Stock exchanges, Europe is cautious on the day of the US occupation. Gas prices are swinging

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(Il Sole 24 Or Radiocor) – the European stock exchanges They moved slightly on Epiphany Day, with lower volumes, following a sluggish session. the following week Crowd first courses of the yearIt should, however, close in broadly positive territory. the FTSEMIB AC supraparity, like CAC 40 Paris. More background Dax 40 frankfurt fIBEX 35 Madrid, while traveling at a slightly better pace FT-SE 100 from London.
Investors ignore the performance of Wall Street, which instead closed on the eve of a marked decline, especially on the side of technology stocks (-1.47% in the Nasdaq). Moreover, investors fear the Fed will continue to raise interest rates, a belief that has also pushed government bond yields higher: the two-year Treasury gained nearly six basis points, to 4.445%. Meanwhile, expectations are rising regarding the US labor market report for Decemberwhich will be published today.

In Milano’s eyes on Stellantis and St., Tim takes special notice

All eyes will be on Piazza Affari stellants, in the wake of the slowdown in the European auto sector and after the words of the CEO, Carlos Tavares, who traveled to Las Vegas for CES 2023. The director opened up to “unpopular options” such as the possible closure or downsizing of some plants while excluding job cuts and spoke of the need to continue Work to reduce the cost of technology, in order to make electric vehicles, the cornerstone of the group’s future, more accessible to the general public. It’s still at stake Stmicroelectronics, dragged down by worse-than-expected fourth-quarter data from Samsung Electronis. It also remains under the lens Telecom ItaliaWhile a thousand rumors are being chased about the solutions that will be adopted to bring the network under the cover of the state.

Stable spread just above 200 pips

Stable trend of BTp/Bund spread. The yield differential between the 10-year BTP benchmark (IsinIT0005494239) and the same German maturity is indicated at 202 basis points, unchanged compared to the previous day’s reference. The 10-year benchmark BTP return is showing partial decline, pointing to 4.30% from the 4.32% close overnight.

The Euro moved a bit, and Oil is on the rise

On the foreign exchange front, the euro is trading at $1.0513, exactly in line with the previous day’s values ​​($1.0525 at the close). The currency also changes hands at 141 yen (140.64), while the dollar/yen exchange rate is at 134.12 (133.58). Oil rises slightly: February’s WTI rose 0.3% to $73.89 a barrel, and March North Sea Brent rose 0.2% to $78.89 a barrel.

Gas prices fluctuate, returning to less than 70 euros and rising again

After a declining start, which brought gas back below the threshold of 70 euros per MWh, prices are rising again. Contracts expiring in February trading on the TTF platform in Amsterdam, after recording first place with a decrease of €69 per MWh and after falling to a day low of €67.5, have started to rise again and are currently +6. 6% to 77.22 euros, thus at end-December levels.