(The Sun 24 Hours Radiocor) – Closing strongly higher for the European stock exchanges with Milan maglia rosa, pushed by the quarterly. Waiting for the publication tomorrow of the key US inflation data, which should give the pace to the Federal Reserve for its monetary tightening, the pressure has eased on the price lists and investors have gone to reward especially cyclical stocks, more recently penalized, such as those of the auto sector. The FTSE MIB Milan is back above the threshold of 27,000 points, the other euro area price lists are also brilliant ( CAC 40 of Paris, the From 4 Frankfurt, theIbe 3 of Madrid, theAEX of Amsterdam).
The tension on the bond is cooling with yields on the ten-year Treasury falling back from 2019 levels, to 1.92%, while the BTP/Bund spreads it is down in the area 154 points. On a sparse day of macro data, the focus of the markets remains on the US inflation data, scheduled for February 10, which could push the Fed to accelerate the pace of monetary tightening: expectations are for a rate at 7.3% in January, after the 7% seen in December.
High Street, eyes on inflation
All the indices of W Investors ‘ focus remains on inflation with Thursday’s January consumer price data: experts predict a 7.2% rise, which would be the highest pace since February 1982. Strong inflation and good employment results have raised the chances, according to markets, that in March the Fed will decide to raise interest rates by 50 basis points, not 25; moreover, there are analysts who expect up to seven hikes during 2022. The Fed’s near-tightening pushes Treasury yields, with ten-year yields at 1.96%, their highest since November 2019.
Quarterly hold bank at Piazza Affari, snaps Bpm
Also at Piazza Affari they keep the quarterly: the best was BPM Bench in the aftermath of the above-estimates accounts and especially the opening of management to distribute more profits to shareholders in the form of dividends, while sales have slowed Pop Er Bank that she had risen very much in anticipation of the accounts that she then spread to the closed Stock Exchange. For the modenese bank there is the expectation for the conclusion of the exclusive negotiation for the purchase of Carige which in the meantime has published its results for 2021 closed with losses of 90 million. For the Genoese Institute it will be necessary a new business plan to 2024 with an attached capital increase in the event that the merger with Bper is skipped.
In the spotlight Mediobanca, after the 28% rise in first-half profit, a figure above expectations, but also Buzzi Unicem e Finecobank, all to the test of accounts. In the aftermath of the 2021 results they are on a good rise Cnh Industrial e Iveco Group: for Cnh investors and analysts reward the fourth quarter data and forecasts for the current year better than expected, as well as the 2021 numbers “e IV-Iveco”, spun off at the beginning of the year, above expectations. Outside the Ftse Mib the results and the improvement of the targets reward Credem but they also run Ovs e Alerion.
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