Investors’ eyes are also turned to the quarterly reports that continue to arrive from the United States, starting with big techs. After Netflix, which saw profits and subscribers rise also thanks to the “Squid Game” effect, the South Korean series that was seen by over 111 million people worldwide in the first four weeks of broadcast, a record for the platform. Ibm and a car manufacturer like Tesla. The quarterly accounts are very important to understand where the stock exchanges could move, because they can make it clear how much the increase in the prices of raw materials and energy is weighing on the accounts of companies. For now, the response from the quarterly reports has been good and above expectations, but in recent days, mainly banks have emerged. The market is eagerly awaiting the industrial companies, which have started publishing the accounts.
Azimut does well in Milan, Moncler recovers
Utilities starting from Enel, already bright on the eve, eA2a, but the best performance is that of Azimut, after Equita raised the 4% price target to 25 euros per share. The industrialists and cars set the pace, with the bottom of the list Stellantis e Ferrari, while recovering Moncler, which initially had suffered from the results of the French giant Dry and above all the performance of the flagship brand, Gucci. Pharmaceuticals are recovering.
BTP / Bund spread trend
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Spread down to 103 points, yield drops to 0.92%
On bonds, closing slightly lower for the spread between BTp and Bund on the MTS secondary market for government bonds. The yield differential between the ten-year benchmark BTp and the same German duration is indicated, at the end of the day, at 103 basis points, from the 105 points of the opening and one point less than the 104 basis points of the last reference yesterday. The BTp yield ten-year benchmark which stood at 0.92% from the last position of 0.94% of the previous closing.
Euro / dollar stable, Bitcoin updates records
On the foreign exchange front, the euro changes hands at 1.1645 dollars (1.1640 at the start and 1.163 at yesterday’s closing) and at 133.001 yen (133.25 and 132.96) when the dollar is worth 114.217 yen (114.5 and 114.23). Finally, at the end of the European markets, oil started to rise again after the publication of the last US, it fell in the face of a wait for an increase: the December delivery contract on the WTI rises by 0.44% to 82.8 dollars a barrel and that of the same maturity on Brent from the North Sea was 0.22% at 85.27 dollars a barrel.
Bitcoin has updated its all-time high. The cryptocurrency topped $ 65,000 for the first time and hit $ 66,000, up about 5% in the past 24 hours. The record was expected, as the valuation of the leading cryptocurrency had hovered around $ 64,000 for several hours, after yesterday’s debut of the ProShares Bitcoin Strategy ETF (‘BITO’), the first Bitcoin futures ETF.
