They gallop i BTP, the shares trot. Waiting for data on the trend of US consumer prices, out at 14,30 (Italian time): an increase of 6,5-6,6% is expected against +7,1% in December. But in its economic bulletin the ECB raises inflation estimate to 6,3%. of 2023 while revising growth estimates downwards: only +0,5% for 2023, +1,9% the following year.
Business Square however, it advanced by around 0,50% above 25,600 points, in line with the other markets. in Frankfurt theDax index it goes back over 15 thousand points. Even today the most impressive data concerns the race to the BTPs: the 4-year yield has fallen below 3.95% (minimum at 184%), while the spread fluctuates around 180 points (but with an incursion up to XNUMX). The markets like the much-contested decision not to extend the exemption from excise duties at the expense of public finance.
Stock exchanges latest news: waiting for US inflation, Iveco and Tim fly
Underlying the trend, which also concerns the rest of the European sector, is the market's strong belief that the data onUS inflation – could signal a further decline and consequently push the Fed to slow down the monetary tightening process. The decline also held up when examined by the auction of medium-term securities which rose, in the case of 3-year bonds to a maximum since mid-October to 3,26% and in the case of 7-year bonds to the highest level since mid-November (3,77 .XNUMX%).
Corporate bonds are also beginning to move. Eni +0,93% announced the launch of the offer, starting next Monday, of the first bonds intended for the public in Italy linked to its sustainability objectives, for a total value of 1 billion euros, an amount that can be increased up to 2 billion in the event of excess demand.
In the Italian price list it excels once again Iveco +3,26% supported by the sales of 150 E-Way electric buses to the Railways and 36 armored vehicles to the Italian Navy.
Follows Telecom Italia +3%. Minister Urso confirmed on Wednesday that among the government incentives for the telecommunications sector being studied by the government there would be a potential cut in VAT on telephone services, which could be worth between 553 million (from 22% to 10%) and 784 million (5 %), as well as new Vouchers worth 600 million per sector.
In positive territory too Leonardo +1,3% ed Enel + 1,2%.
Among the utilities, Iren is up +1,8%, after the signing of the contracts for waste management in Parma and Piacenza for 15 years (120 million). The company has given a mandate to the advisor Rothschild to study the possibility of enhancing the gas distribution network, a path that could lead to the entry into the capital of a financial player with a minority stake.
In Piazza Affari, Omer shines among the SMEs
Among the SMEs, the order won by Omer +18%, a pocket-sized multinational in rail transport, with Knorr-Bremse (German leader in the railway world) for the supply of toilet modules. The supply is part of a larger train construction project managed by the Alstom group for the development of a new railway service in the Yucatan peninsula in Mexico. The order awarded to Omer provides for the supply of toilet modules for 42 trains, for a total contractual value of around 5 million euro.
Stock exchanges latest news: Wall Street futures on standby, Swiss franc weak
I US stock futures they are little moved on the eve of the crucial data on inflation. The 3,51-year Treasury Note traded at 3,58%, from XNUMX% yesterday.
Nelson Peltz, one of Wall Street's most aggressive investors, has announced his intention to battle Walt Disney against the return of Bob Iger to the top.
Among the G10 currencies, the Swiss franc remains weak, with the exchange rate above parity for the first time since July 2022.
WTI oil up for the sixth consecutive day, this morning at 77,5 dollars a barrel, +3% yesterday at the close.
Gas Europe up 4% to 68 euro MWh. In the US, gas is rebounding from its lowest since June 2021.
Gold on new medium-term highs at 1.884 dollars an ounce, +0,4%.
