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Stock markets close January 17 in rally: Piazza Affari surpasses 36 thousand in the wake of Stellantis. The Btp Più is coming

Stock markets are bubbling ahead of Donald Trump's inauguration at the White House. Milan is among the best stock exchanges in Europe along with the German stock exchange. Wall Street and Nasdaq are also up sharply

Stock markets close January 17 in rally: Piazza Affari surpasses 36 thousand in the wake of Stellantis. The Btp Più is coming

Today the planets of the bags they lined up in the sign of Taurus: Chinese GDP surprised on the positive side, European inflation was in line with expectations, dovish comments from some central bankers raised hopes for rates, Donald Trump ha spoke cordially on the phone with Xi Jinping, while the 'The European Union did not seem deaf at the cry for help of the auto sector and Middle East it might even peace break out. A fortifying cocktail that allowed the European stocks seal sharp rise in week (fourth in a row for the STOXX 600) and Wall Street to rally again, in the best session since November 5. Today is the last before the tycoon's official return to the White House.

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Europe racing on 4 wheels, London stands out above all

Piazza Affari closes with a gain of 1,35%, which allows the Ftse Mib to update its highs from January 2008 to 36.267 basis points. Industrial stocks are looking down on the list and among the liveliest are the four-wheel (and related) stocks such as Iveco (5,72%) and stellantis (+2,8%), in an automotive sector that is well bought at European level after the news that the EU is studying initiatives to support the sector for the transition to electric.

The picture is therefore similar in the rest of the eurozone: Frankfurt + 1,3% Paris + 0,98% Amsterdam + 0,72% Madrid +0,57%. Off the block it stands out London +1,35%, where the Ftse 100 reached a new all-time high of 8.505,29 basis points. Also giving a helping hand to the shares of the many exporting companies listed in London is the Pound Weakness (-0,3% against the dollar at 1,22) weakened by an unexpected drop in UK retail sales in December. The mining sector is buoyant on rumours of a possible merger of the giants of the sector Glencore e Rio Tinto.

At the continental level, the appetite for risk was initially whetted by the Chinese GDP, rose to 2024% in the fourth quarter of 5,4 against analysts' average estimates of 5%-5,2%. This is the highest figure in the four quarters of last year, which closed with an overall growth of 5% (against 5,2% in 2023). Theinflation did not bring any nasty surprises, as Eurostat confirmed the expected recovery in the Eurozone to 2,4% in December, from 2,2% in November and to 2,7% in the EU from 2,5%.

Wall Street ready to welcome Trump

Subsequently, optimism in Europe was consolidated with thematching opening of Wall Street, which is continuing to trade in progress after yesterday's weakness. Also contributing to giving relief to the stock market are purchases on T-Bonds, which see rates slightly decreasing after the Fed governor yesterday, Christopher Waller, has raised the possibility of three or four interest rate cuts this year. Federal funds futures have thus come close to pricing in two rate cuts in 2025 again, after having doubted that any cuts would come until last week.

The hearing before the US Senate Finance Committee of Scott Bessent, Trump's nominee for Treasury Secretary, was also well received by the market.

Euro-dollar little moved, oil falls

On the foreign exchange market theeuro-dollar still appears to be precariously balanced on the edge of 1,03, while the single currency appreciates against the pound at 0,8442 and against the yen at 160,68.

Among the raw materials is plate the gold, after yesterday's gains, while the futures of the Petroleum with the truce in Gaza. The March 2025 contract of Brent loses about 0,75% to a price of 80,69% dollars per barrel. The trend of the March contract of WTI is similar, trading at 77,25 dollars.

La New Trump Presidency Smiles on Bitcoin, which is moving well above one hundred thousand dollars at the moment at 104,368,40. According to the New York Times The president-elect's men are said to already be working on a proposal to establish a federal stockpile of Bitcoin.

Piazza Affari tonic with Iveco, Buzzi, Stellantis

In the top ten of Piazza Affari today there are many industrial stocks. The list opens with Iveco and continues with Buzzi + 4,32% stellantis, Prysmian + 2,63%.

The first financial title to highlight is Azimuth +2,95%, on 2024 accounts and forecasts that convince the market, while in luxury it confirms itself as well bought BRUNELLO CUCINELLI + 2,65%.

The recovery of continued today nexi +1,96% and Campari + 2,38%.

The banking sector remained on the sidelines, falling slightly Ps -0,4%, but Unicredit soars with a growth of 1,3%. Observers are wondering about the Barclays move, Commerzbank rises to 16%According to rumours, the English bank has no intention of targeting the German bank, but is instead acting on behalf of a client and this could be Unicredit. For Milano Finanza, citing market sources, this would not, however, involve an additional share of Orcel in the Germans, because Barclays would be acting as a counterparty to Unicredit in the context of a contract concerning the potential 28% share already optioned by the Italian bank.

Among the few blue chips Amplifon is on the decline -1,54% and Saipem, -0,58%. The latter also due to the downgrading of Kepler to 'hold' from 'buy'. The broker instead promoted to Maire, which has become a stock to buy and, outside the main basket, today recorded a rise of 9,58%.

Stable spread and BTP arrives in February

On the secondary market it appears spread stable at 113 basis points between the Italian 3,64-year and the German 2,51-year, while the yields fell slightly to XNUMX% and XNUMX% respectively.

Meanwhile the Title menu at the disposal of the Treasury is enriched by the Btp Più, a new title dedicated to retail in the wake of Btp Valore, but with the characteristic of being repayable early. The bond has a duration of eight years, but from the fourth year it will be possible to request the reimbursement of 100% of the capital. The issue will be from 17 to 21 February.

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