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Tesla and Hyundai boom, new records on Wall Street

Wall Street's new records signal that the financial markets have definitively turned their backs on Donald Trump – New Bitcoin boom - Spread Btp-Bund at the minimum for 19 years

Tesla and Hyundai boom, new records on Wall Street

 For the European stock exchanges, the weekly balance is more than positive, given that they have returned to their highest levels since November 2020, even if today's session closes with little movement.

The best square is Frankfurt, which after having updated its records stops over 14 thousand points (+0,61%). Well Paris +0,65%, are slightly further behind Milano + 0,21% Madrid + 0,22% London + 0,26%.

The step is also uncertain a Wall Streett, but still remains that of a giant at its historic highs and the Nasdaq surpasses the records of the eve and trades over 13.100 points. Slightly decreasing DJ -0,2%. The markets are buoyed by confidence in an upcoming and further fiscal stimulus plan, thanks to the victory of the Democrats also in the Senate, a prospect that overshadows political concerns after the assault on Capitol Hill and today's disappointing employment data. Tesla it travels from strength to strength and gains 8%, trading over $881 per share. Surprises also came from the Asian market, with the Kospi of Seoul (+4%) to its new all-time high, thanks to +19,42% of Hyundai Motor: the automotive manufacturer has admitted that it has entered into negotiations with Apple for the production of batteries for iCar, the car that Apple plans to put on the market in 2024. At the moment the Cupertino house is making slight progress at the Nyse.

Despite the allure of electric cars, the Petroleum it also continues to celebrate the agreement reached by OPEC+. Crude oil prices hit 11-month highs today, preparing to end the week sharply higher on Saudi Arabia's promised output cut and global stock markets rallying, ignoring surging Covid-19 infections. At 17,30 Italian Brent is up by 2 and broken % and exchanges at 55,50 dollars a barrel.

Instead, the Future collapses gold, February 2021, -2,9%, 1858 dollars an ounce.

On the macro front, the news is mixed. The US lost 9,37 million jobs last year. It is the worst figure since 1939 and is higher than the combined figures recorded in 2008 and 2009 during the Great Recession. In December, 140 jobs were lost and the recovery that began in May was therefore interrupted. Better the numbers of Eurostat on the labor market of November 2020 in the Old Continent. The unemployment rate in the euro area dropped to 8,3% from 8,4% in October (7,4% the year before). In the EU it fell to 7,5%, from 7,6% in October (6,6% the previous year). Italy did better: 8,9% from 9,5% in October (and 9,6% a year earlier).

On the currency market, theeuro-dollar, at 1,225. However, it does not subside fever from Bitcoin, which is currently up +5,7%, to 41.506 dollars.  

In Piazza Affari the profit-taking on stocks in the last few sessions are felt. At the bottom of the list are Interpump -4,2%: Mediobanca -1,92%; fca -1,85%; Buzzi -1,89%; Leonardo -1,56%; Post -1,42%. On the other hand the pharmaceutical sector rebounds with Amplifon + 3,55% Recordati +2,08% and Diasorin +0,62%. In pole position stm, +1,91%, in line with chip manufacturers such as Infineon, Ams and Asm International and in the wake of the strong results recorded by US rival Micron Technology and Korean Samsung Electronics. Furthermore, the Italian-French company reports revenues in the fourth quarter above estimates.

The banks are in no particular order, mto Unicredit remains in cash, +1,82%, while awaiting the new CEO and in the perspective of a fruitful merger with Ps (+0,88%), with the hypothesized sale (by some newspapers) of a gigantic package of non-performing loans to Amco.

Bene Enel + 1,83%.

Out of the main list Ovs it appreciates by 4,15% with the green light of the Mise for the acquisition of some Stefanel assets.

On the secondary it collapses spread: 105 basis points, -1,8%, with the Italian 0,5-year rate below the XNUMX% threshold.

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