They disappoint i accounts of the Big Three (Apple, Amazon and Alphabet) at the end of a memorable day for the financial markets, illuminated by the response of stocks and bonds to Fed and ECB decisions. But the slowdown of the Apple a few hours after the data on US jobs, this morning suppressed the euphoria of operators convinced (or deluded) that the season of rate hikes is winding down.
Opening in pale red for Europe, holds back the Nasdaq
Le European stock exchanges they should open slightly lower -0,2%. Business Square +1,49%, aims to defend the 27 thousand share, reached yesterday for the first time since last September, at the height of the rally at the beginning of the year: +14,30%.
Futures on the red are in the red Nasdaq -1% protagonist yesterday of a leap of 3,25%, back above 12.200.
The problems of Apple Lossless Audio CODEC (ALAC), weigh on Asian Apple suppliers at the end of a very difficult year for business in China. The index Hang Seng of Hong Kong retreats by 2%2%, the CSI300 of the Shanghai and Shenzen lists -1,8%.
Markets are betting that the squeeze is winding down
The markets reacted with an impressive (and surprising) rally to ECB announcements. Christine Lagarde has, as expected, not only announced a half a point up cost of borrowing (sixth in a row) but anticipated a similar move in March. But, unlike in previous meetings, this time it didn't tie its hands in anticipation of more moves higher. In the future decisions about rates “They will be data-driven.” That was enough to unleash a rain of purchases in the presumption that the squeeze is winding down.
Ten-years have never been so good: +3,6% in one sitting
I BTP have registered a historic bounce: rates fell to 3,87 from 4,28%. In a single session, 9-year bonds, among the protagonists of a strong recovery in January equal to 3,6%), gained XNUMX%. A leap higher than that of “whatever it takes” by Mario Draghi.
The phenomenon has also involved the other bonds: The yield on the 10-year Treasury note fell to 3,37%, the lowest since September. German 10 year Bund to 2,08% from 2,28% the day before. The ten-year BTP restarts from 3,83%.
The others too european bagsand they accelerated after the latest ECB decision. The sectors most sensitive to interest rate trends rose. Banks and technology are doing well, in line with the reawakening of the US Stock Exchanges.
The flight of Meta continues on the wave of the Buy Back
Also to Wall Street, the day after the quarter point hike in US rates, euphoria prevailed, despite warnings from Jerome Powell: “operators – wrote the Wall Street Journal – are convinced that the Fed is bluffing”.
The flight of continued Meta +23,4% driven by buy back of 40 billion advanced by Mark Zuckerberg. In January the announcements of share purchases own reached 132 billion dollars, triple the previous year.
La cold shower it arrived after the Stock Exchange. Weak quarterly announcements from Apple, Alphabet and Amazon dampened the euphoria, all three stocks rallied in the session. they have come to mark declines in the order of -2%.
Apple does not reach the Targets. It's the first time in 4 years
Apple Lossless Audio CODEC (ALAC), closes the first quarter of the fiscal year with revenues down to 117,15 billion dollars, for the first time after four years below the expectations of analysts who bet on 121,14 billion. Earnings fell to $29,99 billion, or $1,88 per share.
Amazon sees a weak year, blocks Alphabet
Amazon closed the fourth quarter with revenues up 9% to 149,2 billion dollars, better than estimates but with weak forecasts for the next quarters. Net income fell to 0,3 billion from 14,3 billion in the same period last year. 2022 closed with a loss of 2,7 billion compared to a profit of 33,4 billion in 2021. Amazon estimates revenues between 121 and 126 billion for the first quarter.
A, the holding company to which it belongs Google, closes the fourth quarter with revenues of 76,05 billion dollars, for the third time in a row below the expectations of analysts, who bet on 76,15 billion. Earnings per share was $1,05.
Gas goes down, the bill for families -34%.
Brent oil at $81,90, wtf at 75,6. Price fell for the sixth consecutive day on fears that the slowdown in the global economy could affect demand. From the beginning of the year -5,5%.
Il US Natural Gas it closed down by -1%, reaching a minimum of 2,4 dollars in the last thirteen years, from the beginning of 2023 -46%. An unusually warm start to 2023 has led to significantly lower heating demand.
Il European natural gas yesterday it closed down by -4% at 57 euros, -24% since the beginning of the year. The January gas bill for protected families dropped sharply. The Arera reports that based on the average market trend for the typical family (with average consumption of 1.400 cubic meters per year) under protection there was a decrease of -34,2% compared to December 2022. Good news for the fight against inflation.
KKR offer exalts Tim. Morgan Stanley bets on Pirelli
In the spotlight KKR's offer on the Tim network +9,9% which could be worth 28 billion euros. The board will evaluate the proposal on February 24th.
Saipem: TotalEnergies could restart work at the construction site for the exploitation of a gas field in Mozambique.
Pirelli for Morgan Stanley it is now to buy: Overweight, target 5,50 euros.
MFE currently rules out a merger with Prosiebensat.1 or a takeover bid on the German group, but is confident of closer cooperation between the two broadcasters. The CEO said so Pier Silvio Berlusconi.
Good accounts for Geox which closed 2022 with revenues of 735,5 million, up by +20,8%.
