I generous dividends di stellantis (8,35% on Friday's price) and of Bpm bank e Unicredit (respectively 5,66% and 5,08%) characterize this morning the start of a week full of quarterly data awaiting the May verdicts of the central banks. Meanwhile, in the face of the increase in geopolitical tensions from Ukraine to Taiwan, the monetary authorities do route to gold. According to a Financial Times poll out of 83 central banks, more than two-thirds of respondents said they expect central banks to increase gold reserves. But the yellow metal is floating below 2 dollars an ounce this morning.
Future dishes waiting for the IFO. Watch out for Vivendi's numbers
I European futures, basically flat, offer little light on the opening of the price lists. But the wait will be short: at 10 theI fo, the German business confidence index, a very popular sign of the state of health of the German economy. The forecast is that the figure has remained unchanged compared to March.
Before the opening, the accounts of will also arrive Philips need Vivendi, always grappling with the capital losses accumulated in Tim. in Brussels, Fabio Panetta, member of the executive board, ECB, will hold the hearing on the digital euro at the European Parliament.
ECB: discounted the increase in the cost of money
During the day, two members of the ECB take the floor, the French Francois Villeroy and Croatian Boris Vujcic. The consensus takes for granted therate increase next week: +0.50% immediately or +0,25% followed in June by another similar increase. L'euro it is flat at 1,098 on the dollar. The Waist restarts this morning from 2,47%. BTP with 4,34% yield, closing on Friday.
The debut of Ueda (BOJ) opens the parade of central banks
The parade of central banks will begin in the next few days with the meetings of the monetary summits of Canada and Sweden. But the most awaited appointment will be the debut Friday of the new directorate of the Bank of Japan. The new governor Kazuo Ueda has already cooled expectations: "I see no reason to change policy" he wrote today in a response to Parliament. But tonight, the Sankei newspaper reported that at its next meeting, Japan's central bank will begin considering all monetary policy tools used during outgoing governor Haruhiko Kuroda's tenure.
Tokyo goes up, lithium scares Sydney
This morning Tokyo is in positive ground +0,3%. L'inflation it should fall below 2% in the second half of the year, according to forecasts. Bloomberg reports that the Bank of Japan, in the last ten days, has increased its balance sheet by 0,4%, to 736.000 billion yen.
Weak other price lists in the region including the index Chinese blue chips -0,3%. L'Hang Seng of Hong Kong loses 0,6%, the Kospi of Seoul 0,8%. On equality the BSE sensex of India. Down Sidney: Mining stocks suffer after Chile's decision to nationalize lithium reserves.
Coca Cola inaugurates the week of accounts
Without a precise direction also i US futures waiting for the quarterly marathon: 180 companies will report the numbers during the week. The first, in a few hours, will be Coca-Cola. The most anticipated accounts concern A ed Amazon, first tests of the health of the tech sector which helped support prices in the first quarter. Spotlight on Microsoft, food and pharma stocks.
Tiffany, the capital of LVMH luxury in the USA, reopens
The golden season of luxury culminates this week with a symbolic event: the reopening of the Tiffany headquarters on New York's Fifth Avenue after work for 250 million dollars commissioned by Bernard Arnault.
Experts expect the first rate cut later this year
Of the 87 Bloomberg terminal users who responded to a survey, 331% expect i interest rates in the United States return below 3% in the medium term, 40% believe the first cut will be before the end of the year.
Brent at $80,7, wtf at 77,0. The Petroleum opens down 1%, from the -5,5% lost last week, the first in the red after four consecutive positives. Fears of an imminent slowdown in global demand, caused by the increase in the cost of money, prevail. In this phase, the trend of inventories and OPEC cuts do not have much influence.
Bitcoin almost flat at $27.770, the lowest since early April. Last week, with -9,4%, was the worst of the year. Concerns are rising again, in relation to greater control by the authorities and the prospect of a higher cost of money.
Citi promotes the new Enel. The coupons arrive at Piazza Affari
Theimpact of the coupon detachment on the index: 8 companies of the main index take their coupon.
Enel: Citi raises its recommendation to Buy, target price at 6,50 euros. The CEO candidate proposed by the Treasury, Flavio Cattaneo, aims to cut costs and confirm the dividend policy, as reported by Bloomberg citing sources close to the situation.
Credit Suisse communicated this morning that in the first three months of 2023 it recorded a colossal wave of closure of current accounts and redemptions from asset management products, the net change in assets was equal to -61 billion francs, 69 billion dollars.
Monte dei Paschi: "We want to manage the state's exit from the capital of MPS in an orderly manner to create the conditions in Italy for there to be more banking centres," said Giorgia Meloni in an interview with Milano Finanza over the weekend.
Tim: the government observes that "there are no situations capable of putting the national interest at risk", said Giorgia Meloni in the same interview.
