(ANSA) – MILAN, 11 JAN – Positive European stock markets at the end of the morning, after President Christine Lagarde assured that the ECB is “prepared to continue to ensure price stability in this rapidly changing world”.
US futures were positive with confidence from US small businesses rising above estimates at 98.9 points. The weekly mortgage applications and the advances of the API (American Petroleum Institute) on the weekly crude oil stocks are also on the way, down last week by 6.43 million barrels.
The intervention of Fed President Jerome Powell before the Banking Commission of the US Senate is expected in the evening.
The spread between German BTPs and ten-year Bunds rose to 134.3 points, with the annual Italian yield rising by 1.1 basis points to 1.295%. Crude oil is progressing (WTI + 1.57% to 79.46 dollars per barrel), unlike gas (-0.72% to 84 euros per Mwh). Metals were positive except copper (-0.87%) and gold (-0.02%). The dollar fell to 1.133 against the euro and 1.359 against the pound, while it rose to 115.39 yen.
Purchases on semiconductor manufacturers Be (+ 6.67%), Asm (+ 4.35%), Stm (+ 2.38%) and Infineon (+ 2.04%) after Citigroup’s purchase recommendation. Stellantis (+ 0.73%) and Bmw (+0.55) are holding, while Volvo goes up again (-0.5%), while Daimler’s decline (-0.8%) increases. Purchases on pharmaceuticals Diasorin (+ 2.13%; Recordati + 1.52%), Bayer (+ 2%) and Sanofi (+ 1.55%), Rialzi for oil TotalEnergies (+ 1.53%), Shell ( + 1.33%), BP (+ 1%) and Eni (+ 0.82%), while Saipem (+ 2.5%) is driven by two new orders for almost 1 billion euros. In the banking sector, Bper rises (+ 1.17%), which halves the rise.
The Institute ousted Credit Agricole (+ 0.41%) with the exclusive Fitd on Carige (-11.2%), which was also frozen on the downside, which is very close to the 0.8 euro of the tender offer. Caixabank (+ 1.45%) and Bbva (+ 0.91%) did well together with Intesa (+ 0.59%) and Banco Bpm (+ 0.57%), Unicredit did not move much (+ 0.1%). (HANDLE).
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Source From: Ansa
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