In Piazza Affari Iveco stands out, utilities down
It clicks on the Milanese price listIveco Group after the publication of the accounts, with an increase in profit to 234 million in 2023 and revenues to 16.21 billion (+12.9%), compared to a loss of 20 million in the fourth quarter. Purchase on Leonardo – Finmeccanica which is positioned among the best stocks, with the stock supported by the company’s confirmation of the guidance for 2023. On the banking front, well set Bpm Bankwhen Mediobanca receives a cold reception from the market on the 2023 accounts. At the bottom of the list, Generali Bank eIntesa Sanpaolobut also utilities.
The euro weakens against the dollar, oil has moved little
On the currency market the euro it fails to reattach 1.08 and continues to weaken against the dollar. The single currency is also falling slightly against the yen. The price of oil moved little, with the Brent April just above 81 dollars and the March WTI future which drops to around 76 dollars a barrel. Gas prices traded in Amsterdam are falling.
Tokyo closes slightly higher, Chinese markets closed
The Tokyo Stock Exchange ends the last session of the week with a slight increase, settling at a 34-year high, thanks to the weakness of the yen – which gives support to the stocks that most depend on the sustainability of exports. The Nikkei recorded a slightly positive change of 0.09% at 36,897.42, adding 34 points. Markets closed on the last day of the week in mainland China, Taiwan, South Korea, Indonesia, the Philippines and Vietnam. Meanwhile, in Asia, China’s efforts to halt the collapse of the $7 trillion stock market evoke memories of 2015, when Beijing took drastic measures to stem the decline. But this time, investors say, the problems are much more deep-rooted.
On the US front, the president of the Federal Reserve Bank of Richmond, Thomas Barkin, was the latest to reiterate that the central bank has time to be patient before cutting rates. Thursday’s new data also underlined the economic resilience of the United States. Jobless claims fell just below consensus forecasts, a sign that the job market remains strong.
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2024-02-09 11:37:30
#stock #markets #pace #quarterly #reports #Iveco #stands #Milan
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