained last week. Brent at $87,50. There is a lot of optimism about future growth in Chinese demand.
European Natural Gas closed the week with an increase of +3,2%, reducing the loss from January 12st to -XNUMX%.
Argentina-Brazil, evidence of monetary alliance
Brazilian President Luiz Inácio Lula da Silva and Argentinean Alberto Fernandez have announced greater economic integration between the two countries with the launch of a common currency. The proposal will be discussed at the summit of the Community of Latin American and Caribbean States in Buenos Aires.
Piazza Affari: Intesa replies to Bloomberg, Eni's target rises
The first ones arrive in Piazza Affari dividends of 2023. Today Enel (0,20 euro, 3,54% yield on Friday's price) and Snam (0,11 euro, 2,24% yield) are detaching the down payment.
In the spotlight the title Juventus after the 15 penalty points. In the face of the probable rain of sales, however, there is a speculative current that is betting on Exor's takeover bid.
Morgan Stanley raises the target price up Eni.
Unicredit. Since he took over the reins of the group, Andrea Orcel has cut sharply the costs associated with external consultancy. The Financial Times reports it.
Intesa Sanpaolo announced on Friday that the Group's RWA reduction actions, implemented in the fourth quarter of 2022, are to be related in particular to the regulatory changes (ie EBA guidelines) applicable starting from 1 January 2023 and concern negative EVA positions or which in any case are no longer justified in relation to the capital absorbed, and contribute to the significant creation and distribution of value for shareholders, this is a response to the indiscretions from Bloomberg which arrived in the afternoon.
Tim successfully placed an 5 million euro 850-year bond.
Industrial Driver's License. Members of two unions at the group's US plants in Wisconsin and Iowa reached an agreement on Saturday on a new labor contract, ending a strike that began last May. This was reported by the United Auto Workers union.
Goddess Capital Nova, a company wholly owned by De Agostini, has published the information prospectus of the takeover bid it promoted against the subsidiary. The Board of Directors of Dea Capital deemed the offer price of 1,5 euros per share to be fair. The offer will be held from 23 January to 17 February.
