MILANO – 4 pm. On the one hand choice of Mario Draghi to form an Italian government, all investors agree by doing go up Piazza Affari and go down the spread. On the other hand, the frenzy around the GameStop title and the other “meme stocks” – those pushed by small traders who have organized themselves on social networks – seems to be on the way back and for traditional finance the recoil takes on the characteristics of a sigh of relief. The attention of the markets, for the moment, is moving away from the battle between small and hedge funds with the expected erupees and futures in the United States all positive. Milano thus rises by 2% in a day monopolized by the arrival of the former ECB president at the Quirinale, while the others are limiting their earnings after a promising start. London goes negative by 0.1%, Frankfurt salt by 0.3%, Paris is fractionally rising. Unlike early morning futures indications, Wall Street Mixed opens: the Dow Jones index dropped 0.19% to 30629 points while the Nasdaq advanced 0.69% to 13,706 points.
Draghi effect on the markets: Piazza Affari rises by 3%, the spread turns down and sees 100
by Flavio Bini, Raffaele Ricciardi
03 February 2021-
For the moment theeuro there is little movement this morning on the international markets. The single currency is worth $ 1.2035 and is down 0.07%. The euro also changed hands at 126.44 yen (+ 0.01%). Istat has updated the basket of prices e the January inflation is back in the positive. The indices Services SMEs continue to show signs of weakness for the Eurozone, unlike what we saw yesterday with manufacturing: the composite indicator of the Eurozone contracted in January, held back by the services sector which in January recorded its fifth consecutive monthly decline and dropped to 47, 5 points from 49.1 points in December. The index, calculated by Markit, below 50 points signals a contraction of the economy and above this level a contraction. The composite SME index of the Eurozone falls from 46.4 points in December to 45.4 points.
The Draghi to come
by Riccardo Luna
03 February 2021-
Yesterday GameStop it has lost 60% of its value, while remaining at 90 dollars which is an unimaginable value until a few weeks ago. Today the action of the video game chain has started to rise again. The attention of the regulators remains high, so much so that the secretary to the Treasury, Janet Yellen, called the SEC, the Fed and other market players for a meeting aimed precisely at clarifying what is happening in these hectic days. Meanwhile thesilver, which had been pointed out as a possible asset to bet on in a new challenge to hedge funds, after yesterday’s correction has returned to rise.
The Nikkei 225 index of the Tokyo closed the session up 1% at 28,646.50, despite the disappointing data from China for the index SME services jointly compiled by Caixin and Markit. The figure slowed to 52 points, from 56.3 points in December: this is the weakest rate of expansion in the last nine months. On the corporate front, it stands out Alibaba, the e-commerce giant founded by Jack Ma. The stock – traded on the Hong Kong – is losing more than 3%, despite the Chinese giant having announced that its cloud division reported a profit for the first time in its history. The other news concerning Alibaba is the decision to raise 5 billion dollars by issuing bonds denominated in dollars, according to the rumors reported by the CNBC. Wall Street closed yesterday evening with the Dow Jones (+ 1.6%) at its best daily performance since November, while the S&P 500 advanced 1.4% and the Nasdaq gained 1. , 6%. Little did the other Asian stock exchanges: Shanghai lost 0.46% e Hong Kong it rose by 0.2%.
Gold prices broadly stable this morning. The precious metal for immediate delivery is trading at $ 1,838.48 an ounce, marking a variation of + 0.02%. On the other hand, silver rose by 1.49%, quoted this morning at 26.80 dollars. General optimism drives oil up: WTI gains 0.33% to $ 54.94 a barrel, while Brent is up 0.37% to $ 57.67.
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