Runs the Nasdaq, advances at a slow trotEurope, Tokyo goes up, one of the few markets in Asia active during the week. This is the picture a few hours after the start of a session that promises to be full of appointments not to be missed.
Stock Exchanges yesterday and today
Europe's stocks set for a higher open, index futures EuroStoxx50 mark +0,2%. Milano started the week with a positive move, +0,2% to 25.821 points.
Last evening Christine Lagarde he reiterated that interest rates still need to rise significantly at a steady pace to reach tight enough levels, and added that they need to stay there for as long as needed.
Closing yesterday, the ten-year BTP traded at 4,01%, the Bund at 2,19%. Spread at 182 points.
Today the euro area PMI indices, an opportunity to measure the state of health of the Eurozone and in particular the resilience of the economies with respect to the recession. Meanwhile, a cold shower has already come for the German car: Ford Europe announced the cut of 3.200 active employees in Germany. The workings will be moved to Usa.
I Wall Street futures they are little moved. Yesterday the S&P500 closed up 1,2%, Dpw Jones +0.76%. Nasdaq jump +2.01%. Suddenly, almost without warning, the reclaimed by technology, the sector most sacrificed by last year's declines. And behind the chip boom (+5% the Philadelphia index after the promotion of Barclays), or of Tesla +7,7% there is the belief, yet to be demonstrated, that the Fed is preparing to reduce the pressure on rates.
Microsoft invests 10 billion in ChatGpt
In the spotlighti Microsoft (+2,24%). Not only because tonight the software giant, after 11 early layoffs last week, will announce its end-2022 results, but because the investment (10 billion dollars) in Open Ai, one of the most advanced companies in Artificial Intelligence thanks to the Gpt Chat development, an advanced system to be introduced both in work environments and in leisure time.
Citadel: 16 billion dollars thanks to the bear
Record results for Citadel, the hedge fund that has best interpreted the bearish season of stock markets and bonds, the hedge of Ken Griffin recorded in 2022 record profits $16 billion for investors.
Nikola (Iveco) sells electric trucks, Stm driven by US chips
Good news also for Made in Italy titles. Nicholas (+2%), the joint venture with Iveco, has signed a letter of intent with the German GP Joule for the supply of 100 electric vehicles heavy Nikola Three.
Corre stm (+2,5%) on the wave of the promotions of the Big US semiconductors: Advanced Micro Devices (+7%), Qualcomm (+ 4%), Seagate Technology (+5%). Among the reasons for the promotion are the new outlets of Artificial Intelligence.
The super-index stood at -1% in December. The worsening of the leading indicator of the trajectory of the United States economy is viewed positively because the time to stop the rate hike is approaching.
Sale Tokyo, sos births for Japan
La Japan stock exchange following Wall Street's trail and rising, Tokyo's Nikkei gains more than 1%. The PMI Composite Index of Jibun bank rose to 50,8 from 49,7 in December, especially the services component improved. The yen it appreciates, with the cross down by 0,3%. Japanese Prime Minister Fumio Kishida said the country risks no longer being able to function as a society due to the decline in birthsfell below 800 units. Japan is second in the world for the number of people aged 65 and over.
Panetta explains the digital Euro
Bitcoin up slightly to 23.104 dollars, the highest since August. Since January 40, the price has increased by about XNUMX%.
“The digital euro will not be never a programmable coin“, or a currency similar to Bitcoin, said the member of the board of the ECB yesterday afternoon, Fabio Panetta, in a hearing before the Economic and Monetary Affairs Committee of the European Parliament. As for timing, the investigation stage will end in the fall. Only at that point will the Governing Council of the ECB decide whether to switch to the stage of realization".
Panetta reiterated that “moving to the implementation phase does not mean issuing the digital euro. During this phase we will develop and test the technical solutions and commercial agreements necessary to supply and distribute a digital euro, if and when it is decided. Any decision of the Governing Council of issue a digital euro it will be taken at a later stage and only after the Parliament and the Council of the EU have adopted the legislative act”, he recalled. “The digital euro project is a truly European initiative. And it's not just a technical project: it has a clear political dimension, given its broad social implications”.
Descalzi: "Gas, there is no longer the risk of a blackout"
Il European natural gas it closed down by 1,3% at 66 euro, -12% since the beginning of the year. It seems now avoided the risk of blackouts also thanks to the drop in consumption (about -20% in the EU) due to mild temperatures and rationing. Eni's number one, Descalzi, said that thanks to Algeria's contribution, the demand for Russian gas will be zero by 2024.
The target of CNH and Leonardo rises
- Iveco announced this morning the acquisition of a controlling stake in Mira UGV, a company that builds unmanned military vehicles.
- Industrial Driver's License: Bernstein updates the target price to 17 euros.
- Leonardo: BNP Paribas raises its target price to 11,6 euros.
- That rose to 100% stake in DECO, a company active in the waste sector in Abruzzo, with the purchase of the remaining 35% of the share capital.
