Positive morning for the European markets, up again thanks to the push of the first quarterly results of the Old Continent which offset the prospect of the next increases in the cost of money, at the center of the meetings of the Fed (February 1) and the ECB (the day after). Here is the latest news from the stock exchanges in Europe.
In the meantime, Piazza Affari scores a rise that is close to 1% beyond the barrier of 26.100 points. The BTPs are under pressure: the yield rose again to 4,13%, the spread on the Bund to 191 points. While awaiting Frankfurt's decisions, the next Treasury auctions weigh: today 26 January 5 billion short-term BTPs were placed, tomorrow 5 billion 6-month BOTs, on Tuesday the medium-long term offer which, Unicredit anticipates, will be placed between 5,75 and 7 billion. There manufacturing confidence rose to a 5-month high.
Stock exchanges latest news: in Piazza Affari it is the day of Stm
In Piazza Affari it is the day of Stm +7% over 42 euros, projected into orbit by accounts announced in the night. The chipmaker reported quarterly revenue of $4,4 billion, up 24% year-over-year. The forecasts are even better, as indeed theoverweight by Barclays on US securities in the sector. Both sales volumes and profitability recover, in line with the restart of the auto sector.
Also noteworthy is the Tod's leap +5%, at its highest since December right from the start thanks to higher-than-expected revenues, finally above pre-pandemic levels. The result is all the more impressive because it coincides with the closures of stores in Greater China due to Covid, the most important area for Della Valle group sales.
European stock exchanges: strong purchases on banks, weak oil and utilities
Bank purchases: Fineco +2,3% Unicredit and Intesa, paired at +1,8%. occupy the first places of today's ranking of performances. The index of the Italian sector marks a progress of 1,4% while the European one reaches new highs since March 2022, consolidating the tendency to outperform the global index: +11,80% since the beginning of the year. Banks will have to find a new equilibrium point, this is the warning of S&P Global Ratings contained in a report in which the underlying vision is in any case positive.
On the shields too Leonardo +1,8% in the tenth session upwards (out of the last eleven). This morning SocGen raised its target from 10,60 to 11,10 euros, strengthening the Buy. he Bank raised the target from 11 to 12,50 euros, (Buy),
Weak day instead for oil companies and utilities; in red Erg, Terna and Saipem.
Wall Street: expected opening on the rise
Many sensitive data are expected from the US in the afternoon, starting with the annualized GDP of the United States for the fourth quarter, the durable goods orders for December, as well as the sales of new homes and the request for unemployment benefits.
US stocks should open higher: the Nasdaq futures scores +0,6%.
Corre Tesla +6% after the quarterly, the Dow chemistry is negative, anticipating a disappointing first quarter in line with the first winds of recession.
Gold hit $1.949 this morning, its highest price since last April. The precious metal is heading towards the third positive month in a row, after closing eight consecutive lower ones. The turning point came at the end of October, when the feeling that the inflation peak was behind us began to spread among investors. +6,20% from January XNUMXst.
