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Year-end stock rally? Piazza Affari and Wall Street say yes

On the Stock Exchange, the year-end rally bypasses the persistent fears of the Omicron variant - In Piazza Affari, which returns with the Ftse Mib above 27 thousand points, the exploit of CNH stands out, flying to its all-time high - On Wall Street, which collects new record, pharmaceutical stocks run but the case of Moderna breaks out – Oil is clearly recovering

Year-end stock rally? Piazza Affari and Wall Street say yes

Between mobility restrictions, canceled flights, Covid variants of the Greek alphabet that overlap each other and balls gone up in smoke, uncorking sparkling wine at the end of the year will be more a sign of hope than celebration. However, the stock exchanges are not overshadowed and toast even today, on the first day of trading after the long Christmas weekend.

The European lists closed a session with reduced volumes higher, given the period and without the leadership of London, closed for celebrations today and tomorrow. In the world, the Hong Kong and Australian Stock Exchanges also remained closed. 

WALL STREET LOOKS READY FOR SANTA'S RALLY. AIRLINES SUFFER

European sentiment improved in the afternoon, thanks to the appropriate start on Wall Street where the S&P 500 intraday updates its all-time high achieved in the last session. The Nasdaq gains almost a percentage point ed Apple Lossless Audio CODEC (ALAC), (+0,9%) attempts to become the first company with a capitalization of 3.000 billion dollars. In New York, nine out of eleven sectors are up. The airlines are suffering, after the cancellation of thousands of flights over the weekend and almost 800 connections canceled even today due to infections among crews.

However, the concern remains limited and the financial climate remains positive, supported by the strength of the stars and stripes economy confirmed by the data on retail sales released yesterday by Mastercard: +8,5% during the Christmas shopping season, from December 24st to XNUMXth, with a boom in e-commerce.

“Last week Wall Street set the stage for this week's so-called 'Santa Rally', as low volumes and the absence of unexpected news usually allow asset prices to follow the prevailing path of least resistance,” he said. Charalambos Pissouros, head of research at Jfd Group. 

BUSINESS PLACE AMONG THE BEST IN EUROPE. ROCHE SHINES IN ZURICH

In Europe Milano it is one of the best markets and appreciates by 0,8%, consolidating gains beyond the psychological threshold of 27 points (27.231) won in a breath last Thursday (last session of Piazza Affari in the last eighth). Frankfurt registers a progress of 0,52%, Paris +0,76%; Amsterdam +0,86%; Madrid +0,66%. The pharmaceutical sector in particular moved forward. In Zurich +0,67% Roche stands out (+0,94%) after pharmaceutical regulator Swissmedic approved Ronapreve, an antibody treatment developed with Regeneron to treat Covid-19 patients. In addition, on Friday, the Food and Drug Administration granted emergency use authorization for Roche's Covid-19 home rapid test that can be used by people 14 years of age and older.

RAW MATERIALS, OIL REVERSES THE COURSE

Oil accelerates after the start of negotiations in the US and without thinking too much about the problems of tourism raises its head again, despite a falling morning. Brent futures mark an increase of 2,56% to 78,09 dollars a barrel; that of Texan crude +2,9%, 75,2 dollars.

In the middle of the day there was a new drop for natural gas in Amsterdam, with ships arriving from the US to European ports to deliver LNG, liquefied natural gas to be regasified and introduced into the network.

It is slightly movedgold: Immediate delivery bullion is trading at USD 1812,75 an ounce, up 0,2%.

On the foreign exchange market theeuro confirms itself well tuned against dollar and the cross moves around 1,133.

ON THE FTSE MIB CNH FROM RECORD, DIASORIN AND STM WELL

On the main price list of Piazza Affari it hits a new historical record Cnh, which then closed with an increase of 2,47% at 17,195 euros per share. The share is still driven by the spin-off of Iveco, which will debut on the markets in the new year. Borsa Italiana has admitted the ordinary shares of Iveco Group (IVG) to listing on Euronext Milan.

In the wake of Roche it is appreciated Diasorin, +2,91%, while stm +2,26% celebrates the progress of the Apple customer.

Raise your head Moncler, +1,78% after recent sales in the luxury sector. 

Banks (Bper +1,65%) and oil stocks are positive.

Shy Enel, +0,17%, which together with Intesa (+0,51%) signed an agreement with Schumann Investments, (controlled by the international private equity fund CVC Capital Partners Fund VI) for the acquisition of 70% of Mooney, a fintech company that operates in proximity banking and payments services.

Short is the list of declines among the blue chips. I'm down Inwit -0,67%; Generali -0,46%; Terna -0,45%; Italgas -0,42%; Prysmian -0,12%.

Also Telecom loses 0,37%, on the day in which the Department for Digital Transformation received and examined three public-private partnership proposals for the creation of the national strategic cloud pole and chose the one carried out by Tim, Cdp, Leonardo (+ 1,4%) and Sogei.

THE SPREAD FLATTENS

The secondary scales losses in the final. The spread between the Italian and German ten-year period it closed at 136 basis points (+0,39%). The yield of the Btp grows to +1,11%; that of the Bund at -0,25%.

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