“Don't party too soon: the Fed will hike rates again, probably above 5%.” As Jamie Dimon by JP Morgan, America's most listened to banker cooled the markets' enthusiasm in line with the statements of several central bank board members. John Williams, head of the New York office, reiterated that the Fed "has not finished its job yet".
The call to order had the effect of curbing the Nasdaq -1,7% and the other indices (S&P -1,1%) but it was short-lived. Futures on US markets are in positive territory this morning.
To overturn the moods of thought Walt Disney which, after closed exchanges, announced a drastic restructuring. Bob Iger back in the saddle after his resignation last November, announced the cut of 7 employees for a saving of 5,5 billion dollars. The stock gained 5% afterwards.
Microsoft salt on Google's misfortunes
In great dust too Microsoft +3% for the misadventures of rival Google. The advertisement of "Bardo", the artificial intelligence software of the Mountain View giant, brings a wrong answer to a question about astronomy, an embarrassing mistake that cost a drop of almost 10% of the title, more or less 100 billions of dollars.
The renewed tensions on interest rates and inflation have cooled enthusiasm somewhat, but the tone of the stock exchanges remains substantially positive, starting from the European markets.
European futures on the rise, the Stoxx 600 at the top
Futures on the Eurostoxx signal a rise of 0,5%. Yesterday the Stoxx 600 index, which brings together the best of the stock exchanges of the old continent including the UK and Switzerland, reached new highs since April, expanding the performance from the beginning of the year to +8,20%;
Milano +0,15% ha closed the sixth positive session of the last seven, reaching new one-year highs at 27.377 points. From the beginning of the year +14,60%. In the top five places are: Tim, Unicredit, Yes, Iveco, Saipem, with performance above +30%.
Today I advise the EU, it is about state aid
Key day for the fate of European politics. Today meets the European Council, in the event of an agreement in principle on the many items on the agenda, the work should continue tomorrow as well. The starting point for the discussion is the package of proposals presented by the Commission which includes: temporary reform of state aid, more effective use of community money, training of the workforce diversification of international sources of supply. Minister Giancarlo Giorgetti's task in the face of the Franco-German agreement is not expected to be easy.
Btp at 4,22%, the hawks in action
The scenario of European government bonds is tense. 10-year German Bund at 2,36%, on the highest since early January. 4,22-year Btp at 50%, on the highs for a month. Hawks on the attack. The ECB may have to raise rates by another 16 basis points in May, after a similar hike by the same amount at its meeting on March XNUMX,” said Klaas Knot, president of the Dutch central bank.
Chinese Stock Exchanges Close in Positive Ground After a Slow Start:
CSI300 of the Shanghai and Shenzen lists +1,2%. Hang Seng of Hong Kong +0,8%.
Barclays raised its GDP forecast for this year to 5,3% (from 4,8%).
Golden profits for Toyota +22%
It is slightly down Nikkei of Tokyo. Flattering the accounts of Toyota: +22% in the quarter, record earnings of 7,28 billion dollars. The performance is largely due to the weak yen which favored sales in Europe and the USA.
On equality both the Kospi of Seoul that the BSE sensex of Mumbai.
Il gas European natural gas closed yesterday down by -3% to 53,60 euros, on the lows of the last 14 months. From the beginning of the year -30%.
Petroleum Brent at $85,30. Price up for the fourth consecutive day, after six declines.
Bper quarter in red. Double the coupon
Bper it closed the fourth quarter with a loss of 17 million euros, against the expected profit of 241 million euros. The results are conditioned by many extraordinary voices. The company doubles its dividend in 2022, closing with a net book profit of 1,45 billion euros, which includes extraordinary items of 946,2 million. The 2023 net interest income is seen at around 2,2 billion.
Webuild will lead the consortium that obtained from the Italian Railway Network (FS Group) the award of the Trento railway bypass for a total value of 934 million euros.
Cementir approved the update of the industrial plan to 2025, which forecasts revenues to increase to approximately 2 billion euro, with an average annual growth of 5-6%, and gross operating margin of approximately 400 million (CAGR of 6%).
Ivy pixy by 2026 total investments of over 4,1 billion euros, up 53% compared to the last 5 years, aimed at promoting the circular economy, the energy transition and the resilience of the networks.
