Sui US and Asian stock markets he's backenthusiasm: I'US inflation it's not scary anymore after the yesterday's data, despite some doubts about the their reliability, and markets are betting on further rate cuts by the Fed. This has fueled a rally yesterday on Wall Street, led by the technological sector with a spectacular head Micron, which has also spread in Asia and on US futures this morning. The Bank of Japan It raised interest rates for the first time in 30 years, indicating it might do so again later. Precious metals remain on the rise, with platinum rising, and bitcoin also rising again. European stock exchanges are seen to open on equality with attention to'European Union which approved a 90 billion euro loan to Ukraine after the failure of the plan to freeze the Russian goods. The money will be taken in loan from the bloc's budget after leaders failed to agree on a proposal using Moscow's funds
Japan's central bank raises interest rates for the first time in 30 years
It took 30 years, but Japanese savers can finally get 0,75% on their money. Bank of Japan, as expected, has raised rates by a quarter of a point percentage, at 0,75%. The instinctive reaction of the markets was to sell yen and dollar jumped to 156,19, then stabilized at 156,00. The Nikkei The central bank maintained its initial gains of 1,2%, largely thanks to the Wall Street rally. The Bank of Japan (BOJ) again noted that real rates remained "significantly" low even after the hike and pledged to continue tightening monetary policy if the economy and inflation performed as expected. Officials also appeared more confident that companies would continue to raise wages, keeping inflation around the 2% target, a cycle they have been trying to fuel for decades.
Il bond market seems to take them at their word and 10-year yields rose 5 basis points to 2,015%, levels not seen since August 1999Investors are now waiting for the post-meeting press conference BOJ Governor Ueda, whose comments have previously shaken markets, said: "If Ueda hints at a hike, it could support the yen, while also hurting bonds."
Wall Street closes sharply higher, boosted by a spectacular Micron Technology performance.
Yesterday i main Wall Street indices closed higher, as a weak inflation report fueled expectations further rate cuts of interest by the Federal Reserve, while the spectacular forecasts of the chip manufacturer Micron they reported a strong demand for artificial intelligence and eased spending concerns. The S & P 500 rose by 0,8%, while the Nasdaq 100, which has a strong technology component, gained 1,5%. Dow closed at +0,14% and the index Russell 2000 of rate-sensitive small caps, also advanced by 0,8%.
Despite the enthusiasm, the report onconsumer price index yesterday's US has triggered some concern among some analysts doubt about its reliabilityInflation slowed to 2,7% in November from 3,0% in September (October was lost due to the lockdown). Part of this downward trend is due to the fact that the Bureau of Labor Statistics was only able to collect prices starting in mid-November, just in time to capture the Black Friday discounts. The BLS's methodology for addressing the lack of October data resulted in a downward bias in rents and owner-equivalent rents, which will persist for some time. Indeed, the impact may not be reversed until the April edition of the Consumer Price Index is published, so annual readings will remain suspect, analysts say. ReutersThe question is: what will happen? in 2026? The swaps imply a probability of approximately 20% of a rate cut Fed a January, but certainly by mid-2026. Operators continue to argue that the central bank will lower rates twice next year.
Among technology stocks, micron Technology jumped 10,2% after the company forecast quarterly profit nearly double analyst expectations, thanks to strong demand for artificial intelligence. Other memory companies, including SanDisk e Western Digital rose, causing the Philadelphia SE Semiconductor Index to gain 2,6%. The companies' massive debt-backed spending on AI technology development and uncertainty over how they intend to monetize it have been factors that have hindered risk-taking this quarter. Oracle infrastructures rose 0,9%, rebounding from a decline on Wednesday, when financing plans for a Stargate data center triggered a broad sell-off in shares. Trump Media & Technology jumped 41% after the company and fusion energy company TAE Technologies announced they had agreed to merge in an all-stock deal valued at more than $6 billion.
Asia surges, boosted by tech. TikTok sells its U.S. operations.
Asian stocks followed U.S. stocks' gains. The MSCI Asia Pacific index rose 0,7%, with tech giants like SoftBank Group Corp. (+6%) and Tencent Holdings Ltd., which led the largest gains. Tokyo Stock Exchange +1,2% at the end of the session, -2,7% for the week. In China: Hang Seng Hong Kong +0,7%, -1,2% per week. CSI 300 of the price lists Shanghai Shenzhen +0,5%, -0,2% the performance of the week. Taiex of Taiwan + 0,7%.
