EU Opening - European stock markets are struggling to recover
12/16/2022

EU Opening - European stock markets are struggling to recover

European stock markets are struggling to recover after the sell-off on the eve of Four Witches Day. The Dax rises by 0.10%, the Cac40 drops by 0.11% and the Ftse100 by 0.05%, while the Ftse Mib scores +0.25% to 23,786 points. Wall Street futures are down (-0.17% on the Dow Jones and -0.19% on the S&P500). The European Central Bank has decided to follow the Bank of England (rates at 2008 highs) and the Federal Reserve (Fed) by raising interest rates by 50 basis points, which now stand at 2.50% respectively. 2.75% and 2% for main refinancing operations, marginal and deposit lending.

UE Opening - Piazza Affari and the other stock exchanges of the old continent open in the red
12/15/2022

UE Opening - Piazza Affari and the other stock exchanges of the old continent open in the red

Piazza Affari and the other stock exchanges of the old continent open in the red on Thursday 15 December (Ftse Mib -0.75%), the day after the 0.5% increase by the Fed and the warning from Governor Jerome Powell that other tightened in 2023. Yesterday Powell slowed down the monetary policy tightening but also raised the forecasts on the peak that will be reached by US interest rates.

EU Opening - European stock markets are expected to move slow
12/14/2022

EU Opening - European stock markets are expected to move slow

European stock markets are expected to move little at the start of the session (Eurostoxx50 futures -0.08%) even if Wall Street futures are up (+0.2% on the Dow Jones and +0.24% on the S&P500) after on December 13, year-on-year US inflation in November, lower than estimates (7.1% against 7.3% expected and 7.7% in October), gave fuel to the markets because it reinforces the belief that the Fed in today's meeting will raise by 50 basis points and not 75 as previously assumed (at 20:00 the announcement, at 20:30 the press conference of the president, Jerome Powell).

Eu opening - European stock markets down
12/12/2022

Eu opening - European stock markets down

European stock markets down at the start of the session. The Dax lost 0.5%, the Cac40 0.47%, the Ftse100 0.28% and the Ftse Mib 0.40% with the Btp/Bund spread increasing to 192 basis points. Focus on central banks, with the first meeting of the Fed (Wednesday) and the following day (Thursday) the ECB. Investors are expecting more dovish statements from both Powell and Christine Lagarde, who this week could calm and calm market volatility by confirming the inflation peak already reached and both raising rates by 50 basis points.

EU Opening - European stock markets open the session higher
11/30/2022

EU Opening - European stock markets open the session higher

European stock markets open the session higher (Milan's Ftse Mib +0.4%, Dax +0.5% and Madrid's Ibex +0.20%) on Wednesday 30 November, waiting for a day in which the focus will be on inflation of the Eurozone to be released at 11:00 am and after a weak close on Wall Street and Asian markets choppy due to industrial production in China well below expectations. However, investors are looking positively at Beijing's plan to support vaccinations especially in the older segment of the population, a fact that fuels hopes for the end of the lockdowns in the country.

EU Opening - Weak opening
11/28/2022

EU Opening - Weak opening

A red Monday is expected for the European stock exchanges, down at the start of the session (-0.49% for the Dax, -0.50% for the Cac40, -0.81% for the Ftse100 and -0.80% for the Ftse Mib ) such as Wall Street futures. The situation in China is worrying the stock markets, where coronavirus infections continue to grow and protests have exploded against the rigid zero-Covid policy which forces large sections of the population into sudden, extended and prolonged lockdowns, as well as mass tests.

Eu Opening - European stock markets up
11/23/2022

Eu Opening - European stock markets up

European stock markets up slightly at the start of the session except for Milan, weighed down by Enel and A2A (+0.30% the Dax, +0.15% the Cac40, +0.35% the Ftse100 and -0.33% to 24,508 points the Ftse Mib). Wall Street futures were out of sight (+0.08% on the Dow Jones and +0.08% on the S&P500) pending the minutes of the last FOMC meeting at 20:00.

EU Opening - The European Stock Exchanges start uncertain
11/22/2022

EU Opening - The European Stock Exchanges start uncertain

The European Stock Exchanges start uncertain in the aftermath of a weak session also on Wall Street, while Tokyo has recorded a recovery. The ftse Mib among the best (+0.36%), the Dax in Frankfurt +0.08% and London +0.76%. The FTSE MIB is doing slightly better, up 0.22% in Milan, with investors also looking at the 35 billion maneuver announced by the Meloni government last night.

EU Opening - European stock markets down
11/21/2022

EU Opening - European stock markets down

European stock markets down at the start of the session (-0.23% the Dax, -0.29% the Cac40, -0.28% the Ftse100 and -0.60% the Ftse Mib held back by the coupon detachment which weighs approximately 1.3%, and on Friday evening it received the confirmation of its "BBB" rating by Fitch with a stable outlook. Wall Street futures were also in the red (-0.35% on the Dow Jones and -0. 42% that on the S&P500), investors are looking at the minute Fed and the ECB.

EU Opening - Piazza Affari opens Thursday 17 November positive
11/17/2022

EU Opening - Piazza Affari opens Thursday 17 November positive

Piazza Affari opens Thursday 17 November positive (+0.5%) thanks also to the collapse of gas at the TTF in Amsterdam which at the beginning of the European session lost 9% to 103.9 euros per megawatt hour. To "lighten" the price of methane on the markets the rumors in the press on a "price cap" of the European Union which would be triggered in the event of monstrous increases, beyond a predefined ceiling.

