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Stock market latest news: debt syndrome overwhelms Tim, Saipem marks a new rise

Nexi and Ferragamo also performed badly after the calculations. In Frankfurt Hugo Boss -17%, but the markets are waiting for Lagarde's words

Stock market latest news: debt syndrome overwhelms Tim, Saipem marks a new rise

Le Stock Exchanges of Europe they move cautiously a few hours after the ECB's communications. The Milan index is almost flat, not far from the highs of the last fifteen years. For now, the effect of the Trump's victory on Super Tuesday. 

The first thing a new Trump administration is likely to do is extend tax cuts. But for stocks, a hotter economy could be inflationary and the interest rate cuts floated by the Fed this year could come down to just one, perhaps as early as June.

Hugo Boss also collapses, guidance weighs

This morning's sudden decline is framed in this context Hugo Boss. The clothing leader leaves 17% on the ground. after announcing a below-expected operating profit. He did even worse yesterday Soccer Locker on Wall Street (-29,35%) after disappointing operating guidance. In the three months to February 3, Foot Locker recorded net losses of $389 million, compared to a profit of $19 million a year earlier. Among the magnificent seven, the gap between the first and the last has further increased. Nvidia, up 3%, on a new record, has gained 79% since the beginning of the year. Tesla it lost 2,3%, -29% since the beginning of the year.

In Piazza Affari, Pirelli and Continental are suffering, while luxury is also suffering

Returning to Europe, among the stocks in deep red Shelf -4%. The tire and auto parts maker expects costs to rise in 2024. 2023 revenue grew less than expected. Similar situation at home Pirelli: -3% after accounts. BNP Paribas and Kepler Cheuvreux cut their rating on the group.

In Piazza Affari she is overwhelmed Team 13,5% weighed down by fears about the debt at the end of 2026, estimated by the plan on values ​​higher than analysts' expectations, Equita points out that this is a figure worse than 1,3 of its estimates.

Also in red Moncler -1%; Bernstein cuts to Market Perform. It's worse Ferragamo -4% that closed 2023 with an ebit in the red.

The most positive notes concern Saipem +3%: Citibank confirmed its buy recommendation and increased the target price of the stock from 2,40 to 3,10 euros.

Spreads at minimums, new gold record

Ten-year BTP at 3,63%. Bund at 2,31%. The spread falls to its lowest level since February 2022 at 132 basis points.

Euro dollar on the highs of recent weeks at 1,089.

Petroleum decreasing despite the news of the attack by the Houthi militias on a merchant ship in transit off the coast of Yemen. Brent and WTI -0,8%.

New record ofgold to 2.158, +0,4%, from 2.141 dollars yesterday.

Bitcoin to 66.800 dollars, +1%.

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