European stock markets are starting a cautious rally
European stock exchanges open the new week in full swing after a lively eighth (+1.8% Eurostoxx and Ftse Mib) and with the withdrawal of Chinese listings (+2% Shanghai) and thanks to technology. New tensions linked to the war in Ukraine, with US warnings to China not to support Russia’s move, and linked to missiles launched by North Korea that sparked protests from Japan and the United Nations, are of little importance at the moment. On investor sentiment. But movement in stock indices was constrained: Madrid rose 0.3%, the best; Piazza Avari marks +0.2%; Mark Frankfurt and Paris +0.1% as well as London which remains at all-time highs above 8 thousand points on the Ftse100. Wall Street will be closed for Presidents Day. In Milan, Saipem (+1.4%) and Pirelli (+1.4%) stand out, the latter of which will publish the accounts for 2022 on Wednesday after rumors, which have been denied, regarding the disengagement of first shareholder Sinochem. Enel did well (+1%) as it finalized asset sale agreements in Argentina. Campari and Stellantis rise in results week.
Tim’s conundrum remains: the stock is down 2.8% while CDP bid times on the network appear to be expanding, as an alternative to Kkr’s bid to be examined by the board on February 24th. Share prices were the champions in Friday’s session after Fitch Ratings assumed an improvement in the company’s rating outlook should the outlook for operating margins stabilize. Banca Generali’s ex-dividend (-1.4%) which distributed to shareholders the second tranche of the 2021 dividend for €0.80 per share. In the foreign exchange market, the euro-dollar exchange rate has returned to the 1.07 area (1.0711 from 1.0661). EUR/JPY reached 143.42 (143.26 on Friday) and USD/JPY at 134.03 (134.36). Oil rose (+0.8%) with April Brent at $83.7/bbl and April WTI at $77.2/bbl. Natural gas rose in Amsterdam (+1.4%) but still below the €50 per MWh threshold (49.7).
“Infuriatingly humble social media buff. Twitter advocate. Writer. Internet nerd.”
Intentionally ripped Urus
Energy, an Italian boom in renewable energy sources. Enel? Champion »- Corriere.it
Alfa Romeo, the station wagon has arrived: the Germans are ready to shudder