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Stock Market Today January 13: Europe Down in Asia's Wake, Eyes on Central Banks. Oil Stocks Resist Piazza Affari Selloffs - LIVE

European stock markets fail to recover and remain negative, following Asia. After the data on the US labor market, fears of a pause by the Fed in cutting rates increase. In Milan, gas and oil rise. Wall Street also opens in decline – Follow the LIVE

Stock Market Today January 13: Europe Down in Asia's Wake, Eyes on Central Banks. Oil Stocks Resist Piazza Affari Selloffs - LIVE

Le European stocks start the week lower, following the trend Asian markets negativeWeighing in are recent data on the US labor market, which reduce the prospect of further rate cuts by the Federal Reserve, and falling US futures.

In Asia, the climate remains negative for the fourth consecutive session. The CSI 300 in Shanghai and Shenzhen lost 0,29%, the Hang Seng in Hong Kong fell 0,9%, while the Taiex in Taipei recorded a heavy -2,28%. Tokyo remained closed for a holiday, thus avoiding losses. Despite the difficulties on the stock markets, China recorded a record trade surplus in December, equal to 104,84 billion dollars, thanks to a 10,7% increase in exports. The Chinese central bank confirms that the country is on track to reach its target of 5% GDP growth in 2024.

The main European indices remain weak in the middle of the day, With the Milan Stock Exchange marks worst performance, with a 1,19% drop on the Ftse Mib. Paris (-0,80%), London (-0,41%) and Frankfurt (-0,70%) follow, while Amsterdam loses about 1% and the Ibex in Madrid falls by 0,60%.

At Piazza Affari, Oil and energy stocks hold up: Eni, Snam, Saipem and Tenaris. Tim also loses, under the spotlight in view of the judge's decision on the dispute with Vivendi regarding the sale of the network. Fullness, through its subsidiary Eni New Energy US, has completed the Construction of the Guajillo battery storage facility (Texas), the largest ever built by the company: the plant has a capacity of 200 MW and is equipped with LFP lithium-ion batteries, which will efficiently store the energy produced by solar plants to make it available when market demand is high. The best blue chip of the day is Amplifon thanks to a report from Intermonte which increased the target price from 28 to 33 euros per share and improved the recommendation from neutral to outperform.

Among the worst titles there is StMicroelectronics, penalized by the rating cut by TD Cowen, which lowered the recommendation to “hold” with a target price of 24,5 euros per share. Strong sales also on Stellantis, Ferrari and Nexi. Prysmiam is also bad. UniCredit loses 1,24% following the statements of Jens Weidmann, Chairman of the supervisory board of Commerzbank, who opposes the takeover of the Italian bank, now at 28% of the capital of the German bank. Weidmann, former president of the Bundesbank, expressed doubts about the possibility of a friendly merger, stressing that hostile takeovers in the banking sector are unlikely to create sustainable value.

THEEuro/Dollar falls below parity, down 0,41%, while gold fell slightly to $2.680 an ounce.

Il Petroleum gains 1,83%, boosted by new US sanctions against Russia, which could affect crude oil exports to China and India. spread widens to 124 basis points, with the yield on the 3,84-year BTP at XNUMX%. natural gas salt of 4,2%, reaching 46,7 euros per megawatt hour.

La The day also opens in the red for Wall Street where the earnings season is in full swing with the major banks – Jp Morgan Chase, Wells Fargo, Goldman Sachs and Citigroup – ready to publish their quarterly results. In addition to expectations of a restrictive policy from the Federal Reserve throughout 2025, there is an increase in volatility, with the “VIX” marking the highest level in the last three weeks. However, weighing on the stock market is the announcement of new restrictions from Joe Biden on 'export of advanced chips for artificial intelligence, aimed at limiting sales to countries not allied to the United States. The new rules particularly penalize the tech sector, with Nvidia opens in decline of 3,1% and AMD which loses 1,7%.

In the UK, the Pound weakens further on economic concerns, as UK government bond yields continue to rise.

READ MORE: Dollar, US Treasury Yields Bring Stocks to Their Knees

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