Piazza Affari appreciates today e closes a positive week, in a European context uncertain awaiting german elections on Sunday and with Wall Street moves in the red after the losses of the day before.
Milan gains 0,45% thanks to the leap of Campari (+6,26%) and to the earnings of Post (+2,64%), which announced record results for 2024, with profits at 2 billion, a target that comes two years ahead of the 2028 strategic plan, in line with the group's updated guidance.
In the rest of the continent it is appreciated Paris (+0,39%), but they are falling back Frankfurt -0,19% Madrid -0,18% Amsterdam -0,11%, while London is flat. The climate is worse on Wall Street, however, which is unable to raise its head after the declines of the day before, when the mood was shaken by the indications on the Walmart sales and the consequent Title Crash (currently down 1,45%). The largest U.S. supermarket chain and the world's largest private employer - with 2,1 million employees - posted better-than-expected results, but said it expects sales to grow between 3% and 4% in the fiscal year: a disappointing forecast, according to experts, that raises concerns about American spending.
This idea is reinforced today by the fact that the US consumer confidence fell in February, hitting a 15-month low, as inflation expectations soared, as households feared that President Donald Trump would introduce large-scale, high tariffs that would weaken purchasing power.
A painting that accentuates the fears of stagflation that are creeping across the ocean.
The stock market is making its presence felt UnitedHealth Collapse (-9,18%) was the worst stock on the Dow Jones (-0,8%), following rumors from the Wall Street Journal that the insurance giant is under investigation for practices related to Medicare, the federal health insurance program.
Manufacturing stagnates in the eurozone
La macro page appeared rosier than expected today in Euroland, but remained rather pale. Thecomposite index It edged into expansion territory in Germany in February (51 points), but in the eurozone the flash estimate says it remained stable at 50,2 and that manufacturing is still stagnant. This figure rises to 47,30 from 46,60 and remains below the 50 threshold, while the services sector falls to 50,70 from 51,30 in January.
Also this month the business confidence region's GDP fell to a three-month low.
In US manufacturing continues to expand, and the preliminary reading of the February PMI rose to 51,6 from 51,2 and expectations and 51,5. Service activity instead fell in contraction to 49,7 (a 25-month low) from 52,9 in January and estimates of 52,8.
Weak Euro
Sul currency market nervousness over the German elections and the macro picture are reflected in a weak euro, which is trading down against the dollar at 1,0455. The single currency still appears solid, after the political earthquake triggered by Donald Trump's attitude on the Russian-Ukrainian war.
Il Greenback Finds Balance Against Yen at 149,68, after yesterday's losses on speculation of rising rates in Japan. That outlook was strengthened today as Japanese inflation strengthened to 4% last month, but the BoJ governor Kazuo Ueda, poured oil on troubled waters by saying that the central bank is ready to increase its purchases of government bonds if long-term interest rates were to rise sharply. Words that sent yields of government bonds from the Land of the Rising Sun lower and curbed the exuberance of the yen, while the Nikkei index gained 0,28%. In Asia, among other things, the session benefited from the excellent accounts of Alibaba (+14,56% now the Nasdaq) and the leap of Nissan (+10%) on a project under study to get Tesla to invest in the Japanese company's capital.
Among raw materials, today the price of , after the new records, while the Petroleum moves in the red, with losses of around 2% for Texas crude, 71,10 dollars a barrel, and Brent, 75,21 dollars.
Piazza Affari, luxury is doing well and eyes are on Mediaset and Olidata
Among blue chips Piazza Affari also shines today luxury titles including Moncler +2,26% and cucinelli +1,44%, while among the banks show off Mps +2,16%. Well Saipem + 1,8% stm +1,4% and Stellantis +1,15%; they are falling back Recordati -1,37% Buzzi -1,1% Eni -0,67% Generali -0,54%.
Also, some of the most interesting stories today are outside the main basket. Among the best titles of the day there is for example Olidata +23,07%, which this morning, with the markets closed, announced that it had won the tender procedure, called by Consip, relating to the stipulation of the agreement for the assignment of the multi-brand supply of software products, software maintenance and related services for the Public Administration.
Le ex Mediaset shares, Mfe A and Mfe B gain 2,83% and 4,35% respectively, with the media returning to the hypothesis that the Biscione is ready to launch an offer on German TV Prosieben (+11,81% in Frankfurt), of which the Berlusconi group is the largest shareholder with 26,9%. The move is expected after the German elections and the TV accounts scheduled for March 6, when Prosieben is also expected to present a plan to cut 500 employees and sell non-core activities.
Bene Fincantieri +2,75%, on which Bnp Paribas raised the target price to 10 euros.
Finally, it records a leap Cairo communication, +7,72% (2,86 euros), which promoted a partial voluntary public purchase offer at 2,9 euros per share on 18% of the capital, not aimed at exiting the stock exchange.
Spread little moved; Btp Più closes and touches 15 billion euros
The secondary looks pretty stable today, with the spread between the 108-year BTP and the Bund of equal duration, which closed at 3,56 basis points, with rates at 2,47% and XNUMX% respectively.
Meanwhile on the primary the Btp Più closes with a full of purchases that are close to 15 billion (14,9) and the Treasury announced that "in consideration of market conditions" the Ministry of Economy and Finance has decided to revise upwards the rates of the BTP plus, from 2,8 to 2,85% that expected in the first 4 years and from 3,6 to 3,7% that for the re