In South Korea, The Seoul Stock Exchange's Kospi Index is up 1%, down 3% for the week. The South Korean won is slipping, alarming monetary authorities. The Bank of Korea has called an extraordinary meeting on the issue for today, according to the Seoul Economic Daily. The USD/KRW exchange rate rose 0,3% to 1.477,95. Mumbai, The BSE Sensex index is up 0,7% and the rupee marks its third consecutive recovery, moving away from its all-time lows.
The CEO of TikTok, Shou Chew, informed employees that the parent company of the social media app, ByteDance Ltd., has signed binding agreements for the creation of a US joint venture whose majority is owned by American investors.
Le cryptocurrency rebounded, with bitcoin up 1,3% to $86.718,92, while ether rose more than 3% to $2.914,43. As for the raw material, Petroleum Crude oil headed for a second weekly loss, despite tensions related to the U.S. naval blockade of sanctioned oil tankers docking in Venezuela, with futures weighed down by expectations of a global surplus. WTI is at $56 a barrel, down about 2% from a week ago. Brent is down more than 2% this week. precious metals remained on the rise. In particular the Platinum settled around $1.930 an ounce, on track for a seventh day of gains and near the highest level since 2008. is trading at $4.320 an ounce, up 0,5% is the provisional weekly balance.
European stock markets saw a break-even opening. At the Milan Stock Exchange, eyes are on Prysmian and Avio.
European stock markets are expected to open at parity: the Eurstoxx 50 futures are at -0,1%. Today is a day of important technical deadlines: the futures on the FTSEMib index and the futures on stocks and options expiring in December 2025 are expiring.
The heads of state of theEuropean Union They decided to finance Ukraine's defense against Russia through a loan, rather than drawing on frozen Russian assets. This decision aims to overcome disagreements over an innovative plan to support Kiev with frozen Russian funds.
GermanyConsumer confidence is expected to decline sharply by 2026, with households showing an increasing propensity to save, influenced by a climate of uncertainty not seen since the 2008 financial crisis. The confidence index, compiled by market research institute GfK and the NIM Nuremberg Institute, fell to -26,9 points in January, down from -23,4 points, a downwardly revised reading and lower than analysts' expectations of -23,2 points. Economic growth is forecast at just 0,2% in 2025, after two years of recession, as government measures will take time to have a positive effect.
Monte dei Paschi di Siena. Economy Minister Giancarlo Giorgetti denies any interference or pressure on the Italian financial system during the accelerated book-building sale of Monte dei Paschi di Siena in the fall of 2024.
Is in the. S&P Global upgraded its outlook to "positive" from "stable," affirming its rating at "BBB." The Board of Directors authorized the issuance of hybrid bonds up to a maximum of €2 billion in 2026.
In bondage. The board of directors rejected the offer from the US fund TPG to purchase assets of the Digital Banking Solutions division.
Pirelli Pirelli announced that nearly all holders of its €500 million bonds maturing on December 22 have elected to convert them into new shares in the company, diluting the stakes held by current shareholders. Holders have opted to convert the bonds into shares representing 99,3% of the total bond value, at the price of €5,8493 per share announced in June. To meet the conversion, Pirelli will issue a total of approximately 84,88 million new shares. The stake of China's Sinochem, the largest shareholder, will be reduced from its current 37% to approximately 34,1%, while that of Camfin, a vehicle owned by Marco Tronchetti Provera, will decrease from 27,4% to 25,3%.
Prysmian. It will proceed with the payment of Channell's earn-out of $200 million.
Saipem announced the third extension of the contract with Aker BP for the Scarabeo 8 for offshore drilling activities in Norway until 2028.
Stellantis Stellantis announced it will reduce production at its Mulhouse, France, plant by 28% from current levels early next year to adapt to market demand, a Stellantis spokesperson said. A spokesperson said that from January 19 onward, production at the Mulhouse plant will decrease from 640 to 460 vehicles per day.
Avio signed two launch services agreements for Vega C between 2028 and 2031, for over 100 million euros.
Bank Ifis illimity Bank S.p.A. announced that it has completed its post-acquisition due diligence on illimity Bank, which confirmed the estimate of cost and revenue synergies at full capacity formulated on January 8, 2025, of approximately €75 million per year, before taxes.
sapphire announced that between 15 and 18 December it had purchased shares in Inspecs Group amounting to a total of 25% of the British company's capital, for a total consideration of approximately 21,7 million pounds.
