After a closure in Wall Street rally yesterday evening, this morning i Nasdaq futures are aiming for the red after the disappointment inflicted by the disappointing accounts of A which has shown itself to be overspending on capex. The Google owner's shares fell 7,6% after hours, wiping $192 billion off its market value. So too did asian bags are cautiously contrasted, while the dollar loses ground against the yen and the dollar falls returns of U.S. Treasury securities. European stock futures are all slightly in the red, which is not surprising given that Trump continues to warn that the European Union is in the crosshairs of duties without specifying what it wants in return. Meanwhile, the EU is also thinking about countermeasures.
But does Trump really want to take over the Gaza Strip?
Investors were also shocked by the president's sudden statements Donald Trump , according to which the United States would like to take over the Gaza Strip devastated by the war and develop it economically transforming it into Middle East Riviera, once the Palestinians have resettled elsewhere, of course. The proposal is seen as risking greater political uncertainty and market volatility in the future. It is unclear whether it is a serious proposal, given that it is eerily reminiscent of an idea floated last year by Trump's son-in-law, Jared Kushner, that Gaza's coastal properties could be very valuable and Israel should remove civilians while the Strip is cleaned up. Markets have apparently taken this with a grain of salt: the Petroleum he didn't react but their It rose further, hitting new all-time highs.
Wall Street Closes Positive Yesterday. Palantir Shines. Eyes on Google
The New York Stock Exchange had a bullish session yesterday, with the Dow Jones up 0,30%; along the same lines, a day of gains for the S&P-500, which ended the day at 6.038 points. In money, the Nasdaq 100 (+1,26%); along the same lines, a good performance for the S&P 100 (+0,9%). It shines Palantir Technologies after the accounts, with a 24% increase that brings it to a value of over 236 billion dollars. Worth noting, at the top among the Wall Street giants, are Dow (+3,13%), Chevron (+2,60%), Apple (+2,10%) and Amazon (+1,95%). The strongest sales, however, hit Paypal, which ended trading at -13,17%. Letter on Moderna, which recorded a significant drop of 6,51%.
On the quarterly front, after the market closed, stocks A, Google owner fell 7,6%, wiping $192 billion off its market value: the company reported below-expected cloud revenue, even as it ramps up spending on artificial intelligence. Instead, shares Snap rose after the social media company's fourth-quarter results beat estimates. Earnings season continues today, with Walt Disney and Uber Technologies set to report results before the open.
But today the S&P 500 futures fell 0,4% and Nasdaq futures lost 0,5% in response. Delays in imposing tariffs on Canada and Mexico have at least eased fears that the Federal Reserve might slow down the rate hike. two-year treasury yields returned to 4,224%, after peaking at 4,282% on Monday.
China cautious after vacation. Beijing still the yuan
I Asian markets they are conflicted but all in all cautious and relieved by the fact that for now the Beijing's retaliation to Trump's tariffs they seem contained. The Chinese Blue Chips returned from the more than week-long Lunar New Year holidays with a decline limited to 0,2%. The CSI 300 index of stocks Shanghai and Shenzhen is at -0,3%. The Hang Seng also turned negative and lost 0,7%. Hong Kong.
Beijing he set a anchoring for its yuan of 7,1693 per dollar for its yuan, fearing a slide in the currency to offset the impact of tariffs on its exports. The dollar rose 0,5% against the onshore yuan, but that barely matched the level of the offshore market and remains well below Monday's record of 7,3765.
China has so far responded relatively modestly to the 10 percent increase in duties imposed by Trump, announcing countermoves (with duties of up to 15% on coal and liquefied natural gas imports and a 10% duty on crude oil, agricultural equipment and some cars) that cover, JP Morgan says in a note, only 14 billion dollars of US exports to China. For a few hours now the US Postal Service does not deliver parcels arriving from China and Hong Kong Post.
