Surprise: in a continent that is not growing, theItalian he plays the part of the hare. In 2023 the GDP of the Bel Paese is Salito of 0,7% (+0,5% in the last quarter) in sharp contrast with the French figure (zero growth in the last two quarters) and, above all, with Germany which recorded a contraction of 0,3% in the last reading of December. Despite the persistent weakness of the German economy, which in 2022 represented Italy's main trading partner with a share of 13%, the Italian economy appears not to have been penalized. The economic variation highlights an increase in both the industrial and services sectors, underlining Italy's resilience in a complex European economic context: in the fourth quarter of 2023 theeconomy of the eurozone recorded zero growth on a sequential basis, improving slightly from -0,1% in the third quarter.
BTP recovering, the euro is racing. Stellantis recovering
Among the effects of the improvement in the Italian position, the improvement of the ten-year BTP to 3,73% stands out. And of the spread below 150 basis points. It also runseuro: the dollar is at the lows of the last month and a half at 1,083.
Recovery was also immediate stellantis +2,3%, soars again above 20 euros, thanks also to Renault's decision to renounce the IPO of Ampère, the new electric division of the Régie. The platoon of Italian banks led by is traveling compactly with increases of more than 2,5%. bpm e Bper, Understanding St. Paul almost +2%, the index rises by almost one percentage point above 30.500 (+0,90).
Saipem: turmoil at sea shakes shares
The positive climate is marred by the adversities of Saipem -11%. This morning the company confirmed that a accident on the Castorone pipe-laying vessel off the coast of Australia during normal pipe laying operations. The accident, a note informs, did not cause injuries, while they occurred damage located on the main line (trunkline), which will be repaired. The Castorone ship did not suffer significant damage. The group says the health and safety of its staff, environment and assets is a top priority. Saudi Aramco announced its intention not to continue the plan to increase production capacity. Some analysts point out that Saudi Arabia must keep the level of investments high in order not to lose production capacity, as the deposits run out or require expensive interventions on the subsoil extraction system when they fall below certain levels. Tenaris loses 1,5%.
Outside the oil sector, the performance of i Cast Diva +2,5% after Websim initiated coverage with a Buy rating (very interesting) and a target price of 2,40 euros per share.
Rai Way +2%. Activist fund Clearway Capital is reportedly buying shares to support its efforts to support merger plans.
Taylor Swift victim of AI: fake hard photos on social
Waiting for the bills, Microsoft (+1%), runs into a serious misadventure. The company has updated Designer, an artificial intelligence tool capable of creating images from textual indications. The platform was used to make photo sexually explicit by Taylor Swift then you go viral and subsequently blocked by the X platform. One of these got over 47 million views. Now the app does not allow you to associate any sexually explicit terms. The AI-generated Taylor Swift nude photos came from the 4chan forum and a Telegram channel where people were using Designer to generate AI images of celebrities. “We are investigating the reports and taking appropriate steps to address them,” a Microsoft spokesperson said shortly after the deepfakes were shared.