EU stock exchanges close with contrast, Milan +0.3%. On Wall Street, Nasdaq -1%. Record gold
US producer prices rose less than expected, while retail sales exceeded estimates. Focus on US banks, with results from Citi, Wells Fargo and BofA
Le ultime da Radiocor
*** Deficit/Pil: Giorgetti, cauto ottimismo per dato settembre, possibile ribasso
*** Pil: Giorgetti, a ora non si evidenziano scostamenti rispetto a Dfp
Giorgetti: dazio 3 euro pacchi Ue si cumula a tassa nazionale 2 euro
(Il Sole 24 Ore Radiocor)- European stock exchanges closed in mixed order European stocks , contaminated by the weakness of Wall Street, which was affected by the impact of the quarterly reports of the big US banks. The minus sign prevailed on the lists, also due to the international tensions, while the Ftse Mib of Milan resisted above parity and finished at +0.27%. Investor focus remains on nervousness on the Iranian front, after Trump's threats of intervention. Meanwhile, Europe reiterates its support for Greenland's autonomy, while Denmark announces an increase in military resources in the area. All this while concerns about the ongoing criminal investigation of Fed Chairman Jerome Powell, which raises questions about the independence of the US central bank, continue to hold sway.
Wall Street closes down, DJ -0.09%, Nasdaq -1.00%
Wall Street closed lower. The Dow Jones lost 0.09% to 49,149.75 points, the Nasdaq gave up 1% to 23,471.75 points while the S&P 500 left 0.53% to 6,927.03 points on the ground.Themanufacturing price index rose 0.2% in November, up from 0.3% of estimates. November retail sales, meanwhile, rose 0.6 per cent, beating Dow Jones' forecast of 0.4 per cent. On the equities, the stock of Wells Fargo & Co slipped on lower-than-expected revenues. Bank Of America slips after its results for the fourth quarter beat analysts' estimates. Headline up for Citigroup after modestly upbeat results that fell short of expectations. Wall Street was down on the eve of the session, with the financial sector the worst performing group: shares of J.P. Morgan Chase & Co , the first bank to release its quarterly report, tumbled more than 4%.
Tim is the pink jersey at Piazza Affari
On the stock market at Piazza Affari, Tim gained the pink jersey at +4.65%, with investors looking ahead to the board meeting on 19 January and possible synergies with Poste (-0.54%) in the new 2026-29 strategic plan. Purchases also rained down on Prysmian (+3.45%) thanks to management's optimism about achieving fourth quarter targets. Utilities and pharma did well, with Recordati +0.75% and Diasorin +0.91%. Buzzi (+1.88%) recovered after the eve's thud. At different speeds the banking sector. At the bottom of the list, sales hit especially Brunello Cucinelli (-3.32%) and St (-2.35%).
Euro/dollar little moved, spread stable at 63 points
On the currency side, the euro/dollar moved little in the 1.165 area while the Bitcoin traded above the 95 thousand mark, at the highest level since mid-November. The oil rose again, with Brent crude close to USD 66 per barrel and Wti above USD 61. The spread between the BTp and Bund was stable, with the yield spread between the benchmark ten-year BTp and the German ten-year bond moving to63 basis points, unchanged from the day before and still pegged at the lowest level since 2009.
New records for gold and silver
Precious metals continue to rally with gold and silver updating their records. Spot gold, after touching an all-time high of $4,639.42 an ounce, travels a little further back. Spot silver jumps to $91 an ounce, already up almost 27% since the beginning of the year. US inflation data, which were weaker than expected and therefore strengthened bets on interest rate cuts by the Fed, pushed prices up; this was coupled with a backdrop of persistent geopolitical uncertainty.
