The markets, after four days of decline, warm up their engines and leave the pits. But without speeding up. It is a question of first understanding "at what stage the race is" as an operator explains. On the one hand there are positive signs of growth, on the other it is noted that inflation, especially in services, seems to have taken root. Nor should it be forgotten the saddest birthday: a year ago Russian tanks moved towards Kiev.
- I US price lists reflect this state of uncertainty. The S&P index +0,5% rose just above the barrier of 4 points. Dow Jones +0,33%. The Nasdaq +0,72% benefited from the extension of Nvidia +14% after the increase in forecasts.
Wall Street awaits the numbers on household consumption
- Dishes i futures before opening. Dominating today's session will be the numbers of Cpe (Consumer Personal Expenditure), the data most followed by the Fed to understand the impact of inflation on families.
- Il US GDP rose in the fourth quarter by 2,7% (versus 2,9% expected). Recourse to unemployment benefits is down slightly.
Germany's confidence today. The BTPs are negative
European Stock Exchanges promise a higher opening: Eurostoxx futures +0.4%.
The good ones automotive quarterly Yesterday they allowed Piazza Affari +0,65% to get going again.
The index was slowed down by Eni's drop -5,36%, after the presentation of the 2022 accounts and strategic plan 2023-26, despite the increase in the dividend (+7% to 0,94 euro per share) and the buyback (2,2 billion).
In January the rate of annual inflation in the Eurozone it settled at 8,6%, up slightly from the 8,5% of the flash estimate released at the beginning of the month (9,2% in December). In the EU, inflation is at 10%, compared to 10,4% in December and in Italy at 10,7%, from 12,3% in December
Fourth-quarter GDP and GfK consumer confidence data will provide important insights into the health of the economy today Germany, the largest economy in the eurozone.
The bond market has recovered slightly from yesterday's lows. Treasury Notes ten-year to 3,86% from 3,91%. Waist German to 2,47% from 2,52%, The BTP to 4,37% from 4,45% travels towards the third negative week in a row (-0,5%).
Euro/dollar at 1,05951. The cross dropped below the 1,06 handle for the first time since 4,70 January. Play the difference between the yields: investing in dollars over two years yields around 2,91%, XNUMX% in German Bunds.
Prices in Japan at 41-year highs
On the other hand, the dollar/yen ratio (134,6) did not break after the expected debut in Parliament of Kazuo Ueda who will be the new governor of the Bank of Japan from April. The new banker reiterated that the current monetary policy scheme is appropriate, but a review of the interest rate curve control system could be taken into consideration when inflation is permanently below 2%. In January, however, data on consumer prices rose by 4,3% to a 41-year high.
Le Stock Exchanges of Asia Pacific they go down in the final session. The CSI 300 of the Shanghai and Shenzhen stock exchanges, down 1% this morning, ended the week up 0,7%. Tonight, Beijing's Foreign Ministry released China's Position – one proposal in twelve points – on the political solution of the Ukrainian crisis
Taipei's Taiex lost 0,4% at the end of the session, +0,4% for the week. Hong Kong's Hang Seng -1,4% for the session and -3,2% for the week. Closed yesterday for the emperor's birthday holiday, the Tokyo stock market is up 1%, -1% for the week.
Deal of the century on the tokens of a former Barclays
Petroleum up 0,7% from yesterday's +2%. However, the week presents an almost flat provisional balance sheet. US oil inventories rose once again more than expected, reaching the highest since June 2021. They climbed by 7,647 million barrels to 479,041 million units, according to data released by the EIA, against expectations for +2 million.
Little moved the Natural gas European from 50,50 to 51 euros/mWh. Natural gas consumption in the EU decreased by -19,3% from August 2022 to January 2023, compared to the average for the same period in the previous 5 years, thanks to a decidedly mild winter.
Big shot in the world of tokens. Former Barclays bond number one, Ovie Faruk, sold the series of 72 "Boring Monkeys" stickers for $9,25 million. A year ago Ovie bought them for $1,14 million.
Today the Board of Directors Tim on the KKR offer. New agreements for Saipem
Spotlight on Tim: Board today reviews KKR's non-binding offer on the network.
Analysts first cuts up Eni: Intermonte reduces the judgment from interesting to neutral, target from 16 to 15 euros. The investment plan deemed "very onerous" is under fire.
generals. The shareholder Delfin, holder of about 10% of the capital, let it be known that he will also be a stable shareholder in the future.
Anima he would be looking at Castello Sgr, a real estate fund management company.
Saipem has renewed the collaboration agreements with Petrojet and Enppi, Egyptian companies with which it boasts a long history of partnership in the execution of projects in North Africa and the Middle East.
Leonardo. European countries have become much more willing to invest in defense and security in the wake of the war in Ukraine, Chief Executive Alessandro Profumo said. MPS Bank placed a 750 million euro three-year senior preferred bond, 'callable' starting from the second year, with orders exceeding 1,5 billion.
