The positive quarterly results ofautomotive and the boost to chips from the accounts of Nvidia they have revived the lists already depressed by the continuous warnings of the central banks. The recovery, taken in Asia during the night, was confirmed in Europe. Piazza Affari, in particular, rebounded at the end of the morning by approximately 0,7% around 27.300 points. Lead the race technological sector: Asml +1,7% in Amsterdam, followed by Infineon, more or less in line with stm, among other things favored (like the German competitors) by the good intonation of the car world, stimulated by the good ones Stellantis quarterly + 4%, leading stock on the Italian list, and of Pirelli +3,6% following close behind. But the state of grace of the sector is confirmed by Piaggio +2,76% and, above all, by Brembo +5,7%, possible hub for made in Italy components.
The Stock Exchange rewards Stellantis but not Eni
The unexpected Stellantis buyback was rewarded by analysts' ratings. Banca Akros upgrades rating to accumulated from neutral, citing decent price and volume visibility for the first half of 2023 and full-year estimates that already incorporate a certain level of caution. Again Banca Akros rewards without reservations the quarterly Pirelli and the guidance for the rest of the year. Akros points out that the forecast of free cash flow for the year is approximately 10% higher than the consensus.
Operators on the stock are more cautious Eni, today at the center of a day dedicated to numbers, from the quarterly report to the new strategic plan. Thiol dropped 4,28% after announcing accounts records and the payment of third tranche of the dividend. Saipem instead rose by 1,4%.
Rebound attempt for banks, penalized by the rise in market rates. FinecoBank +2%. Berenberg raises the target price from 17,20 to 19 euros, Buy rating.
Bot at the top, stable Btp. Wall Street expected to rise
The yield of the reopening of the Bots at 6 months - offered for 3 billion euro - exceeded the 3% threshold reaching 3,05%, the highest since December 2011. The reopening rate of the 12-month BOT - proposed for 2 billion - rose to 3,24% .
THEinflation in consumer prices in the 20 eurozone countries fell to 8,6% in January from 9,2% the previous month, just above the 8,5% estimated at the beginning of the month, in which they had not yet been including data from Germany, Europe's largest economy. The data represent a negative signal for the European Central Bank: core inflation (excluding energy and food) accelerated to 5,3% from 5,2%.
Il German bund is at 2,51% yield. The construction sector ten-year trades at 4,42%, more or less on the levels of the day before.
La United States Stock Exchange expected to open higher, the Nasdaq index future gains 0,6%. At 14.30 the Chicago Fed index comes out, important because it will provide new indications on the conditions of the industry in one of the key areas of the United States. At the same time, the reading of the GDP for the fourth quarter and the new applications for unemployment benefits are published.
To follow eBay -5% in the pre stock exchange. The company warned that as a result of the worsening market environment, it will be "challenging" to maintain or improve profitability. The company also anticipated a decline in sales in the current quarter as well.
Following the communications of the quarter of Nvidia, instead the chip manufacturers stand out, in particular Advanced Micro Devices +3% and Qualcomm +1,5%.
