(Tiper Stock Exchange) – Positive results for the financial markets of the Old Continent. Widespread purchases also affect the FTSEMIBwhich moves on the same bullish wave as the other Euroland lists.
Investors’ attention remains focused on the new data relating to theAmerican inflation which will be released this afternoon, from which they will try to understand with what intensity the Federal Reserve will continue its path of raising interest rates. The next meeting of the US central bank’s monetary policy committee is scheduled for the end of the month. On the other side of the ocean, insiders hope that the ECB will retrace its steps and not raise rates yet, contrary to what was reiterated this morning in the monthly economic bulletin, in the light of the sharp drop in gas prices which reduced the inflation expectations.
Eyes on quarterly season, launching tomorrow in the United States. Here too we will try to understand how much the unknown recession could weigh on company profits.
On the corporate front, focus on Eni back on the retail market with a bond of up to 2 billion euro. Money on Iveco after the order for 150 electric buses announced the day before. Shop on TIM awaiting developments on the single network dossier after the words of the Minister of Enterprise and Made in Italy, Adolfo Urso.
On the currency market, theEuro / US Dollar the session continued at the previous levels, reporting a variation of +0.11%. L’Gold shows a modest gain, with an increase of 0.42%. Caution prevailed on the oil market, with oil (Light Sweet Crude Oil) continuing the session with a slight drop of 0.25%.
On equality it spreadswhich remains at +185 basis points, with the yield on the ten-year BTP standing at 3.98%.
In the European stock market scenario small steps forward for Frankfurtwhich marks a marginal increase of 0.61%, a moderately positive day for London, which rises by a fractional +0.68%; money up Paris, which recorded an increase of 0.81%. Positive session for the Milanese price list, which shows a gain of 0.87% on the FTSEMIB; along the same lines, positive performance for the FTSE Italia All-Sharewhich continues the day up 0.83% compared to the previous close.
Between best performers of Milan, in evidence Telecom Italy (+3.69%), Iveco (+3.69%), Pirelli (+1.58%) and BPM desk (+1.55%).
The strongest sales, on the other hand, show up DiaSorinwhich continues trading at -1.07%.
Moderate contraction for Campariwhich suffers a drop of 0.65%.
Undertone Interpump showing a filing of 0.54%.
Between best stocks in the FTSE MidCap, Illimity Bank (+3.43%), Saras (+3.34%), Tod’s (+3.03%) and IREN (+2.93%).
The worst performances, however, are recorded on Drywhich gets -2.51%.
Sales on Mfe Bwhich records a drop of 1.62%.
Disappointing Mondadoriwhich lies just below the levels of the eve.
Slack Carel Industrieswhich shows a small decrease of 1.10%.
Among the data relevant macroeconomics:
Thursday 12/01/2023
00:50 Japan: Current account (expected ¥471Bn; prev. -64.1Bn ¥)
02:30 China: Consumption prices, yearly (expected 1.8%; previous 1.6%)
02:30 China: Production prices, yearly (expected -0.1%; previous -1.3%)
2.30pm USA: Consumption prices, annual (expected 6.5%; previous 7.1%)
2.30pm USA: Consumption prices, monthly (expected 0%; previous 0.1%).