Home Ā» Stock markets, toned Europe wait for US inflation. A Piazza Affari rips Tim

Stock markets, toned Europe wait for US inflation. A Piazza Affari rips Tim

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A positive start for European stocks ahead of the release of the key US inflation data, which should give the Federal Reserve pace for its monetary tightening. The starter of today’s session has already been in Asia, with the cautious indices closing in scattered order (down China, + 0.4% Toko more cautious attitude waiting for guidance on rates and inflation. In Wednesday’s session strong rebound for global equities, Withall

Investors expect an increase in JanuaryUS price index of 7.2% annually (+5.9% the core data), which would be higher than last month.

After the close of the US markets, the quarterly earnings of Uber and Disney In Europe, too, the thick of it continues quarterly season, with Societe Generale’s record profit at 5.6 billion and Credit Suisse’s 1.6 billion franc red on provisions and restructuring.

FTSE Mib business square performance

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Central banks

If in the last week the focus has been on the ECB, which last Thursday had floated the hypothesis of a rate hike as early as 2022 and then clarified better in the following days, today the eyes will return to the US Fed and its choices. The market fears that it may raise rates by 50 basis points as early as March to cope with runaway inflation reaching 7.1% and fears that it could launch up to 7 hikes from 25 basis points over the whole year. This is why the US inflation figure for January is crucial: if it turns out to be above expectations and still strongly overheating, it could in fact confirm these forecasts of the markets. And, of course, vice versa.

Run Tim and Ne Ne

In Piazza Affari leads the Telecom Italia list which received the green light from the Brazilian Antitrust to purchase Oi. According to Bloomberg, it is considering strategic options, including the sale,for its German asset Ratepa. Rebound after the Post-account gains for Banca Bper while the slowdown of Banco Bpm continues, always in the wake of the quarterly. At the bottom of the list Iveco Group and Stellantis.

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