(Il Sole 24 Ore Radiocor) – Truce for European stock exchanges, which in the first session of the week bounce after the heavy drops in Friday 26 November, caused by fears for the diffusion of the new Omicron variant. The indices of the Old Continent they closed higher, albeit below the highs of the day, with the FTSE MIB backed by many stocks that suffered most last week, banks and oil in the first place. The CAC 40 of Paris, theIBEX 35 in Madrid, the Ftse 100 in London, theAEX of Amsterdam and the DAX 40 in Frankfurt, after the preliminary data oninflation in November (indicates a decrease of 0.2% compared to the previous month and an increase of 5.2% compared to the same period last year, the highest value since 1992). Wall Street is also positive.
The rebound occurred as investors question the possible impacts of the fourth wave of Covid on the global economic recovery, waiting to understand whether and how effective current vaccines are against yet another mutation of the virus (the first reassurances came from South Africa that speak of mild symptoms in the new cases). This while the G7 summit, which brought together health ministers for an emergency meeting, praised South Africa’s efforts in warning other countries, speaking of “strong support for the creation of an international pathogen surveillance network. within the framework of the WHO “. Above all, the redemption of crude oil gave gas to the lists, which, after the worst session (-13%) since spring 2020, has risen with the WTI above 71 dollars.
FTSE Mib stock market trend
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Wall Street up, focus on macro data for the week
Upward trend on Wall Street, after the sharp drops on Friday caused by fear for the new variant of the coronavirus. The uncertainty brought to the markets on Friday by the Omicron variant will also affect the start of the week on Wall Street, during which data will be released that should show the strengthening of the US economy. Economists expect a solid employment report on Friday, with 500,000 jobs created in November, after October’s 531,000. On Wednesday, the ISM will release data on the manufacturing sector, which are expected to improve. The coronavirus variant has officially arrived in North America, with the first cases detected in Canada. Today the President of the United States, Joe Biden, will make another appeal to the nation: get vaccinated
Eyes on Tim, at the start of the Juve capital increase
At Business Square eyes pointed up Telecom Italia, after the sprint registered by the shares last week (in five sessions it gained over 38%) and triggered by the offer of Kkr. On Friday the managing director, Luigi Gubitosi, resigned his powers and Pietro Labriola, Tim Brasil’s number one, was appointed managing director of the group. He picked up the pace Snam Rete Gas, after the presentation of the industrial plan to 2025. With the attempt to recover the price of crude oil, the stocks of the oil sector are highlighted: good Eni, Tenaris e Saipem. Banks also did well, in an Ftse Mib led higher by Moncler, with the good prospects of the sector linked to Christmas shopping thanks to the growth of e-commerce. The tear of the oil pushes Eni, while Stmicroelectronics benefits from the rush of the Nasdaq (where the farewell of Jack Dorsey pushes Twitter to + 4%). Outside the main basket, the € 400 million capital increase of the Juventus Fc at the unit price of 0.334 euros. In the late evening of Friday 26 November it also emerged that the company’s accounts for the last three years have ended up under the lens of the Turin prosecutor’s office, in particular the capital gains from the transfer market (the new managing director Maurizio Arrivabene was heard as a witness to the investigation. ).
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