Business Square +1,35% on the fourth consecutive day of increase climbs to a year-long high well over 27.500 points, a breath below the rise in Frankfurt fueled by the excellent results Siemens performance +8,2% after better results than forecasts.
The rally continues despite warnings from central bankers about further rate hikes to curb the euphoria. But, in favor of the positive trend, both i play inflation data German (+9,2% in January at a 5-month low, better than expected) than the acceleration of the Chinese recovery which can provide the right propellant for the European restart. Prometeia records the improvement of the economic situationItalian industry, thanks also to the recovery of the auto sector in Germany, a major customer of Made in Italy.
Swedish crown on the rise
Waiting for the outcome of European Council characterized by Zelensky's visit to Brussels tensions on the bond market cool down; the yield of ten-year BTP it drops to 4,10% from 4,22% yesterday. Down also the Waist to 2,30% (5 points). The spread below 180 points.
Strong rise on the currency market Swedish krona after the increase in rates to 3% decided by the Risk Bank which announced new and forthcoming increases.
Unicredit gives the charge to Piazza Affari
Milan is once again pushing upwards Unicredit, +3.80% one step away from 19 euros. In the morning, the institute received reservations for 1,5 billion for a snc (senior non-callable) bond.
The Italian bank competes today with the Crédit Agricole +4% in Paris after i accounts also fed by our home branch for the title of best European bank. Meanwhile, the sector is confirmed as the most dynamic in this first part of 2023: +17% against +9% of the Stoxx 600 index.
In great dust too Monte Paschi Bank + 9%.
Fa exception Bper, down by 2% at the start due to the disappointment of the quarterly accounts which overshadowed the doubling of the dividend. Very much worse ago the Credit Suisse -5,6%, at the end of a horrible year: the CEO of the group defined the results as "unacceptable".
Tim and Saipem go down, Exor is in fibrillation, Leonardo does well
It stabilizes Tim -1,6% after the slide in openings when, due to an error in entering an order, the stock ended up in the volatility auction with a drop of over 4%. Since January, the increase is 38%.
Also Saipem, after the rush of the last few sessions, it dropped by 1%. Since the beginning of the year, shares are up 33%, thanks to several broker upgrades, while investors are positioning themselves on the stock in view of the results at the end of the month, betting on an upward revision of the estimates.
Well collected Tenaris up about 2%. Positive trend also for Eni + 1,2%.
In fibrillation the four-wheeled stable of Exor. Stellantis + 3,2% runs ahead of Iveco +3% (one of the favorite stocks of 2023) and Cnh +2,4% already penalized in view of the exit from the Milanese list.
To report Leonardo +1,10%. The Asahi Shimbun of Tokyo anticipates that a joint venture between Mitsubishi, Bae System and the Italian company is being studied for the construction of the new fighter.
Google under scrutiny on Wall Street
I futures signal a positive opening on Wall Street. In Nasdaq in particular, it rose by 1,4% after yesterday's setback. In the spotlight Google yesterday down 7,7% due to the unfortunate presentation of the product based on artificial intelligence.
