They advance, albeit with less enthusiasm than the day before, the European stock exchanges. The Wall Street wind is still blowing, but the Brussels forecast on growth halved in 2023 reduces the initial enthusiasm. However, the Milan Stock Exchange is on its way to closing the session on positive ground for the tenth time (out of the last eleven closures).
Stock exchanges latest news: towards an upward weekend
At 13 the FTSE Mib it marks +0,67% at 24,667 points and is even closer to the prices recorded last April. After a sparkling start, the sector of the luxury, inflamed by the announcement of the review of movement restrictions in China; lvmh rises by 2% above the 700 euro mark. In Piazza Affari it stretches Moncler +3,3%. The other stock markets in the Eurozone are also on positive ground despite the signs of a slowdown in the economy highlighted by the forecasts of the European Union. To report the jump +4,3% of the Spanish Cellnex, the largest mobile phone tower operator in Europe, Spain's CELLNEX. Even better it does delivery hero +11,23% after having overwhelmed the forecasts on the trends of the home delivery group.
The stock markets rise, the slowdown in rates pushes bonds down
Expectations of a slowdown in rate hikes pushed bond yields down, but this morning, coinciding with the medium-long term auctions, there was a correction: the Waist 2,07-year German trades at XNUMX% yield, BTP ten-year to 4,10%. spread just above 200 basis points. The Treasury has placed all of the 8,75 billion euros offered in three bonds including, for the first time, a BTP green. Rates on the new 7-year 3-year bond reached their lowest since September.
The Treasury announced that the new BTP Italy, on offer from Monday: it will have a guaranteed minimum annual (real) coupon rate of 1,60%, emphasizing that the definitive rate will instead be established with a subsequent communication at the opening of the fourth day of issue.
On Wall Street, cryptocurrencies are still falling, expected to open on the rise
US stocks are expected to open higher. The Nasdaq futures earn 0,5%. Same variation for the derivative of the S&P500. The macroeconomic data agenda is empty until 16 when theconsumer confidence index of the University of Michigan which could give a new upward shock at the end of a lucky week.
Continue there instead cryptocurrency landslide. Bitcoin is down 2,5% to $17.290, from +13% yesterday. As a result of the fall of the last few days, the value of the bitcoins held by El Salvador has dropped to 41,5 million dollars, Bloomberg calculates that the load price is 105 million dollars.
Titles to report to Piazza Affari
Featured in Milan A2A +2,6% after closing the quarter with Ebitda of 445 million euros, up 70%.
It also advances Azimuth +3,1%. At the top of the main index is Saipem with a leap of 5%. Salt too Mps Bank +1,09% after having clarified in a note at the end of the morning that "the hypothesis of an anticipated distribution of dividends refers to the net profit of 2024 and not of 2022 as mistranslated".
They brake Telecom Italy -2,04% and Prysmian -1,6%.
Finally, the recovery of the euro to 1,025, on its highest since mid-August, +2% yesterday, should be noted. The index of dollar it lost 2,1% yesterday, its worst session in the last seven years.
