Bags in no specific order on the day of the three witches. Banks lead Milan (+0.5%), beneficial properties on Cucinelli | EUROtoday

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(Il Sole 24 Ore Radiocor) – European inventory markets shut in no specific order, avoiding the dangers of the so-called day of the three witches: on Wall Street, futures on indices, choices on indices and choices on shares expire on the identical time and this often generates volatility on the markets. Thus, the FTSE MIB in Milan is among the many finest, supported specifically by the banks, whereas there’s a rain of realizations on Cucinelli, whereas the CAC 40 in Paris and the DAX 40 in Frankfurt finish weak. Better than the IBEX 35 in Madrid. Amsterdam's AEX and London's FT-SE 100 are weaker.

Meanwhile, analysts who’re holding their guard up concerning the subsequent financial coverage strikes are nonetheless assured a few charge reduce in June, regardless of higher-than-expected US inflation information. Bofa's CEO, Brian T. Moynihan, was additionally constructive and, in an interview with The solar 24 hours, mentioned that «the ECB and the Fed might begin reducing charges on the identical time, in June this yr, and proceed on the identical tempo all through 2024, the ECB's reducing cycle will find yourself being a lot quicker than within the United States United.” Meanwhile, today the focus is on the data on import prices and US industrial production. In this scenario, the BTP-Bund spread, after falling below 120 basis points on Thursday 14 December, rises back to the 127 basis point area.

Wall Street down, Nvidia's rally stops

Wall Street fell as concerns about inflation rose and Nvidia's rally paused, impacting many other tech stocks. The Day of the Three Witches could also bring greater volatility. As for the hypotheses of a rate cut of 25 basis points, the majority of analysts are betting on June although – according to the CME Group's FedWatch Tool – the percentage has decreased somewhat compared to 57% a week ago. All the main indices are down, the Dow Jones, the S&P 500 and the Nasdaq. On the stock market the title of Nvidia that's $100 away from the recently set record of $974. Adobe also lost ground after the software company provided weak guidance. On the other hand, the shares of Rivian Automotive rose, after Piper Sandler raised its rating and price target, as did the semiconductor company Micron Technology, after Citi included it among the stocks to buy, then raising the price target from 95 to 150 dollars thanks to the boost of artificial intelligence.

MPS shines in Piazza Affari, Cucinelli down

In Piazza Affari, a topic that is heating up banking sector stocks is that of possible M&A operations. In this context, Banca Mps finished at the top of the rising Ftse Mib. Purchases also on Unicredit (+2.2%), Banca Generali (1.9%) and Banca Mediolanum (1.99%), followed by Banca Pop Er. Realizzi on Brunello Cucinelli, the day after the presentation of the accounts, after the increases of the last sessions. Moncler also did poorly on a negative day for European luxury, with losses also for LVMH in Paris. Profit-taking on Leonardo – Finmeccanica, after the good performances of the last few sessions, following the presentation of the plan on Tuesday, and on Iveco Group, following the industrial plan to 2028 which made the stock soar by more than ten points. Finally, all eyes are on the European telecommunications sector, therefore on Telecom Italia in Milan, after the acquisition of Vodafone by Swisscom for 8 billion euros, with the aim of integrating it with Fastweb (Swisscom's affiliate in Italy).

Spread closes slightly up at 126 points

The unfold between BTp and Bund closed barely larger. At the tip of the session, the yield differential between the benchmark ten-year BTp (Isin IT0005560948) and the German equal maturity stood at 126 foundation factors from 125 foundation factors on the closing the day earlier than. Sharper enhance for the yield of the benchmark ten-year BTp, which marked a final place at 3.70% from 3.67% of the earlier shut.