After the nervousness and fears of the past few sessions, today the international financial markets are generally positive, with investors digesting the impact of the duties of Trump, for now considered modest on the economy, while they prefer to turn their attention to the company balance sheets. This has helped keep the dollar, giving some respite to its counterparts who had been hit hard earlier in the week. Asian stocks they are positive, following Wall Street which closed on the rise in a fluctuating session, while the US Treasury yields have come under pressure after yesterday's mixed data.
Futures on European stocks indicate a good rally, extending yesterday's rally dominated by pharmaceutical stocks after Novo Nordisk's heavy sell-off. The decision of the Central Bank of England, which should cut rates. At Piazza Affari, focus is on the data from Mount Paschi
Wall Street closes positive
All three major U.S. stock indexes closed in positive territory yesterday, but the tech-heavy Nasdaq's rally was held in check by disappointing gains in A and US Treasury yields they have been confirmed near its lowest level in over a month.
Investors are now focusing on rate outlook USA. Yesterday the vice-president of the Federal Reserve Philip Jefferson said he was satisfied with the current level of rates as long as there is a better sense of the effects of the Trump administration's policies on tariffs, immigration, deregulation and taxes. Futures are currently pointing to a Fed easing of just over 45 basis points by the end of the year. US data yesterday was mixed: on the one hand, it showed a stronger-than-expected recovery in private employment (ADP), on the other, a surprising deceleration in the services sector, and record imports also pushed the US trade deficit sharply widening.
I futures on the Nasdaq are up 0,04%, while S&P 500 futures are up 0,09%. Data is due today Amazon which closed down 2,43% yesterday. Yesterday the worst performances of the Nasdaq were recorded on A, which closed at -7,29%, Advanced Micro Devices, down 6,27% and Tesla Motors, down 3,58%. Eyes on Nvidia. Super Micro’s product — which is essentially the basic infrastructure an AI data center developer needs to run Blackwell chips at scale — has reached “full production availability,” the company said in a statement Thursday. The news helped ease some concerns about supply chain woes at Nvidia, which the company has cited as a challenge in rolling out its most advanced AI chip yet. Demand for the new Blackwell chip continues to outpace supply.
China defends yuan again. Asian stocks positive
The People's Bank of China (PBOC) today again set an average rate for the yuan stronger than expected to counter fears that the currency could plunge to offset the impact of tariffs on the country's exports. That kept the onshore yuan steady around 7,2766 per dollar, while its offshore counterpart rose 0,07% to 7,2778.
China's blue-chip CSI300 index reversed early losses and is trading slightly higher, while the CSI 300 index of US stocks Shanghai and Shenzhen is up 1,2%, KOSPI of Alone +0,9%. The MSCI Asia Pacific index is on nine-week highs. Strengthening Yen Doesn't Put Much of a damper on Tokyo Stock Exchange: Index Nikkei +0,60%. The Japanese Stock Exchange received the first IPO of 2025 with a performance that gives hope for new arrivals: Next Generation Technology IPOs in Japan have fallen 60% in recent months compared to the previous year, after having seen a surge in October, according to data collected by Bloomberg. The Hang Seng Index of Hong Kong salt of 0,9%. Alibaba rises on the eve of the publication of the quarterly data, since the beginning of the year the stock has gained 18%. The BSE Sensex index is slightly down Mumbai, .
Dollar for sale
The greenback, so sought after at the beginning of the week, is now being put on sale. The euro settled above the $1,03 level with a peak at $1,0398, while the GBP held close to a one-month high and reached $1,24995 ahead of the Bank of England's decision today with expectations of a rate cut.'dollar index, which measures the U.S. dollar against a basket of currencies including the yen and the euro, remained near a seven-day low at 107,61.
Meanwhile, it yen rose 0,3% to 152,11 per dollar, helped by comments from Bank of Japan board member Naoki Tamura, who said the central bank must raise short-term interest rates to at least 1% by the second half of fiscal 2025 to contain inflation risks.
