At first glance reigns over the markets a holiday mood: closed today the price lists in Australia and Japan, tomorrow starts in Use the long weekend of Shopping, eagerly awaited by analysts. But the calm may be short-lived. In fact, one is announced hot day on the front energy and economic data both in Europe in that Use, before the publication in the evening of Fed minutes.
Positive opening in Europe, waiting for the minutes of the Fed
• Futures anticipate a positive start of European markets +0,3%. Calm on Wall Street after a brilliant session. The purchases were driven by an upward revision of the sales estimates of Best Buy +12,78% and Abercrombie & Fitch +9% which give hope that consumption will hold up, despite inflation.
Hp rises, Manchester United booms
• In the after hours he presented the data of HP quarter: The PC and printer maker beat forecasts but warned that will lay off six thousand employees. The title managed to mark an increase of 2%. Runs +15% also the Manchester United on rumors of a possible Glazer family exit. Yesterday the divorce became official Reds e Cristiano Ronaldo.
• But the push allS&P index +1,4% came from the sector energy, the real protagonist of the season, not only for the cold weather: with theEU embargo and the potential price ceiling expected to start the day after the OPEC+ meeting, the 4th December, decisive days are looming for the economic balance.
- waiting for theCredit suisse extraordinary general meeting today which should launch a capital increase of 4 billion in the face of monster losses also expected in the fourth quarter. The role of the Arabs
Milan runs, Europe breaks records
• Energy in the spotlight yesterday also in Europe. Business Square +0,96% was among the brightest lists preceded only by Madrid and London. The index thus recovered, with interest, the ex-dividend date of the previous day (impact 0,68%). But Italian shares are trading near their lowest valuation in a decade, despite outperforming their European counterparts since the summer.
• In fact, records are multiplying on other markets: Yesterday the FTSE 100 by London (+1,2%) the Ibex of Madrid (+1,7%) has been projected onto the tops since August and the Dax of Frankfurt (+0,3%) on the tops since June.
Today the PMI data, the debate at the ECB is growing
• The PMI data on the performance of the main economies of the Old Continent will be released in the morning.
• Waiting session for bond markets: Waist German ten-year bond with a yield of 1,98%. BTP ten-year to 3,89%.
• The confrontation between the members of the directorate of the ECB. The falcon" holzman, governor of the Austrian bank, has expressed itself in favor of an increase of 75 points. The president of the Bundesbank, Joachim, is more cautious Nail, which opened the door to "minor increases", but said there was still a long way to go.
• In Asia Pacific, the Hong Kong Stock Exchange shined in a session conditioned by the closure of the financial markets of Japan and Australia.
Alibaba takes flight, anger over lockdowns explodes
• The index Hang Seng earn 1% thanks to the push of the techs. Alibaba it rises by +3,5% on the rumors of a closure of the investigation into its subsidiary Ant Group. The investigation would have resulted in a fine of around one billion dollars, but once this is paid, the company could restart its IPO practices.
• The CSI 300 of the price lists Shanghai and Shenzhen salt of 0,3%. protests large-scale eruptions in the Foxconn factory in Zhengzhou, the so-called 'iPhone City', according to rumors circulated and supported by images circulated on social media in Mandarin (Weibo) and international (Twitter). In recent weeks, the plant, the world's largest assembler of Apple iPhones, has been the focus of mass escape of workers for escape a lockdown anti-Covid.
• Kospi of Seoul +0,4%. On par the BSE Sensex of Mumbai.
New Zealand raises rates
• Among the few currencies strengthening against the US dollar this morning is the New Zealand dollar. The Reserve Bank of New Zealand raised the reference rate by 75 basis points to 4,25%: this is the strongest increase ever. It weakens it Korean won.
• Bounce the Bitcoin +2% but the news on Ftx platform crack that occupies the front pages of US newspapers are tragic. There is no trace of 9 billion dollars vanished into thin air.
A price cap for Russian oil. Moscow reigns
• Oil moved slightly: Brent at $88,30, Wti at 81. TheAmerican Petroleum Institute communicated tonight that the crude stocks of the United States are came down of nearly five million barrels. Today the ambassadors of the 27 EU countries meet to approve the "price cap" on Russian oil, setting a maximum price of 60/70 dollars. Gazprom, in response, has threatened to reduce, starting from Monday, i flows of Russian gas through Ukraine, last route to Europe
• The European gas it closed up 3% at 119 euros per MWh. The EU Commission has proposed a price cap of 275 euros per MWh on one-month derivatives on the TTF exchange in Amsterdam. For the mechanism to be activated, this limit must be exceeded for at least two weeks.
A2A holds back on investments. Mixed reactions to the Enel plan
After Enel today comes the plan A2A. The multi-utility cuts its investment forecasts, also to preserve creditworthiness. The industrial plan to 2030 provides for 16 billion euros of investments in the current decade, of which 3,5 billion have already been invested. The previous plan was for 18 billion euros. At the end of the plan, due to the lower investments, Ebitda will be around 2,6 billion euros, 300 million euros than previously indicated. 2026 target confirmed.
- Contrast the reactions to the Enel plan. Citi rejects the industrial plan presented yesterday and cuts the opinion on Sell. DZ Bank, on the other hand, raises the target price to 6,10 euros, Goldman brings it to 7 euros.
- Terna. By the end of 2022, it will release the technical connection solution for all new offshore wind farms that have requested, by October 31, connection to the national transmission grid, for a total power of around 95 GW, says a statement.
