Positive start, then a slow braking. These are the latest news from European stock exchanges who opened the week on positive ground thanks to the banks. Then the rise of the euro against the dollar made itself felt. TO Milano approximately -0,4%, particularly affected by the detachment of the coupons of Enel -3,9% and Snam-3,5%, the former dividends of 2023. YTD performance is around + 8,20 %, almost in line with the +8,60% recorded by the index eurostoxx 50 of the top 50 blue chips in the eurozone. 2022 ended with a decrease of -13,30%.
Stock exchanges latest news: new rate hikes are coming
The feeling is that, after a brilliant start to the year, the financial markets are facing the first real test of the year. central banks, ECB in the lead, will they still leave room for Taurus, or will investors, large and small, still have room to make up for it after 2022, a horrible year for savings? The spotlight is thus focused on the statements of European bankers. He spoke first yesterday Class Knots, the Dutchman who leads the hawks' front hoping for half point increases both in February and in March. But today he will also turn to Fabio Panetta (dove) and Austrian Holtzmann (another falcon). Finally, ma'am Christine Lagarde will have to draw a not easy synthesis.
The tests for trust and savings are underway
In the middle, at 16.00 the index of the consumer confidence in the EU, one of the most sensitive indicators of the mood of Europeans, stressed by pandemics and echoes of war from Ukraine. Some signals from the investment world point to one stronger resistance expected. It applies to the formidable response of families to the Eni bonds: more than ten billion requests, five times the offer.
Stock exchanges: eToro explains how to copy the choices of Buffett and Icahn
But, to underline the underlying strength of the stock market, comes the eToro survey, conducted on a sample of 10.000 retail investors (one thousand in Italy) from which it emerges that 43% of those interviewed intend to maintain or increase their portfolio. “Italian investors have had a torrid time in 2022, but the sentiment is back on the rise and many feel more reassured by the signals they receive about inflation,” comments Emanuela Manor, eToro's regional manager for Italy. Against this backdrop, the global investor network (30 million registered users who share their investment strategies) is launching a new product: value gurus, a portfolio that offers retail investors long-term exposure that copies the choices of the most influential "gurus" pursuing a value investing approach from Warren Buffett to Carl Icahn.
Spread at 181, Intesa Sanpaolo runs
Also on bonds there is a feeling of a decisive test for the price trend. These are the latest news from the Stock Exchanges. After the data on consumer confidence, the results will arrive tomorrow PMI indices on Eurozone economies followed on Wednesday by'ifo German, "Considering the prospects of further ECB tightening up to about mid-year - writes Unicredit - the uncertainty linked to the implementation of the quantitative tightening and the prospects for relatively plentiful supply, we see no room for further market tightening spread” now around 181 points (Btp just over 4%).
In Milan it shines Intesa Sanpaolo +2,27% best European banking stock in great recovery from -2% on Friday: the operations in the pipeline, explains the bank, do not put dividends and buybacks at risk.
Gas effect of A2a and Italgas
Under the impetus of declarations arriving from Algiers on the future of Italy as a potential European gas hub, they rush Italgas +2,6% and A2a +1,6%: Slow down Generali unchanged after exceeding the bar of 18 euros.
In the rest of the list, it recovers some positions Juventus -5% from the initial -8%. The title pays off penalty of 15 points in ranking imposed by the Federal Court.
All down too Technogym -4,6% after broker Stifel downgraded its recommendation to 'Hold' from 'Buy', highlighting the fitness company's shares have run out of room to rise after jumping about 50% from their September lows.