With regard to raw material, the prices of Petroleum rose, stabilizing after the previous day's sell-off. U.S. crude rose 0,32% to $71,27 a barrel, while Brent crude rose 0,23% to $74,78. Their has resumed its run, settling near to a record and touching $2.869,62 an ounce.
Bank of England expected to cut rates today
It is virtually certain that the BoE will cut interest rates today, even though it would be only the third cut since the pandemic in 2020, as it must reconcile the need to help thestagnant economy with the inflationary pressures still strong. The focus, however, will be on the outlook for rates UK, especially as investors have a lot to worry about: from tax hikes for employers by Finance Minister Rachel Reeves, to the risk of a Trump-led global trade war, and rising prices. The UK economy has barely grown since mid-2024. Markets are pricing in more than 80 basis points of easing by the end of the year.
Later in the day, the central bank of mexico will also announce its rate decision, with a likely 50 basis point cut, as inflation cools and the economy contracted slightly late last year.
European stock markets seen positively. Watch out for Monte Paschi and bankers
European stock markets are seen opening positively: European stock futures are up +0,5%.
GermanyGerman industrial orders rose 6,9% in December from the previous month on a seasonally and calendar-adjusted basis, according to data released by the Federal Statistical Office. A Reuters poll of analysts had predicted a 2,0% increase.
Monte dei Paschi di Siena Bank closed 2024 with revenues up 6,2% compared to the previous year. The Siena institute speaks of progressive value creation with over 1 billion euros of dividends (0,86 euros per share; 75% pay-out ratio on pre-tax profit), corresponding to a dividend yield of 14%, among the highest in the sector. The interest margin at 31 December 2024 was equal to 2.356 million euros, up compared to 2023 (+2,8%, equal to +63,7 million euros). Net commissions, equal to 1.465 million euros, show significant growth compared to those recorded in the previous year (+10,8%), attributable to the excellent performance of the management/intermediation and consultancy activity (+19,0%, equal to +113,7 million euros) and the positive trend of the commercial banking activity (+4,1%, equal to +29,7 million euros).
FinecoBank communicated that for the 2025 financial year, management expects a cost/income ratio of less than 30%, while the payout is expected in a range of 70-80%.
Recordati Spa announced on Wednesday that it purchased 5.041 ordinary shares of its own between January 27 and 31. The shares were acquired at an average price per share of €56,0592, for a total value of €282.595. As of today, the company holds 2,7 million treasury shares, equal to 1,3% of its share capital. Recordati shares closed Wednesday up 0,6% at €59,45 per share.
nexi According to some newspapers, some of the private equity funds present in the capital are exiting.
Anima closed the 2024 financial year with a consolidated net profit up 53% thanks to the solid trend in revenues that more than offset the higher costs for acquisitions and the early vesting of employee incentives triggered after the announcement of the takeover bid launched by Banco Bpm at 6,2 euros. Banca Mediolanum and Bper Banca also tested their 2024 accounts.
FerrariDeutsche Bank initiated coverage with a hold rating and a target price of 430 euros, while Barclays cut its recommendation from overweight to equal-weight (target price of 485 euros).
Leonardo. U.S. Defense Secretary Pete Hegseth and Panamanian President Jose Raul Mulino have agreed to expand cooperation between the U.S. military and Panamanian security forces in the wake of a dispute over the canal. “The two agreed on the strong relationship and the many security interests that the United States and Panama share, including safeguarding the Panama Canal,” a Pentagon spokesperson said.
Ford forecasts a significant decline in adjusted pretax earnings in 2025, citing deep losses from its electric-vehicle business that will continue to weigh on profitability. Ford reported adjusted earnings of 39 cents per share on revenue of $48,2 billion in the latest quarter, compared with analyst expectations for adjusted earnings of 34 cents per share on revenue of $47,4 billion.
