Positive day for the European Stock Exchanges. Investors are focusing their attention on the next moves of the central banks, in particular the Fed and the ECB which will meet between Wednesday and Thursday. In Europe, however, the fear of even more restrictive monetary policy interventions than expected is growing given that, after the case of Spain, there is now a new flare-up of inflation in France too.
Today the euro weakens against the dollar and at the TTF in Amsterdam gas rises to around 57 euros per megawatt hour. In chiaroscuro, however, oil prices. Looking at international crude oil prices, in fact, Brent is declining, while Wti is up by more than 1%.
In Milan, the Ftse Mib rose by 1.00% and closed at 26,599.74. The spread between BTPs and German Bunds dropped sharply, around 188 basis points. On the other hand, the yield on the ten-year bond rose, around 4.17%. On the main list of Piazza Affari good Bper (+3.58%), Intesa Sanpaolo (+2.82%) and Banco Bpm (+2.66%). Banks are positively impacted by aggressive central bank forecasts on interest rates.
The real leap, however, comes from Unicredit (+12.29%), thanks to the latest published accounts. The group closed the October-December quarter with revenues of 5.719 billion, a gross operating margin of 3.246 billion and a record underlying net profit (1.457 billion). At the bottom, instead, Stmicroelectronics (-1.11%), Snam (-0.76%), Mediobanca (-0.82%), Leonardo, (-1.68%), Italgas (-0.83%) , Amplifon (-1.06%), Diasorin (-1.04%), Ferrari (-1.51%) and Generali (-0.61%). (in collaboration with Money.it)