Stock exchanges weak while waiting for the Fed, in Milan Mps sprint. Wall Street negative: Dow Jones -0.45%
The market expects a 25-point cut in the US, despite still high inflation. On Wall Street Paramount launches a hostile bid for Warner Bros. Euro weakens against dollar, oil down
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Wall Street: apertura negativa (S&P -1,1%), pesano crolli Tesla e Alphabet
***Bce: Lagarde, chiesta a staff analisi approfondita su petrolio e gas per settembre
Obbligazioni: tasso Bund decennale ai massimi dal 2011, Oat francese dal 2009
(Il Sole 24 Ore Radiocor) - European stocks, with investors pulling their oars in the boat as they await the Federal Reserve's decision on rates on Wednesday, 10 December, even though economists are almost unanimous in their opinion that it will cut the cost of money by 25 basis points. In the meantime, the tension between the US and Europe caused by the distance of positions over the peace talks in Ukraine is worrying. The President of the European Council, Antonio Costa, said: "We already know that Europe and the United States do not share the same vision of the international order".
Thus Milan ended the session on a parity, Frankfurt at +0.11%, with the industrial production in Germany registering a 1.8% increase in October. Paris posted a minus sign (-0.08%) while Madrid closed at +0.22%
Wall Street weak, battle over Warner Bros
Weak Wall Street travels ahead of the Federal Reserve meeting scheduled for Tuesday and Wednesday. In recent weeks, traders' confidence in a Fed interest rate cut has grown, with federal funds futures discounting a approximately 90% probability of a cut; three weeks ago, it was less than 50%. Wall Street closed negative with the Dow Jones losing 0.45 per cent to 47,739.32 points, the Nasdaq giving up 0.14 per cent to 23,545.90 points and the S&P 500 retreating 0.35 per cent to 6,846.51 points.
This week, investors will keep an eye on the earnings of companies such as Lululemon Athl , Costco Wholesale, Broadcom , Oracle and Adobe . The stock of Confluent Inc-Class A gained almost 30% in pre-market, after Ibm announced the acquisition of the real-time data streaming platform, in a deal worth $11 billion. Still in the spotlight Warner Bros Discovery: although the company chose Netflix , Paramount Global is not giving up and l is launching a $30-a-share cash tender offer to buy the multinational company. The offer is worth over 108 billion and covers the entire Warner Bros. In this regard, the words of the US president, Donald Trump, that the proposed $83 billion merger between Netflix and Warner Bros. Discovery 'could pose a problem'.
In Milan Mps on top, Ferrari down
At Piazza Affari Mps closes as first in its class, posting a rise of 4.36% Purchases also on Mediobanca (+1.7%), after the news reported by Sole 24 Ore, according to which last September Consob had not detected a concert between the shareholders Francesco Gaetano Caltagirone and Delfin led by Francesco Milleri. After last week's rally of over 13%, triggered by the Trump administration's decision to relax standards on harmful gas emissions, Stellantis ended in negative territory (-1.3%). At the tail end Ferrari (-3.5%) after the disappointing Formula 1 world championship and the downgrade by Morgan Stanley.
