December 6, 2022

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Omicron still sends out the bags in red. Strong sales in the technology sector

(Il Sole 24 Ore Radiocor) One night after the Armistice good index performance, Fear of the spread of the Omicron variant is returning (the first case has been confirmed in the US, California), while European Commission President Ursula von der Leyen on Wednesday expressed concern and spoke of a “race against time.” Fears are still in the background for high inflation (The Organization for Economic Co-operation and Development reported a jump in the region in October to 5.2% from 4.6% in September and to the top since 1997), with potential moves by central banks and with governments, including the Italian government, considering measures to deal with rising prices, especially energy .

So European stock exchanges They advance in the name of weakness, although they rise from the bottoms at the beginning of the day. in the middle of the day FTSE MIB Milan is weak. In Italy it appeared The unemployment rate rose 0.2% to 9.4%.. They also lose height CAC 40 Paris, dated DAX 40 in FrankfurtIBEX 35 in Madrid, the Ftse 100 in London andAEX Amsterdam. No support from eurozone job numbers, as the unemployment rate fell to 7.3% in October, from 7.4% in September and from 8.4% a year earlier. In the EU, it is 6.7% after 7.5% in September and compared to 7.5% in October 2020.

Future Wall Street has moved a bit, and subsidies are doing better than estimates

Soft Wall Street futures (S&P 500 and Dow Jones rose modestly, while Nasdaq futures fell), after better-than-expected initial jobless claims, which increased by 28,000 to 222,000 last week, versus expectations of 240,000 units. All this on the eve of the release of employment data for November, an important thermometer for the performance of the US economy. Technology stocks are in the spotlight, with Apple dropping more than 3 points in the primary market following rumors that the Cupertino giant has spotted suppliers with a possible slowdown in demand for the iPhone 13.

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Inflation and the epidemic are still ahead

After a respite in the evening, concerns about the progress of the epidemic returned to the fore, with the variable Omicron, and doubts about the actions of central banks, which are struggling to fight inflation. On the health front, the White House’s top advisor on the Corona virus, Anthony Fauci, raised concern by emphasizing that Omicron can be more portable Which can exceed the protection conferred by the vaccine. At the moment, however, there are no data. In addition, those who have had this type show only mild symptoms. However, in the US, the Biden administration is preparing a new squeeze on entrances, with a commitment to a negative swab within 24 hours prior to arrival even for vaccinations. In any case The World Health Organization believes that closing borders will not stop the spread The international version of the Omicron variant of the coronavirus could already have adverse effects on the fight against the epidemic. In the background, there is also concern about the future moves of central banks, in light of the fact that inflation continues to run and thus, as Federal Reserve Chairman Jerome Powell has pointed out, is no longer just fleeting. The banker announced that the US bank will discuss in December whether to wait for tapering, which will expire in June 2022. Analysts also fear the possibility of an interest rate tightening as early as next year.

In Piazza Avary Down St., Positively Stellantis and Mediobanca

In Piazza Afari, almost the entire main price list is shown in red. Stmicroelectronics Accuses worst performance after the rally that eve today. Stocks are affected by the fact that Apple, one of its main customers, has indicated a possible slowdown in demand for the new iPhone 13. Finecobank and the ExorThe latter became popular on the eve of indicators that emerged during Investor Day, as President John Elkann confirmed that the holding would hold $10 billion in cash next year, of which $9 billion would be used for investment. Stilants It goes against the trend, despite the fact that registrations in Italy went poorly in November: they fell for the group by 33.3%, against a market decline of 24.6%. occupy positions general, at a timid height Mediobanca, awaiting news of their future, in the eyes of entrepreneurs Leonardo del Vecchio and Francesco Gaetano Caltagirone, prominent contributors to both. They also recorded a slight increase Saipem and the where are youWaiting for OPEC + decisions on crude oil production. Out Ftse Mib, Take Profit Mps Bank, after the gathering that evening.

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