European Stock Exchanges Await Central Banks and Quarterly Reports – Positive Closure in Business Square, FTSE MIB, CAC 40, and DAX 40

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(Il Sole 24 Ore Radiocor) – Positive closure for European stock exchanges who are waiting for the central banks next week and in the meantime concentrate on the quarterly reports. TO Business Square il FTSE MIB rose, as in Paris the CAC 40 and in Frankfurt the DAX 40. At the continental level, purchases mainly rewarded the Commodities and Insurance sectors, while sales particularly affected technology stocks. In addition to semiconductor giant TSMC’s downward revision of full-year revenues, Wall Street Tesla loses more than 8% and Elon Musk becomes impoverished. The decline in securities has in fact lost the billionaire, at least on paper, 13.6 billion dollars, reducing the gap that separates him from Bernard Arnault. Despite losing billions, Musk still remains the richest man in the world, ahead of an Arnault who, however, comes close.

Investors are looking cautious up Netflixdown after the still good quarterly results.

Wall Street then closed on a swing. The Dow Jones was up 0.47% to 35,224.43 points, the Nasdaq was down 2.05% to 14,63.31 points while the S&P 500 was down 0.68% to 4,534.80 points.

Next week there are meetings of the Federal Reserve, European Central Bank and Bank of Japan and they expect their respective interest rate decisions. Meanwhile, on the macro front, the US labor market continues to remain solid: weekly requests for unemployment benefits were lower than expected, at a 9-week low. In the rest of Europe, in London the FT-SE 100 rose, in Madrid theIBEX 35when theAEX in Amsterdam it closed at a loss, weighed down by the semiconductor sector: Asml is down, as is Be Semiconductor. In Frankfurt it closed with a loss Infineon Technologies. Shopping day, however, for the pharmaceutical sector, with Fresenius at the head of DAX 40 . Opposite sign after the accounts for Hellofresh (-7.13%).

FTSE Mib Stock Exchange performance

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In Milan, oil companies stand out, utilities are opposed

Among the stocks, in Milan oil companies stand out, with Tenaris in the head, with Eni and further back Saipem. Among the bankers, fine Bperwhen utilities performed mixed with Terna ahead. Opposite sign for Stmicroelectronics which paid for the weakness of the semiconductor sector. Pirelli & C it closed up, among the best stocks in the Ftse Mib. On a positive day for the European insurance sector, it rose in Piazza Affari generals in Paris Axa and in Frankfurt Allianz. Returning to Milan, always in green Unipol with the subsidiary Unipolsai. As for the bankers, they closed higher Intesa Sanpaolo , Unicredit, Mediobanca e bpm bankwhen Banca Mps moved against the trend. Up too Italian post e Telecom Italia. Moncler closed down for the fourth consecutive session after trying to recover ground during the day. Stocks began to be hurt by disappointing Chinese economic data released on Monday 17 July. In the energy sector, up Snam Rete Gasopposite sign for Erg. In red Inwit, Prysmian e Iveco Group, on the day the unions announced that they had learned from the company of its intention to seek an investor to take over all or part of the fire-fighting division, which in Italy employs around 180 people at the Brescia site for special vehicles and around 1,000 in Europe. Has gone up the FTSE IT All Share : among the titles, in the light Fincantieri. MSC Group Cruises today celebrated the delivery of Explora I, the vessel marking the official launch of Explora Journeys, the Group’s new luxury travel brand. The investment for the new ship has exceeded 500 million euros. It is the first of four luxury ships to be built by Fincantieri, in an investment plan worth 2.3 billion euros. Luxury still under pressure in Milan: negative sign for Brunello Cucinelli e Salvatore Ferragamowhen the sector in Paris saw another rise for Dry which on Tuesday announced the reorganization with the change at the top for the Gucci brand and on the eve it gained more than 7%. Above parity Lvmhwhile Hermes remained further behind (-0.14%).

2023-07-20 17:44:05
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