Evidence of a rebound for the EU Stock Exchanges, Enel and the oil companies shine in Piazza Affari

(Il Sole 24 Ore Radiocor) – After the reductions of the evethe European stock exchanges they try to end the week higher, while wondering what the pace of rate hikes by central banks will be to curb record inflation. Thus the indices try to shake off the uncertainties: the FTSEMIB of Milan is on the rise, as is the CAC 40 of Paris, the DAX 40 of Frankfurt, theIBEX 35 of Madrid andAEX extension of Amsterdam. The slower FT-SE 100of London, grappling with the new tax plan of the British government.
Tension remains high on the geopolitical level where, in addition to the war in Ukraine, there is the launch of an intercontinental missile by North Korea in Japanese waters.
However, on the eve of penalizing the markets, from Europe to Wall Street (with repercussions as far as Tokyo), the Fed’s “hawk” James Bullard thought about it, convinced that a rise in interest rates would be appropriate “up to the fork between 5% and 7%ยป, while the interventions of Lagarde, Nagel and Knot of the ECB are expected, from which investors hope to draw further indications. Little push, meanwhile, came from Asian lists, where the race for technology in Hong Kong weakened during the session and the Tokyo Stock Exchange ended just below parity with Japan which is dealing with record inflation since 1982, in a context of weakness of the yen against the dollar.

In the evening, it should be remembered, Fitch’s judgment on Italy is expected with the expectation of confirmation of the BBB rating with a stable outlook.

Good oil in Milan, purchases on Tim and thud Trevi

In Piazza Affari, oil companies move to the top of the main list, thanks to the stop to the fall of crude oil, with Tenaris and Eni among the best. Good Is in the following the news of the construction of a mega factory for photovoltaic panels in the United States. At the bottom of the list amplifier And Diasorin. Shop on Telecom Italy which, as reported by The sun 24 hours, has entered into an alliance with Ericsson on the latest generation 5G. Slide Trevi Fin (volatility stop at -10%) after the go-ahead for the capital increase.

Trend of the Btp / Bund spread

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Spread rises to 194 points, yield grows to 3.99%

Slightly upward trend for the spread between BTp and Bund. The yield differential between the ten-year Italian benchmark BTP (Isin IT0005494239) and the same German maturity stands at 194 basis points from 191 basis points on the previous day. The yield of the 10-year benchmark BTP rises to 3.99% from 3.94% at the previous closing.

Euro slightly up, gas falls and oil slows down

On the currency front, the euro is worth 1.037 dollars (from 1.032 dollars on the day before closing) and 145.07 yen (145.25), while the dollar-yen stands at 139.78 (140.68).
The price of gas in Amsterdam falls further to 111.4 euros per MWh (-1%) while oil is volatile after the recent drops: January’s Wti trades at 81.6 dollars (+0.2%) and Brent same month to 89.7 dollars (-0.1 percent).

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Evidence of a rebound for the EU Stock Exchanges, Enel and the oil companies shine in Piazza Affari


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