This morning a poll showed that theservice activities in China grew at a slower pace in January, but analysts suspect that was largely due to the coincidence with the Lunar New Year holidays.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0,6% and the main index South Korea rebounded by 1,2%. The Nikkei Japan's yen was unchanged while the yen broadly rose alongside Japanese government bond yields which hit new multi-year highs after positive wage data boosted expectations of further tightening by the Bank of Japan this year.
Dollar retreats from peaks, Euro returns within sight of 1,04
The decline in Treasury yields coincided with a Dollar retreats from its peaks, with the dollar index falling to 108,050 from Monday's peak of 109,880. The euro strengthened to $1,0380, after hitting a two-year low of $1,0125 earlier in the week. Similarly, the dollar had retreated to $1,4327 Canadian Dollars from a 22-year high of 1,4792. The dollar also fell 0,7% on the JPY, hitting a seven-week low of 153,09, breaking support at 153,72.
In the markets of raw material, their hit a new all-time high of $2.848 an ounce, helped in part by a decline in the dollar and yields. Prices of Petroleum have been weighed down by Chinese tariffs on US oil imports, but have found support in reports that Trump has reinstated his “maximum pressure” campaign on Iran in an effort to cut Iranian oil exports to zero. Brent crude fell 35 cents to $75,85 a barrel, while U.S. crude lost 22 cents to $72,48 a barrel.
European stock exchanges
European stocks are seen opening weak based on the performance of EUROSTOXX 50 futures at -0,5%. US futures are also down.
Fincantieri. Maxi order in cruise ships. The agreement with Leonardo for the former Wass division has been closed, which will strengthen the in-house underwater hub. The shipbuilding giant led by Pierroberto Folgiero has brought home a contract from Norwegian Cruise Line Holdings (Ncl) for the construction of four cruise ships latest generation (in terms of low environmental impact). The order (defined as very important by the group controlled 71,3% by Cdp) is worth approximately 9 billion euros, therefore over 2 billion euros per ship.
Mediobanca. Aurelia, the holding company of the Gavio family, sold a put option on 250 Mediobanca shares on February 4, 2025. The expiration is December 19, the strike at 14 euros, the weighted average price equal to 1,095 euros. Aurelia is part of the consultation agreement between Mediobanca shareholders with 4,3 million shares. The operation, not the first in recent days, was disclosed to comply with the regulations after the voluntary total exchange offer announced by Banca Monte dei Paschi di Siena on Mediobanca.
Monte dei Paschi di SienaThe board of directors of the Sienese bank will meet today to examine the financial results for the 2024 financial year.
Unicredit notified the Italian government of the offer launched on Banco Bpm under the golden power regulation
Intesa Sanpaolo raised its 2025 profit forecast to well over 9 billion euros, expecting higher revenues and lower costs. CEO Carlo Messina said he had no intention of participating in M&A movements in the Italian market. The bank had previously evaluated a potential acquisition of Generali and decided not to do so, the CEO said, ruling out any further interest in a stake in the insurance group.
Anima meets the board of directors on the preliminary accounts for 2024.
Ferrari has forecast revenue and earnings growth in 2025. The Red will present its first fully electric vehicle at the capital markets day scheduled for October 9.
Stellantis has appointed Fabio Catone to replace Eric Laforge as head of the Jeep brand in Europe, effective immediately. Anne Abboud is the new head of the Pro One division.
Crédit Agricole, France’s second-largest listed bank, beat forecasts for quarterly earnings with a 27% jump, led by insurance and asset management businesses, although investment banking underperformed peers. Crédit Agricole said net profit for the three months to December rose 27% from a year earlier to 1,69 billion euros, beating analysts’ average estimate of 1,32 billion euros. Revenue was 7,1 billion euros, up 17%, also beating an average forecast of 6,53 billion euros. A strong fourth quarter helped Crédit Agricole post record revenue and net profit for the full year, the latter totaling more than 7,1 billion euros.
