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Little moves in European stock exchanges, Milan on parity in the last session of the year

(Il Sole 24 Ore Radiocor) Little moved trend for the European stock exchanges, with the main indices still moving above par. The FTSE MIB is in line with the other continental price lists, between not very lively exchanges and a semi-festive atmosphere. Attention remains high on Covid-19 data, even if the record levels of contagion reached in many countries do not seem to weigh on the performance of the stock markets. After yesterday’s mixed close on December 29, with the S & P500 still record-breaking, a fairly flat start is also expected for Wall Street, with futures that are just above par. Waiting for the end of the year, investors prefer not to take a position, considering however that 2021 will close with a plus sign for European lists and for Milan, Paris and Amsterdam there will be progress compared to the end of 2020 of more than 20 percent. More contained, but still double-digit, the rise in Frankfurt, when Madrid shows a more limited annual gain. On the macro front, the weekly claims for unemployment benefits, lower than expected. Meanwhile, this morning, the Tokyo stock exchange ended the session down but the whole of 2021 up, when the Chinese stock exchanges in Shanghai and Shenzen ended the day in positive ground. Today is the last session of the year for Milan and Frankfurt, while Paris and Madrid will exchange on December 31 at reduced hours, together with London and New York.

In Piazza Affari, among the stocks, the more defensive ones such as utilities are better: Snam Rete Gas, Italgas e Hera. Good Ferrari which catches up after sales on the eve, with purchases also up Diasorin e Amplifon. It is another session of sales for the oil sector with Tenaris e Saipem, when it is still weak Nexi. After the positive trend of yesterday 29 December, in contrast with the banking sector, it slips Banca Pop Er. Also in red Atlantia and Unipol.

FTSE Mib stock market trend

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Applications for unemployment benefits in the US are decreasing

In the United States, the number of workers who first applied for unemployment benefits in the week ending December 18 fell by 8,000 to 198,000, the Department of Labor reported; the expectations were for a figure equal to 205,000 requests. The previous week’s figure was revised from 206,000 to 205,000. At the height of the pandemic, the United States had registered a maximum of 6.9 million new requests per week. The 4-week average is 199,250, down 7,250 from the previous week’s average, the lowest since October 25, 1969. The total number of workers receiving unemployment benefits – relative to the week ending December 18, the last for which data is available – it fell 140,000 to 1,716 million, the lowest figure since March 7, 2020. The total number of people receiving aid from various state and federal programs, including those for the Covid-19 emergency was 2,177,355 in the week ending 11 December November, an increase of 39,363 units from the previous week.

Record activity for Euronext, capitalization 6,900 billion

Euronext recorded record levels of activity on its primary markets during 2021, confirming its position as the European leader in share prices and the world leader in bond prices. Between Amsterdam, Brussels, Dublin, Lisbon, Oslo, Milan and Paris, the Euronext circuit hosts 1,959 equity issuers, for a total capitalization of 6,900 billion. Numbers that make it, underlines a note, “by far” the largest market operator in the European region in terms of market capitalization. 25% of the shares listed in Europe are traded on Euronext markets. In detail, in the course of 2021 there were 212 new prices, an historic record, which raised 26 billion with an aggregate capitalization of 123 billion.

Spread BTp / Bund stable at 134 basis points

Stable opening for the spread between BTp and Bund. The yield differential between the ten-year Italian benchmark and the same German maturity is initially indicated at 134 basis points, the same value as yesterday’s final, 29 December. The yield of the benchmark ten-year BTp increased very slightly, which marked a first position at 1.17% from 1.16% at yesterday’s closing.

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