(Il Sole 24 Ore Radiocor Plus) – The crash of the Nasdaq followed closely by the Asian stock exchanges triggers a start in red also for the European stock exchanges. The CAC 40 of Paris and the FTSE MIBof Piazza Affari are the most penalized., Sales in the US were triggered on the prospect that in the course of 2022 the Federal Reserve will carry out not only three increases in interest rates, as proposed by the institute, but probably four or even more. The data of the last few days have shown that US inflation continues to run (+ 7% annually in December) and the economists recall among other things that 2022 will also be a key year for the appointment with the mid-term elections. . Overseas the quarterly season is ready to start.
On the currency market, the euro it remains well above $ 1.14. Plate it spread between BTp and Bund after the clear recovery for the prices of Italian securities in the second part of the last session. The yield of the benchmark ten-year BTp was also stable at 1.29 per cent.
The Generali case breaks out in Milan
At Piazza Affari all eyes are on General, after the surprise announcement of the resignation from the board of directors of Francesco Gaetano Caltagirone. A move that highlights the high tension at the top of the insurance company. The announcement could also provoke tremors in Mediobanca, the largest shareholder of Generali and the institution in which both Caltagirone and Leonardo Del Vecchio are present (the latter is the largest shareholder). Out of the main basket, headlights on Webuild after the announcement that new orders acquired and being finalized during the year amount to approximately 10.8 billion, of which over 95% in key geographies, such as Italy, USA, Australia, France, Austria and Northern countries. On the Ftse Mib it stands out only positively Leonardo which has obtained an order from the Austrian Defense for the supply of helicopters: the contract is worth 346 million euros, The worst is Stmicroelectronics confirming the pressure on technology stocks.
Tokyo stock market, closing -1.3% for the Nikkei
The Tokyo Stock Exchange closed lower, due to concerns, already present on Wall Street the day before, related to a possible more aggressive rate hike than expected by the Federal Reserve to counter the inflationary spiral in the United States. The peak index NIKKEI 225 it closed at its lowest level since the beginning of the year. New US employment and price data have further convinced investors that the US Central Bank will bring out heavy inflation artillery.
The red of Wall Street and the words of Brainard
European equity markets ended up moving in no particular order on Thursday in an attempt to stabilize after the high volatility start to the year. At Piazza Affari the FTSE MIB ended up 0.47%, like Madrid (+ 0.46%). Frankfurt remained broadly on par, while Paris lost 0.5 percent. -0.2x%.
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