EU Opening - Milan -0.14%, London's FTSE 100 +0.05% and Frankfurt's Dax -0.35%
11/16/2022

EU Opening - Milan -0.14%, London's FTSE 100 +0.05% and Frankfurt's Dax -0.35%

Chinese stock exchanges travel in decided red on Wednesday 16 November, thanks to lackluster macro data. The Hang Seng loses 0.28%, Shanghai 0.45%, while the Nikkei is above parity (+0.14). European lists, on the other hand, remain uncertain, Milan -0.14%, London's FTSE 100 +0.05% and Frankfurt's Dax -0.35%, thanks to geopolitical uncertainties with a missile on Poland, a Russian-made missile that hit the territory on Tuesday evening Polish and killed two civilians. Even if the tension has eased somewhat after US President Joe Biden judged it unlikely that the missile that fell in Poland came from Russia.

EU Opening - European stock exchanges are moving weakly
11/10/2022

EU Opening - European stock exchanges are moving weakly

European stock exchanges are moving weakly, awaiting the key report on American inflation. Investors, always waiting for the final results of the Midterm elections in the United States (in the House of Representatives the Republicans are on their way to win, even if by a much lower margin than that indicated by the forecasts. In the Senate the situation is uncertain), they have returned to focus on the economic trend and are waiting to understand what the price trend in the US is and, consequently, how much the Fed will decide to raise interest rates. In December, the US central bank could raise interest rates by 75 basis points (it would be the fifth time in a row) or by "only" 50 basis points. Inflation in the US in September reached 8.2%, expectations are for a slight decrease to 7.9%.

EU Opening - European equity markets well set up at the start of the session
11/04/2022

EU Opening - European equity markets well set up at the start of the session

European equity markets well set up at the start of the session (+ 0.50% the Dax, + 0.96% the Cac40, + 0.74% the Ftse100 and + 0.3% the Ftse Mib) with Wall Street futures also 'they are positive (+ 0.2% on the Dow Jones and + 0.25% on the S & P500). Investors are digesting recent moves by central banks, from the ECB to the Fed to the BoE which, as widely expected, raised the cost of borrowing by 75 basis points, in line with the other two. Today, November 4, the speeches of various ECB exponents are expected: at 09:45 the speech by De Guindos is expected, at 10:30 am Lagarde (who yesterday admitted that at the beginning of 2023 there will be a slight recession, but this will not prevent it from continuing to raise rates because the inflation rush does not show signs of abating), at 1:00 pm at Panetta and at 5:00 pm at Lane. In the afternoon, focus on US employment, payroll and unemployment data.

UE Opening - European stock markets fell sharply
11/03/2022

UE Opening - European stock markets fell sharply

European stock markets fell sharply at the start of the session (-0.8% in the Dax, -0.98% in the Cac40, -0.85% in the Ftse100 and -1% in the Ftse Mib in Milan). Wall Street futures are trading just below par (-0.02% on the Dow Jones and -0.08% on the S & P500) after a more hawkish-than-expected Fed.

EU Opening - Slightly positive European stock exchanges
11/02/2022

EU Opening - Slightly positive European stock exchanges

Slightly positive European stock exchanges at the start of the session (+ 0.25% in the Dax, + 0.60% in the Cac40, + 0.14% in the Ftse100 and + 0.29% in the Ftse Mib) pending the outcome of the meeting of the Fed decision tonight at 19:00 (the market is pricing in a rate hike of 75 basis points). Meanwhile, Wall Street futures are trading just above par (+ 0.10% on the Dow Jones and + 0.16% on the S & P500 and Nasdaq + 0.5%). The focus obviously on President Powell's words for the future. Meanwhile, the dollar remains weak. It will be important to understand how much the Fed, even if it signals a slowdown in the pace of rate hikes after the 75 basis point hike expected tonight, will likely reiterate the need to keep rates "higher for longer" to give the impression that the battle against inflation is not over yet.

EU Opening - European stock exchanges under pressure
10/28/2022

EU Opening - European stock exchanges under pressure

European stock exchanges under pressure at the start of the session (-1% the Dax, -0.59% the Cac40, -0.88% the Ftse100 and -0.9% the Ftse Mib). The ECB, as expected, raised the cost of money in the Eurozone to the highest level since January 2009, but hinted at the possibility of a less aggressive approach in the future. The European Central Bank raises interest rates by 75 basis points for the third consecutive time. The cost of money in the Eurozone thus rises to 2%. The rate on marginal lending operations, on the other hand, rises to 2.25%, while that on commercial bank deposits with the ECB itself rises to 1.50%.

US Opening - Cost of money in the Eurozone at the highest level since January 2009
10/27/2022

US Opening - Cost of money in the Eurozone at the highest level since January 2009

Cost of money in the Eurozone at the highest level since January 2009. The European Central Bank raises interest rates by 75 basis points for the third consecutive time, as widely discounted. The cost of money in the Eurozone thus rises to 2%. The rate on marginal lending operations, on the other hand, rises to 2.25%, while that on commercial bank deposits with the ECB itself rises to 1.50%.