(Finance) – The main Euroland markets are moving higher with investors’ attention focused on US inflation, the most important data of the eighth, scheduled for Thursday. The road to reopening and the support for the economy undertaken by Beijingbut also bets on a slowdown in Fed monetary tighteningafter data released on Friday saw the ISM index enter a contraction phase and wages cool.
The focus of the insiders is aimed at central banks: Thursday the economic bulletin of the ECB, while interventions by various officials are expected during the week. In particular, Tuesday’s speeches by Jerome Powellnumber one of the Fed, Andrew Baileygovernor of the Bank of England, and of Isabel Schnabel, ECB member. The intervention of the falcon is also expected on Thursday James Bullardwho is no longer a voting member of the FOMC this year.
On the corporate front, to follow Soul Holding after data on net inflows in December e Maire Tecnimont which in Doha, Qatar officially launched the EPC petrochemical contract. Also focus on Saes Getters which signed a binding agreement with the US Resonetics for the sale of the Nitinol business. Stellantis has signed an agreement with Element 25 Limited.
On the currency market, slightly up for theEuro / US Dollar, which advances to 1.068. L’Gold trading continues with a fractional gain of 0.40%. Oil buying rain (Light Sweet Crude Oil), showing a gain of 3.34%.
Salt it spreadssettling at +204 basis points, with an increase of 5 basis points, with the yield on the 10-year BTP equal to 4.30%.
Among the main European Stock Exchanges little moved Frankfurtwhich shows +0.2%, substantially unchanged London, which reports a moderate +0.1%; stay close to parity Paris (+0.08%). Piazza Affari continues the session with a fractional gain on FTSEMIB by 0.36%; along the same lines, the FTSE Italia All-Share it advances fractionally, reaching 27,367 points.
Between best Italian stocks large-cap, cash on Telecom Italywhich recorded an increase of 2.89%.
Very positive balance for Ferrariwhich boasts a gain of 2.63% after Citi raised its rating from sell to neutral.
Good performance for Ivecowhich grows by 2.03%.
sustained Tenariswith a decent gain of 1.93%.
The strongest declines, however, occur on ERGwhich continues the session with -1.64%.
He hesitates General Insurancewhich yields 1.50%.
Basically weak It is in thewhich recorded a decrease of 1.04%.
It moves below parity snamshowing a decrease of 0.82%.
At the top of the mid-cap rankings from Milan, Bff Bank (+3.53%), Luve (+3.13%), Datalogic (+2.84%) and Saras (+2.57%).
The strongest sales, on the other hand, show up Pharmanutrawhich continues trading at -1.25%.
Moderate contraction for Ferragamowhich suffers a drop of 1.22%.
Undertone CIR showing a filing of 1.01%.
Disappointing Ascopiavewhich lies just below the levels of the eve.
Among the data relevant macroeconomics:
Monday 09/01/2023
08:00 Germany: Industrial Production, Monthly (exp. 0.1%; previous -0.4%)
08:45 France: Current accounts (previous -3.4 billion euros)
10am Italy: Unemployment rate (expected 7.8%; previous 7.9%)
11:00 am European Union: Unemployment rate (expected 6.5%; previous 6.5%)
Tuesday 10/01/2023
00:30 Japan: Real household expenditure, monthly (expected -0.5%; previous 1.1%).