After the final blow given yesterday evening by Wall Street, sales on US equities are back today intense, while European stock markets, already timid in the first part of the session, fail to rebound and close down.
The recovery seen yesterday on the American Stock Exchange, galvanized by the announcement of the selling twitter for 44 million dollars to the CEO of Tesla, Elon Musk, does not seem stable. What creates uncertainty is the conflict in Ukraine, on which the tone is raised and the risks of enlargement increase, since Russia has allegedly suspended gas supplies to Poland. Meanwhile, Germany says it is close to giving up Moscow's oil.
It also worries the Covid in China and mass testing in Beijing, which can lead to new lockdowns and negatively impact supply chains. In this context, the normalization of monetary policy by central banks could deal a severe blow to growth.
In all this il dollar is strengthened, while theeuro it is sliding lower and lower, with the pair currently hovering around 1,065.
Government bonds continue to recover: the 2,74-year Treasury shows a declining yield of around XNUMX%.
Salt on Petroleum and Texan crude regained $100 a barrel.
Uncertain European price lists with war and quarterly
In Europe, Business Square it lost 0,95% and fell back to 23.681 points, weighed down by sales on big banks and industrial stocks. Madrid it is the worst, -1,59%, with Banco Santander falling by 6,17% after the quarterly. It also moves back Zurich -1,25%, which saves Ubs which showed the best net profit in 15 years in the first quarter, unlike its US competitors which mainly recorded a decline.
HSBC, the largest European bank, slips by 5,74%. London (+0,07%), down 3,93% after reporting it thought increased stock buying unlikely this year more stock buying amid rising inflation and economic weakness, despite quarterly earnings falling less than expected.
In the sector, the January-March numbers of Credit Suisse, Barclays, and Deutsche Bank will be announced in the coming days.
They are negative Amsterdam -0,51% Frankfurt -1,2% Paris -0,54%.
Piazza Affari, oil prices rise; well Mps.
In Piazza Affari, oil stocks are recovering. Tenaris it is in the pink jersey and rises by 3,53%. Fine Eni, + 0,22%.
Recommended Prysmian, +1,19% and Leonardo +0,6%. The latter announced the sale of the stake in the Aac joint venture and confirmed the guidance on debt.
Utilities are positive; it is appreciated Iveco, which caps gains at 0,82% after taking off during the session following a better-than-expected quarterly. Out of the main basket it is tonic Ps, +4,14%, following the hearing of the Minister of Economy Daniele Franco to the bicameral Commission on Banks, who spoke of the ongoing negotiations with the European DGComp to define the new terms of the sale of the controlling interest in the hands of the MEF.
The road map for the state's exit from the capital sees a capital increase to be carried out by 2022 and the subsequent sale of the share for which the MEF, Franco said, is open to any hypothesis of interested operators.
The banking sector on the Milan stock exchange appears otherwise rather weak, starting with Unicredit -3,22% and Understanding -1,57%, on which Ubs cut the target price respectively to 14,10 from 20,50 euro and 2,7 from 3,15 euro.
The red dyes the automotive with the heavy reductions of stellantis, -3,19%, Pirelli -2,53% Exor -2,51%; Cnh -1,95%.
Bonds, on the other hand, remain stable. The spread between the Italian and German ten-year bonds it closed at 173 basis points (-0.43%), with the BTP rate at +2,53% and that of the Bund at +0,8%.
Wall Street in deep red awaiting big tech bills
The main Wall Street indexes are in deep red, awaiting the accounts, which will arrive after markets close, of two bigwigs like Microsoft (-2,91%) And A (-3,45%).
Sales also prevail on Twitter, -2,79%, after yesterday's gains. The Nasdaq loses about 3%. What is scary, according to analysts, is the risk that the profits of these giants will be lower than expected, in a context of rising government bond yields.
READ ALSO: "Quarterly banks: Ubs the best (+17%), HSBC profits down (-27%) and Santander (+0,9%) confirms guidance"
