European stock markets down at the start of the session

European stock markets down at the start of the session (Dax -0.39% Ftse Mib -0.48% Ftse100 0.03% and Cac40 + 0.23%), almost all follow the Asian trend and yesterday’s selloff on Wall Street, in particular on the Nasdaq which lost the 2.60% (S&P500 -1.84%) due to the rise in the Treasury yield, the 10-year in fact is approaching the 2% threshold, is now above 1.88%. The technology sector is still the one that suffers the most even in Asia, Tokyo lost 2.8%.
After a positive start on Monday, the European stock exchanges are preparing for the second downward start while on the macroeconomic front, inflation in Germany is confirmed as the expected 0.5% for the month of December and 5.3% on an annual basis. In the UK above 5.4% above expectations (5.2%).

The disappointing data from the banking giant Goldman Sachs yesterday contributed to the weakness of Wall Street with an annual net profit down 13%.
Positive note on the Nasdaq is the rise of Activision Blizzard (+ 25.88%) after the purchase by Microsoft with an unprecedented operation in the world of Gaming (almost 70 billion dollars cash). We recall some of the main assets produced by Activision: Call of Duty, Crash Bandicoot and World of Warcraft.
With this move, the company led by Nadella enters into direct competition with Zuckerberg in the challenge to the metaverse.

Index – Asia in strong red, Tokyo -2.8% Hang Seng -0.25% and Shanghai down 0.33%.
On Wall Street, futures are still moving in negative territory with the Nasdaq down by 0.68%, the Dow Jones by 0.51% and the S & P500 by 0.53%.

Forex – the weakness of the Canadian dollar against the main currencies is noticeable, but also the American greenback (EURUSD + 0.09% at 1.1334). The New Zealand dollar and the Swiss franc rose. It also fetches the JPY. USDJPY down 0.18% to 114.39.
GBPUSD on parity at 1.3596. This afternoon at 3:15 pm the Governor of Bank of England Bailey will speak.

Commodities oil still rises, above 86 dollars a barrel (at the time of writing 85.44 + 0.76%), still at its highest since 2014. An important pipeline connecting Turkey and Iraq was hit by an explosion, decreasing supplies.
Gold slightly down (-0.08%) to 1812 dollars an ounce.

Key Macroeconomic Data

EU – On the macroeconomic front, inflation in Germany is confirmed as the expected 0.5% for the month of December and 5.3% on an annual basis.

UK – In the United Kingdom, inflation above 5.4% above expectations (5.2%). On a monthly level, inflation in December beats expectations + 0.5% (against + 0.4% of the consensus).

US – building permits issued in December (2:30 pm)

Fonte: UCapital.com

Commenti