(Il Sole 24 Ore Radiocor) – They move upwards European stock exchanges and the launch of Wall Street is also positive, as investors measure effects of the gas crisis which appears more manageable than expected. The president of the European Commission Ursula von der Leyen said that Gazprom’s announcement is a “blackmail” but, he added, “we are prepared for this scenario. We are outlining our coordinated EU response ». The flare-up on the prices of the gas, which in the morning had risen by more than 15% and are now up by 2.8% to 106.8 euros per MWh. «The scenario remains highly uncertain due to the war, Covid in China, inflation and restrictive monetary policies by central banks – observes Luigi Nardella of Ceresio Investors – at this stage it is advisable to maintain a very cautious approach to investments “.
Wall Street rises, Microsoft rises
Wall Street is also moving higher, after the session in sharp decline on Tuesday 26 April. The US indices, however, are heading towards third monthly decline since the beginning of the year. On the stock, the title of Tesla recovers after losing 12.8% on the eve, writing off $ 125.98 billion of capitalization. Investors show nervousness about buying Twitter by Elon Musk, Tesla’s chief executive, and they fear it may proceed with a massive sale of its shares to pay part of the $ 44 billion owed for the transaction. Twitter, after losing 3.93% on Tuesday, is still down. On Monday, the stock had gained 5.66% on news of the deal. Microsoft Corp is up after above-expected earnings and revenues, while Alphabet it is in the red for accounts below estimates. The title of General Motors is in progress, after having kept the guidance for 2022 unchanged, despite problems with supply chains and rising costs.
On the macroeconomic front, numbers record for the trade deficit of the United States. Contrary to experts’ expectations, the deficit increased in March compared to the previous month, by 17.8% to 125.3 billion dollars, a record figure, against expectations of 105 billion.
In Piazza Affari down the utilities, purchases on Nexi and Moncler
Among the main Milanese stocks, utilities are in the red and banks travel in no particular order. Purchases reward Nexi, Moncler e Pirelli & Cweak instead A2a, Amplifier e Leonardo – Finmeccanica. Better-than-forecast accounts hold up Stmicroelectronicswhile Unicredit is in the spotlight ahead of the publication of a quarterly that will shed light on the impact of the war in Ukraine on the budget of the Italian institution most exposed to Russia. Purchases also reward Diasorin with the prices benefiting from the indications arrived yesterday after the market closed by the competitor Qiagen, which announced a positive quarterly report.
Deutsche Bank weak, market fears cost pressures
Il best quarterly profit in nine years in this part it is not enough to support the Deutsche Bank stock, which is among the worst on the Frankfurt Stock Exchange. In the first three months of the year, the German bank recorded a net profit of 1.06 billion, up 17% on an annual basis. Revenues increased 3% to 7.3 billion. Investors are focusing on cost developments, however, as rising wages and regulatory burdens have reignited fears about CEO Christian Sewing’s ability to contain expenses.
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