focus on Tim (the Kkr offer is being examined) – Corriere.it
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Positive start, albeit with prudence, for the main European stock exchanges which thus try to repeat the rises of the eve (after four sessions of non-stop losses). In the first bars Milan gains 0.4%, as do Paris (+0.5%) and Madrid (+0.4%). Slightly behind London (+0.2%) and Frankfurt (+0.2%) which recorded contrasting data, thanks to an improvement in consumer confidence (due to lower energy prices) but at the same time a revision down the fourth quarter GDP growth with +0.9% (from +1.1%).
Rates, inflation and geopolitical tensions
Attention remains high on the interest rate front, as does the prudence of investors, waiting for new macro data that will allow us to predict the future moves of the central banks, with the Fed and the ECB in the lead. The last session of the week will also pass through the test of January PCE inflation in the US and of personal expenses, which could provide further information on price trends in the United States. But to stiffen the climate are the geopolitical tensions between Beijing and Washington, on the anniversary of the Russian invasion of Ukraine, which have already weighed down Chinese lists while Tokyo closed on the rise thanks to the new governor of the Bank of Japan, Kazuo Ueda , which confirmed the central bank’s current ultra-accommodative policy.
Business Square
On the Ftse Mib (here the performance of the stock exchanges in real time), among the titles in evidence Tim (+1.3%) on the day in which the board of directors will make an initial examination of the offer of Kkr for the network. Luxury is doing well with Moncler (+1%) and Stellantis (+0.9%) in a rally still supported by the accounts. Volatile Eni (+0.5%) in the aftermath of a difficult session after the quarterly report and the new plan to 2026. At the bottom Banco Bpm (-0.6%) and Bper (-0.5%). Slightly decreasing start for the spread between BTp and Bund. In the first stages, the yield differential between the 10-year benchmark BTP and the same German maturity indicated at 188 basis points from 189 points at yesterday’s finale. More accentuated decline for the yield of the ten-year benchmark BTP which scored a first position at 4.32% from 4.37% of the final on the eve (here the trend of the spread in real time).
Energy and changes
On the exchange front, the euro fell slightly to 1.0591 dollars (from 1.0593 at yesterday’s close) and 142.78 yen (142.64). The dollar/yen exchange rate was 134.80 (134.63). Gas rises to 52.5 euros per MWh in Amsterdam, as does oil: April WTI futures trade at 76.2 dollars (+1%) and those on Brent at 83.1 dollars (+1.1 percent ).
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