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(Il Sole 24 Ore Radiocor) – The prices are rising cautiously European stock exchanges, reducing initial earnings. Milan’s good performance is also confirmed by the latest statistical bulletin published by Consob, according to which Piazza Affari has returned to the levels that preceded the 2008 financial crisis. The overall market value of the shares rose to 574 billion at the end of 2023. Investors’ eyes are focused on the quarterly reports (in America that of Spotify is worth mentioning) and on a series of economic data, such as the consumer confidence index in Italy which, reports Istat, rises to 96.4 points. Business confidence also improves. Meanwhile, in Germany new manufacturing orders grew 8.9% month-on-month in December, more than estimates.
They thus move in a cautious upward trend FTSE MIB of Milan, the CAC 40 of Paris, theAEXof Amsterdam, theIBEX 35 of Madrid and the FT-SE 100 from London. Under parity the DAX 30 of Frankfurt
Leonardo shoots in Milan, Interpump crashes
They shoot in Piazza Affari Leonardo – Finmeccanica, following the announcement of the MoU signed with the Ministry of Investment and the General Authority for Military Industry of Saudi Arabia aimed at developing investments and collaboration opportunities in the aerospace and defense sectors, and Pirelli & C. Eyes on Intesa Sanpaolo in view of the Board of Directors meeting for the approval of the budget. The utilities sector was negative with A2a ed Enel, waiting for the outcome of the auctions for the transition of non-vulnerable customers from greater protection to the gradual protection market to be made official. Thud for Interpump Group which is the worst on the list. Intermonte’s downgrade weighs on the stock, bringing the rating from outperform to neutral with a target price of 51.5 euros.
Euro below 1.08 dollars, spread around 155 points
On the currency, the euro remains below 1.08 dollars (from 1.072 the day before). The single currency remains around 159 yen (from 159.78) and the dollar/yen exchange rate near 148 (from 148.84). Little moved the oil price, with March WTI at 72 dollars a barrel and April Brent at 78 dollars. On the rise natural gas to Amsterdam, which stands above 28 euros per megawatt hour. The yield of the ten-year Italian benchmark fell to 3.85% starting from 3.89% the day before, while the spread drops one point to the 155 point area from 156 at the previous closing.
Tokyo down, Toyota jumps after the accounts
Chinese stock markets are rebounding thanks above all to the Chinese state fund Central Huijin Investment which reported that it has expanded the range of ETFs in its portfolio, with the intention of focusing on Chinese equity ones and “safeguarding the stable functioning of the capital markets”. The Tokyo Stock Exchange, however, concluded trading in decline, reflecting the contraction of the US stock market, and despite the more than encouraging results of Toyota, which doubled its profit in nine months, raising estimates for the 2023-24 financial year and achieving a Net profit attributable doubled to 24.7 billion euros and operating profit doubled to 26.5 billion euros.
2024-02-06 10:50:26
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