US inflation slows. The figure, adjusted for the volatile components of food and energy, falls more than expected. At an annual level, the increase was +2,2%, below the previous (revised) figure of +2,7%, and just below expectations of +2,3%. One of the factors of market uncertainty is thus eliminated: VIX volatility index falling at 19,50 points, below 20 points for the first time since August 2nd.
The geopolitical situation is increasingly tense
Israel has put its army on high alert for the first time this month after observing Iran and Hezbollah's preparations to carry out the threatened attacks. According to the White House, it is increasingly likely that Iran attacks Israel this week: New information suggests an attack could come before diplomatic talks on the situation in Gaza, scheduled for Thursday. Around 25 rockets were fired by Hezbollah from Lebanon into the Upper Galilee in northern Israel. The attack did not cause any injuries. A senior official of Hamas confirmed that the organization he will not participate in the interviews scheduled for tomorrow and called for an Israeli response to its latest proposal, made in July.
The US stock markets recorded a tonic day even if it fluctuated: +1,68% for the S&P500, +2,43% for the Nasdaq. It is likely that a few more sessions will be needed before the market can move within less volatile parameters again.
Nvidia continues to shine +5,29% (+4 on the eve). Home Depot holds its ground on the day of the accounts +0,97%, despite concerns about the stability of consumption.
Starbucks +20,76%. The company replaced CEO Laxman Narasimhan with Brian Niccol, CEO of Chipotle -10%.
Google presents the new smartphones
Google at its Pixel hardware event has officially launched new smartphones Pixel 9, 9 Pro and 9 Pro XL. This new generation of devices integrates artificial intelligence and uses the proprietary Tensor G4 processor. Compared to the previous series, presented last October, the Pixel 9 stand out for a renewed design. The goal is strengthen its presence in the global smartphone market. Although its market share is still limited globally, Google is gaining ground in the United States and aims to challenge giants such as Samsung and Apple, especially through advanced AI integration. This pivotal moment could bring about a new balance in the industry, with Apple showing lags in AI and Google aiming to solidify its position as a key innovator.
The European indices moved little
Meanwhile, the European indices were mixed: EuroStoxx50 +0,49%, Frankfurt Dax +0,54%. German investor sentiment fell more than expected in August, with the economic confidence index falling to 19,2 points from 41,8 points in July. This was reported by the Zew economic research institute. The consensus gathered by Bloomberg was 34 points.
Little movement in Piazza Affari, gaining 0,25%. Slightly more convinced in London +0,3%, Paris +0,35%, Amsterdam +0,37%, Frankfurt +0,54%. The best of the day was Madrid +0,73%.
Kishida is not running for re-election
Asian stocks got off to a mixed start, with Tokyo quickly losing momentum following news that Japan's prime minister Kishida will not run again as head of the ruling party. The Nikkei 225 fell 0,1% to 36.192,93. In contrast, Australia's S&P/ASX 200 index rose 0,5% to 7.869,40, while South Korea's Kospi gained 0,7% to 2.640,10.
The march of the BTPs continues
In Milan the march of the BTPs continues: the 3,58-year yield fell to 5%, -2024 basis points, a new low since the beginning of 80. The ECB, according to 25% of economists interviewed by Reuters, will cut the deposit rate by 3,25 basis points two more times this year, in September and December, bringing the deposit rate to XNUMX%.
Among the titles it stands out Amplifon (+0,82%) which is about to exceed 10.000 stores thanks to the purchase of a series of new sales points and the launch of a new pilot project to bring Amplifon to the shopping centers in the Sydney area. Australia is the world's tenth largest market for hearing aids.
Monte Paschi Bank (-0,43%) after the parent company was selected by the ECB to participate in the 2024 stress test on cyber resilience.
Prysmian +1,29%, won a lawsuit in the United States for infringement of trade secrets against competitor Sterlite Technologies obtaining compensation of 96,5 million dollars.
stellantis -0,73%, RBC and Goldman Sachs cut the target price.
Team -1,45%, signed with Ardian and Daphne 3 theagreement for the sale of the residual stake in Inwit. The agreement is based on a valuation of Inwit shares of 10,43 euros and entails an additional income for Tim compared to the 2024 guidance of approximately 250 million euros.
