Burdened by the coupon detachment of Enel (-0,99%) And Snam (+0,69%) and the losses of Ferrari (-2,22%), Business Square closes today down 0,33% at 30.182 basis points, while the morning trend is once again at record levels on Wall Street.
The picture is green in the rest of Europe: Frankfurt + 0,77% London + 0,39% Paris + 0,56% Amsterdam + 0,86% Madrid + 1,12%.
On the foreign exchange market the euro dollar it stands in the 1,09 area, while among raw materials, crude oil prices are rising with a geopolitical situation that is more tragic every day, between the conflicts in the Middle East and that in Ukraine, while tensions in North Korea are growing. In this context, black gold prices rise, overshadowing any concerns about demand.
Il Brent it earns 1,37% and trades at 79,64 dollars a barrel; The wtf rose by 1,52% to 74,36 dollars a barrel.
S&P 500 at new highs
Mainly supporting the continental stock markets were tech stocks and the optimism of the US stock market, after the S & P500 on Friday it updated its all-time high and today too it seems to be on the same path (+0,3%), thanks to stocks linked to semiconductors and mega caps. Furthermore, the quarterly reporting season continues and there are companies that will present their accounts in the next few days Intel, IBM, Tesla, Netflix and J&J. On the American political front, there has been the withdrawal of Ron De Santis' candidacy in the Republican primaries and his support for Donald Trump.
The ECB on Thursday
The week will again be very important for central banks. On Thursday there will be the monthly meeting of the ECB, tomorrow that of Bank of Japan, the only one of the large central banks that has maintained an ultra-accommodative policy to date. An attitude that was felt on the yen, whose weakness had positive repercussions on the Tokyo stock exchange. Even today the Nikkei rose 1,71%, bringing January's gain to +9%.
In the next few days they will also meet Bank of Canada, that of Norway and Turkey. No changes in monetary policy are expected (except the latter), but investors will be looking for guidance on future moves. As for the Federal Reserve bets on a first rate cut in March have fallen to around 50% after the latest economic data and tough statements from the board's bankers. New ideas may come in this eighth from the preliminary reading of the GDP for the quarter, from personal incomes and consumption expenditure in December, including the PCE data on inflation due out on Friday.
Piazza Affari weakened by utilities; good Nexi
The detachment of an interim dividend for 2024 by Enel and Snam produced a technical effect on the price list of -0,43%, net of which the Ftse Mib would also have risen slightly. Furthermore, utilities in all European markets have suffered and Milan was no exception: A2a - 1,18%, Hera -0,67%. In energy it retreats Eni -0,07%, which in recent days has been at the center of attention due to rumors regarding the possible sale of a stake by the government. Today, in a TV interview that will be broadcast this evening, Prime Minister Giorgia Meloni also spoke about privatizations, saying that the economic budget document estimates an income of 20 billion from these in 3 years. “We can sell some shares of public companies without compromising public control, and in some companies entirely owned by the state we can sell minority shares to private individuals,” she noted. Among the dossiers on the table is that of Railways.
Among the banks it is weakening Bper -0,66%.
The most robust rise of the day is that of Stm, + 2,58%. nexi gains 2,3%, with the payments sector reinvigorated by the fact that Crédit Agricole has entered Worldline with a 7% stake and with the intention of becoming a long-term minority shareholder. This move has also reignited rumors about the next reorganization of Nexi's shareholding in which Cdp (with approximately 13,5%) and several private equity funds, long-term partners, are present.
Among oil stocks, progress is made Tenaris +1,91%. Among financial stocks, good Unipol +2,13% and Azimuth + 1,52%.
Spread little moved and rates falling
While waiting for the ECB meeting, the Italian secondary market is moving steadily. The spread between 157-year BTPs and Bunds closes at 3,82 basis points, with rates falling to 3,87% (from 2,25%) and 2,3% (from XNUMX%) respectively.
