The Year of the Rabbit is off to a good start: Chinese price lists, on the first day of activity of the lunar new year, open with a plus sign. However, in Europe and the USA, Taurus is marking time already discounting the next increases in the cost of money, the most important appointment of a week full of news.
Operators believe a 25 bp increase in US rates is very probable. According to operators, the ECB should instead focus on 0,5%, regardless of the effects on the euro/dollar exchange rate and the risk of recession.
Weak futures on Eurostoxx awaiting increases
Eurostoxx futures lead one slight downward start. Data on German GDP and the European confidence index will be announced in the morning.
The campaign of the European quarterly is in full swing: among the most eagerly awaited this morning is that of Unicredit, which will be followed this week by Intesa Sanpaolo.
Wall Street: US corporate accounts arrive
Weak opening also for Wall Street, after the positive closing on Friday. The Nasdaq closed the last five sessions with a rise of +4,3%, bringing the year-to-date balance to +9,40%. At these prices, January 2023 would be the best January since 2001.
The accounts of more than 100 companies in the S&P 500 basket will arrive this week, including Apple, Amazon and Alphabet.
Stock exchanges today 30 January: China climbs, Taiwan runs
Positive recovery of business a Shanghai e Shenzhen: + 1,1% the Csi index.
The rival does better Taiwan +3,5% thanks to the boost from semiconductor companies, the Taiwan stock market index is about to end its best session since the beginning of November. Over the weekend, the Netherlands and Japan joined the US ban on the sale of the most advanced chips in Beijing.
Tomorrow BYD, one of the most important electric car manufacturersa, will begin to export to Japan. Meanwhile, Baidu has announced that in March it will launch its own version of Chat GPT, Microsoft's artificial intelligence.
It won't be the only novelty for the Japanese car world. Today, on the day of the changing of the guard at the top, Toyota confirmed the world record for sales: 10,5 million cars
Nissan-Renault: renewed agreement
But the most important news concerns theagreement between Nissan and Renault. The two houses, after a long negotiation, have renewed the agreement. The French stake in the Japanese company drops from 43 to 15% (same percentage as Nissan). On the other hand, the Japanese will finance the investment in Ampere pro rata, the new electric car to which Luca De Meo entrusts the rescue of the Régie.
The Tokyo price list is on par. Hong Kong's Hang Seng loses 1,4%, Seoul's Kospi.
Stock exchanges today: India, a report loses 65 billion dollars
Also in red is Mumbai where the battle of the century is taking place. Under pressure from the revelations of a report by Hindenburg, a US bearish fund is about to skip thecapital increase of the Adani group, i.e. the second richest man in the world: this morning losses on the Stock Exchange reached 65 billion dollars.
In the last two years, six group companies have recorded a growth in quotations of around 1.500%, thus financing the acquisition of ports, airports and manufacturing activities. But the boom of President Modi's loyal ally, there would be fraud favored by the unscrupulous car of tax havens.
For gas in January average price of 60 euros (against 117)
Oil slightly down on the eve of the OPEC meeting: Brent at 86,20 dollars -0,5%. The attack on the Iranian drone factory does not weigh on prices, and recession expectations prevail over expectations for the recovery of Chinese consumption, which is underestimated according to various experts, including Goldman Sachs.
Il US Natural Gas it loses -6% and sinks to its lowest since June 2020. Since the beginning of the year it has fallen by -40%. European Natural Gas closed at 55 euros on Friday. From the beginning of the year -27%. Insiders are starting to grapple with the impact of the price crash on upcoming bills. “It is possible – writes Nomisma – already to establish that it will be around 60 euros/MWh, against the 117 euros/MWh used by the Authority for the December 2022 bills″.
Eni also climbs in Lebanon. A2A green bond boom
- Tim. According to Reuters, Vivendì is "very far" from the value deemed appropriate for the Tim network implicit in the offer on which the 24 billion consortium led by CDP is working. After the 850 million euro five-year bond launched this month, the company is about to close two more financing operations, one of which with the EIB.
- Eni signed a agreement worth 8 billion dollars and a 25-year term with the state company Noc for the production of gas in Libya. In addition, the company owns 35% of exploration blocks 4 and 9 off the Lebanese coast, together with TotalEnergies, following the transfer to QatarEnergy of a 30% stake signed yesterday in Lebanon.
- A2A priced a new green bond for an amount of 500 million euro maturing in February 2034, with final orders exceeding 2 billion.
- Enav today launches the treasury share purchase program to be used to service the remuneration policies adopted by the company for a maximum number of 1.300.000 that can be purchased, in one or more tranches.
