Home Economy Stock exchanges close in a race with gas below 100 euros. Exploiting Nike on Wall Street

Stock exchanges close in a race with gas below 100 euros. Exploiting Nike on Wall Street

Stock exchanges close in a race with gas below 100 euros.  Exploiting Nike on Wall Street

(Il Sole 24 Or Radiocor) – Here comes Ricochet’s European stock exchanges Which came under pressure from the moves of central banks and fell to its lowest level in more than a month. German morning data (Consumer Confidence and Employment) combined with the gas price dip below €100 and the impact of Nike accounts on retailers made the session positive but the liveliness of Wall Street (which actually recovered yesterday) favored the improvement in US consumer confidence allowing for a nice finish to the listings: Piazza Afari (FTSEMIB) gained 1.66%, Paris (CAC 40) was the best, closing at +2%. Frankfurt also did well (Dax 40), Amsterdam (AEX extension) and London (FT-SE 100).

Oil is on the rise with the sharp decline in US stocks, and gas is in the region of 97 euros per MWh in Amsterdam. “Energy prices are now moderating and year-over-year comparisons will become easier. A recession still looks like the most likely scenario, but moderation in energy prices could cause the recession to be shorter and lower than otherwise expected,” reports Schroders in its 2023 stock market outlook.

Wall Street is on the rise. fly nike

Wall Street indices rose sharply, following the gains made last night. Nike and FedEx Quarterly Results, Released Tuesday 20 As Stocks Close, Give A Boost: Sportswear Giant Title earn 15% After earnings and better-than-expected revenue: Net profit for the quarter ended November 30 was $1.33 billion, or 85 cents a share, more than the 64 cents forecast by experts, on revenue of $13.32 billion, up 17% year-over-year. Earlier, against expectations of 12.57 billion. Title FedEx up more than 5%, after earnings exceeded expectations, but revenue is lower than the consensus. The delivery company said it would cut another $1 billion in spending in 2023, totaling $3.7 billion in savings. With the end of 2022 fast approaching, The three main indicators point towards Worst annual performance since 2008 And the First decline after three positive years. As of Tuesday’s close, the Dow was down 9.6% for the year and about 5% for the month. For the S&P 500, it fell by 19.82% and more than 6%, respectively; for the NASDAQ 32.58% and about 8%.

USA, consumer confidence is on the rise

In December, Americans were more optimistic about the economy than they had been in the previous month, beating experts’ forecasts. A confidence index compiled monthly by the Conference Board, a private research group, rose from 101.4 in November (revised from the initial 100.2) to 108.3 points, reaching the highest level since April 2022; Analysts had expected a number of 101.2 points. As for the component that measures future expectations, it increased from 76.7 to 82.4 points. The figure related to the current situation rose from 138.3 to 147.2 points. theOne-year inflation rate is expected to be 6.7%.down from the 7.1% expected in the previous month.

Saipem and Eni ran into Avary Square. Aveo jingle

In Milan, oil producers are showing an acceleration in crude oil prices given the sharp drop in US weekly inventories: Eni (+3.55%), Saipem (+3.48%) and Tenaris (+2.3%) led Ftse Mib. Among others, it increases by more than 2% in Moncler, Diasorin and Inwit. Outside Ftse Mib +2.3% to WeBuild thanks to the €2.4 billion contract for the subway that will connect the new Western Sydney International Airport with the Australian city. Va ko Avio (-9.5%): The Arianespace Vv22 mission to bring two satellites into orbit with a Vega C launcher failed.


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