European inflation slows down. The Stock Exchanges are about to close the best week of the last eight. In the hope that in the afternoon the data on USA work you don't spoil the party in the finale. Here is the latest news.
Stock market latest news: inflation, bonds, spreads
Piazza Affari, flat at the start, advanced by half a point after the publication of the data oninflation in the Eurozone in December. In parallel the index Eurostoxx brings the progress of the week to 3,4%. The energy sector contributes upwards: Shell +1,1% revises upwards the profits of the last quarter. Consumer prices recorded a drop of 0,3% month on month, more than what was expected by the consensus (-0,1%), in November the drop was 0,1%. Year on year, the increase is by + 9,2 %, from +10,1% in the previous month.
slow downGerman economy. Industrial orders fell much sharper than expected in November, contracting -5,3% seasonally adjusted and calendar adjusted. This is what emerges from the data provided by the Federal Statistical Office.
The bond market was little moved. The Waist German treats at 2,33%, the BTP al 4,35%. spread at odds of 201,76.
Stock market latest news: ECB is preparing to close the hikes by the summer
Stable euro/dollar at 1,051, little moved. The ECB could close the cycle of rate hikes by the end of the summer, but the belt will remain tightened for as long as "necessary" to bring the price trend back towards the 2% target. The indication, the first on the duration of the monetary tightening process, came from governor of France and member of the executive council of the ECB, Francois de Villeroy de Galhau, in a speech to the representatives of the financial industry held yesterday evening in Paris. The market is betting on rates just under 3,5% for September and the president of the ECB Christine Lagarde, on the occasion of the December board meeting, opened up to further increases of half a percentage point starting in February.
In Piazza Affari shine oil companies and banks
In Piazza Affari they stand out oil e banks. Saipem rises +2.4% in the wake of oil. On Banco Bpm and Unicredit. The Stoxx Banks index is on the fifth consecutive rise and reaches new highs in the last eleven months. Since the beginning of the year, it has grown by +7,50% vs +3,40% of the Stoxx 600 index.
It also advances Telecom Italy +0,60% to 0,235 euro, after having scored a top at 0,2382 euro. The next technical table between the government and the parties involved should take place next week, on 12 or 13 January.
Among the minor titles it stands out Avio +2,5% to 10,66 euros. The aerospace company has recovered all the ground lost following the failure to take off of the Vega C launcher last December.
Diasorin -1,89%, down in line with the pharma sector.
Stock Exchange Wall Street: flat futures, waiting for the data on employment
At WallStreet the future ofS & P500 and the future of Nasdaq they are almost flat.
Today's data at 14.30 will provide more precise indications on the trend of theUS occupation. The consensus expects a change in wages of 200.000 in December, from 260.000 in November. The unemployment rate is seen stable, still very low, at 3,7%.
Miss new hits Tesla -5% in the pre-purchase. The company has cut the prices of the Model 3 and Model Y in China. Between 5,7% and 13%.
One of the most followed titles in retail, Bed, Bath & Beyond -12% goes bankrupt. Bloomberg reports that executives at the home improvement chain will take the books to court in the coming weeks. Yesterday the company had warned that it was unable to ensure business continuity.
Il gassexchange rate on the Amsterdam Stock Exchange is up 5% to 77 euros per MWh.
