(Il Sole 24 Ore Radiocor) – European stock exchanges are moving strongly upwards with investors who continue to hope for a diplomatic solution to the Ukrainian crisis, despite the fact that in the last few hours the United States, Europe and even Japan have announced sanctions against Russia. The Russian president, Vladimir Putin, said that the country is open to “direct dialogue”, while stressing that “the interests and security of Russian citizens are not negotiable”. The American president, Joe Biden, has announced “tougher sanctions of 2014” against Russia. Sanctions that for now hit two Russian financial institutions and sovereign debt, cutting the country out of Western financing and the European market.
«The operators see the first series of Western sanctions against Russia as less aggressive than expected»Comment ActivTrades analysts. In general, they add, “despite the bull market we are seeing, the appetite for riskier assets continues to decline everywhere and investors are leaning more towards safe havens. The growing geopolitical tensions and the resulting uncertainty could in any case begin to benefit some specific sectors linked to raw materials such as energy ».
The Piazza Affari in Corsa Stellantis disappoints Campari
In Milan the FTSE MIB moves firmly above 26 thousand points. The Stellantis immediately rose after the publication of the 2021 accounts, the year archived with a net profit of 13.4 billion euros, almost tripled compared to the pro-forma result of 2020, on net revenues up 14% to 152,119 billion euros. The board of directors will propose a dividend of 3.3 billion euros to the shareholders’ meeting. From the Agnelli galaxy, on the other hand, CNH Industrial is under pressure, following the meeting of top management with the financial community, during which it emerged that the company expects net revenues to grow to 20-22 billion dollars by 2024 and an adjusted EBIT margin improving to 12-13%. Heavy collapse for Davide Campari, after lower than expected numbers for 2021 and the postponement of targets on margins due to pressures on material costs. Out of the main basket, Alerion flies after the accounts and the upward revision of the forecasts on the accounts of 2022.
China on gas, prices still up
TTF gas prices remain high (+ 10% in the session on Tuesday 22 February) which were also affected by the block at North Stream 2. “At the same time, domestic LNG prices in China rose to record levels following the strong demand for heating – note the analysts of Mps Capital Services – should the cold temperatures continue, Chinese demand would be in direct competition with Europe which is currently benefiting from record inflows ».