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(Il Sole 24 Ore Radiocor) – The European stock markets in the first session of the week, after having concluded a 2023 to be framed (+19% the average of the continental markets and +28% Milan), are moving in the name of weakness (STOXX 50 ).
Thus in the Old Continent the FTSE MIB of Milan, the CAC 40 of Paris, the DAX 30 of Frankfurt, the IBEX 35 of Madrid, the FT-SE 100 of London and the AEX of Amsterdam are negative.
Focus on US inflation
All eyes remain on the data relating to American inflation (which will be released on Thursday 11 January), useful for trying to guess the Fed’s next moves, in view of the meeting on 31 January. On the central banking front, Raphael Bostic of the Fed is expected to intervene.
On the European side, industrial orders in Germany fell in November compared to the same period of the previous year, with the index decreasing by 4.4%. Wednesday 10th and Thursday 11th January will be the turn of the data from France and Italy.
Amplifon in the running on Piazza Affari, banks doing well
Among the stocks with the highest capitalization on Piazza Affari, Amplifon is running, after Morgan Stanley’s upgrade to ‘overweight’ from ‘equal-weight’ and an improvement in the price target. The banking sector is positive with Banca Mps in the lead, while Banca Mediolanum is driven by good net inflows in December. Profit taking on Leonardo – Finmeccanica, oil weak with Eni, Saipem and Tenaris.