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European stock markets are rising in a week that will be full of indications for operators on various fronts, first of all, that of central banks, with the meetings of the ECB (Thursday 25 January) and the Bank of Japan (Tuesday 23 January) . At a macroeconomic level there will be European PMI indices and US data on GDP for the fourth quarter and on inflation relating to consumer spending, the corporate level with the quarterly reports of various big companies, especially in the technology sector (Intel, IBM, Asml, St).
Thus, the STOXX 50 is traveling in positive territory, having fallen by 1% in the previous week. Also rising were the CAC 40 in Paris, the DAX 30 in Frankfurt, the Ibex in Madrid, the Aex in Amsterdam. London’s FT-SE 100 is around parity, while Milan’s FTSE MIB is in the red.
Focus on Enel and Snam, after the interim dividend for 2024
The shares of Enel and Snam Rete Gas trade ex-dividend on the stock exchange on the day of the 2024 interim dividend. This operation led to a technical decline in the Ftse Mib. Specifically, Enel pays a deposit of 0.215 euros per share and Snam pays a deposit of 0.1128 euros.
Nexi at the top of the list, Eni and Ferrari down
At the bottom of the Ftse Mib are Eni, Ferrari and Davide Campari. The utilities sector is the most penalized in Europe. On the Ftse Mib, Nexi stands out thanks to the attention on the payments sector induced by the entry of Credit Agricole as a partner of the French Worldline. Tenaris and Stmicroelectronics did well. Banca Mediolanum is also on the rise, with Intermonte considering it the favorite among managed savings stocks, and Amplifon which has strengthened its network of owned sales points in the USA. Out of the Ftse Mib down Juventus Fc, after a merger of shares (in the ratio 1 new every 10), and Autostrade Mer.
Spread over 150 points
The spread between BTp and Bund is stable. The yield differential between the benchmark ten-year BTp (Isin IT0005560948) and the German equivalent maturity stood at 153 basis points, at the same level as last Friday’s close. However, the yield of the benchmark ten-year BTp fell, marking its first position at 3.84%, from 3.87% at the previous closing.