THEinflation scares Wall Street, with January producer prices exceeding expectations, but i price lists Europeans, although slowing in the afternoon, closed at historic highs, driven by retail sales in the United Kingdom and new quarterly reports.
Business Square it is one of the most cautious and rises by 0,12% to 31.732 basis points, for a robust weekly advance of 2,15%. The main Milanese index is being held back by a heavyweight such as Eni, -3,08%, which pays a pledge to 2023 results and to a declining fourth quarter. However, he took steps to tip the scales towards the plus sign Unipol, +21,03%, euphoric after the announcement of a takeover bid on Unipolsai (+10,85%) for 2,7 euros per share.
Europe's leading stock exchange London, +1,53%, celebrating the rebound in retail sales (+3,4% in December), well beyond forecasts. A figure that gives hope for a rapid overcoming of the technical recession recorded at the end of the year.
I'm in progress Amsterdam + 1,24% Frankfurt +0,42% and Paris +0,32%, is down Madrid -0,43%.
US inflation pushes rates and weighs down Wall Street
Overseas Wall Street proceeds weakly alarmed come on producer prices above January expectations: +0,3% (month), +0,9% (year). A figure that adds to that of consumer prices in recent days and which was immediately felt on Treasury bonds, which saw falling prices and rising rates, with the 4,3-year bond at 1,077%. The dollar index also increased, although the euro maintained an exchange rate around XNUMX.
In the stock Nike (-3,84%) is the worst stock on the DJ (-0,23%), after announcing a cut in its workforce by 2%, to reduce costs. The Wall Street Journal, who had access to internal information sent by the CEO, John Donahoe, speaks of a "painful reality" and a moment "in which we are not performing at our best".
Bene Coinbase +14,6%, cryptocurrency trading platform, after earnings above expectations.
Piazza Affari, Unipol superstar
In Business Square the headline of the day is Unipol, which will proceed with the incorporation of the subsidiary Unipolsai upon conclusion of the offer of 2,7 euros per share (with an incorporated premium of 12,6%). The CEO of the Bolognese insurance group, Charles Cimbri, in a press conference he argued that the decision is "totally indifferent to our banking strategies", which include the shares of Bper (+1,38%) and Popolare di Sondrio (-0,58%). In any case, the reorganization will allow the via Stalingrado giant to put its investments under a single umbrella. According to Equita, which judges the move positively, the operation "simplifies the positioning of the group in a context of consolidation of the banking sector".
Net of Unipol, it remains in evidence Prysmian +1,79%, after yesterday's jump and luxury remains in good health (cucinelli +1,82% and Moncler +1,13%), while financial stocks are mixed and energy and utility stocks are down.
The black jersey of the day goes to Eni, but among the big names on the stock exchange and in the energy sector it is also falling Enel -0,86%. I'm in red, also, Erg -1,09% Terna -0,89% Hera -0,88%.
Among financial stocks, they fall nexi -2,06% Mount Paschi -1,2% and Bpm bank -0,67%, they go up Finecobank + 1,67% General Bank + 1,15% Bper. Progress for Leonardo +1,02%, in reverse Inwit -1,43% and Pirelli -0,91%.
Spread under 150 points
US inflation also has repercussions on eurozone government bonds, which see rates rise slightly. The spread between ten-year BTPs and Bunds of the same duration, the threshold of 150 basis points is breached downwards, but the yields rise to 3,85% and 2,38% respectively.