Business Square rose by 0,26% to 27.633 points, at the end of a session full of information on the performance of companies thanks to a large number of quarterly reports, but held back by the uncertain climate on the markets after October's record inflation seen yesterday in the United States .
At the end of the session, the Ftse Mib appears split between the boom of Cnh (+4,38%) which is at an all-time high after the publication of the prospectus for the listing of Iveco (on January 3) and the thud of Interpump (-7,99%) after the accounts, while it is weak Telecom (-1,02%), on the day of the expected extraordinary board meeting wanted by the shareholder Vivendi.
In the rest of Europe: Frankfurt +0,11%; Paris +0,2%; Amsterdam +0,21%; London +0,62%. Slide Madrid -0,55%.
It moves in opposite directions too Wall Street, where the Nasdaq is up along with the S&P500, while the Dow Jones is down slightly weighted by the plunge of Disney (-7%).
The macro picture seen yesterday and the bets on the moves of central banks contribute to induce caution, while Joe Biden's choice over Jerome Powell is approaching, i.e. the decision of the US president to confirm or change the Fed chairman, with bookmakers giving the current governor at 70%.
Il dollar it continues to run and the euro drops below 1,15 in the exchange rate against the greenback. Travel at high speed even thegold, which kicked off yesterday with stars and stripes inflation data. Spot gold is currently trading at around $1861 an ounce, up 0,6%.
Shopping is back Petroleum: Brent moves up 0,5% above $83 a barrel.
In the meantime, a positive input for the markets arrived from China this morning, because Evergrande, paying some coupons, again avoided a potentially destabilizing default. The raw materials and building materials sector in Europe breathed a sigh of relief. However, other clouds have begun to gather over the Old Continent driven by the continuous growth of coronavirus infections and the migrant crisis that is pitting the EU against Belarus, with the latter threatening to cut gas transit to the Union.
Problems that can put a spanner in the works of a growth that appears to be sustained and which today was certified by the European Commission which revised upwards its forecasts, estimating +5,0% this year for the euro area after a recession in 6,4% in 2020; by 4,3% in 2022 and by 2,4% in 2023. In this club, Italy is no longer the Cinderella, but a princess who has found her slipper and runs as much and more than other countries, even if in the short term he will have to face “some headwinds”. In 2021 theThe estimated growth for Italy is 6,2% (Germany last, +2,7%), in 2022 by 4,3% and in 2023 by 2,3%.
For the European recovery “there are three key threats to this positive picture – says the commissioner for the economy Paolo Gentiloni – a marked increase in Covid cases, more acute in areas where vaccinations are relatively low; rising inflation, driven largely by soaring energy prices; and hardships in the supply chain that are weighing on many sectors”.
In this context, yields on Euroland government bonds are rising. In particular, the ten-year BTP rate marks +0,91% and that of the Bund -0,26%, with the spread which rises slightly to 117 basis points (+0,74%).
In Piazza Affari one of the best blue chips of the day, behind CNH, is nexi +4,26%, which for the first time also put the Nets' accounts into quarterly results, showing an increase in revenues and margins.
Sale stm, +1,89%. Retrieve Moncler +1,78%, while the rebound fails Ferragamo -1,23%.
Bene Azimuth +0,95% and between banks Bper +0,73%. The upside is fractional for Generali, +0,68%, with results beyond expectations.
Major thump is for Interpump, even if the numbers appear solid. The stock has grown a lot recently and therefore has few margins, according to some analysts. Equita reduced the rating to hold "as the 2022 outlook is now more correctly priced", and Akros to "neutral".
Post loses 1,59%, despite i results exceeded expectations. However, the stock is at all-time highs and therefore the victim of profit-taking. Weakness for utilities starting from Ivy -1,3%.
