Bags today April 18 | Cautious European price lists awaiting the US quarterly reports

Positive start to the session for the European stock exchanges after the higher than expected figure for the Chinese GDP. In Europe, some indications will come from the German Zew index. Eyes on US quarterly reports to understand the effects of restrictive policies on companies and banks. Also waiting for the numbers of Goldman Saachs and BofA, as well as those of Netflix. Among the European markets, Milan recorded an increase of 0.3% with the Ftse Mib at 27,764 points. Frankfurt retreats to +0.13%, Paris marks a +0.31% and London +0.26%. (market data here). The spread between the BTPs and the German Bunds remained stable below 184 points (183.7) (here the spread data in real time) as was the yield on the Italian ten-year bond which was confirmed at 4.32%.

Business Square

In Piazza Affari the increases are led by Amplifon (+1.7%) after Demant increased its guidance for the current year and by Prysmian (+1.8%) which benefits from the positive opinion of Morgan Stanley. The banks are in tune with Unicredit rising by 1.5% and Mps by 1.6%, while Tim remains at a standstill (+0.16%) on the day when the non-binding improved offers on the network are expected. At the end Leonardo (-1.8%), energy and utilities.

Ericsson loses 4% on the Stock Exchange after the accounts

The slowdown in investments in 5G networks by telephone operators weighs on Ericsson’s accounts. On the Stock Exchange, the stock discounted the prospects of a slowdown in industry and dropped 4.3% to 59.7 crowns. The Swedish group closed the first quarter of the year with revenues of 62.6 billion crowns (5.5 billion euros), up 14% compared to the same period of 2022, an ebitda down 22% to 3 8 billion crowns (340 million euros) and a net profit that collapsed by 46% to 1.6 billion (140 million euros). Organic revenues in networks decreased 2% year over year on an adjusted basis as, as expected, customers in early 5G markets slowed the pace of development somewhat, with an effect magnified by reduced inventory levels accumulated during times of tight supply chains. The group that produces mobile networks thus expects an unstable 2023 with little visibility.

Currencies, gas and oil

On the currency market, the euro rose against the dollar to 1.094. The single currency is also worth 147 yen (from 146.85), while the dollar/yen ratio is 134.35 (134.48). The price of natural gas for May on the Amsterdam TTF platform rose slightly to 41.52 euros per MWh (+0.9%) while oil benefits from Chinese GDP: the May future on the WTI shows +0.4% to 81 16 dollars a barrel and June Brent is trading at 85.2 dollars (+0.5%).