The Stock Exchanges of today 6 February, Milan opens the week down: -0.55%- Corriere.it

The start of the week in decline for the Milan Stock Exchange, in line with the other European markets. In early trading, the Ftse Mib index lost 0.56% to 26.803 points. Investors are digesting the global economic outlook on the back of solid US labor market data released on Friday amid rising Sino-US geopolitical tensions. In Europe there are expectations for the data on retail sales and the preliminary estimate on German inflation.

The price lists

Tim shines on the Milanese list +1.98%, awaiting developments after the presentation of an offer for the network by the Kkr fund. Among the banks, Intesa +0.63% and Banca Mediolanum +0.2% did well; down instead UniCredit -0.28%, Banco Bpm -0.07%, Bper Banca -0.16%, Mediobanca -0.30%, Mps -0.42%. Inwuit also rose +0.25%. Down Stm -1.89%, Moncler -1.8%, Pirelli -1.55%, Stellantis -0.75%, Cnh Industrial -0.71%, Iveco -1.21%. Interpump loses 1.44%. (here the quotes in real time).

Spreads

The Btp-Bund spread rises to 186 basis points, with the yield on Italian ten-year bonds going to 4.08%, six basis points more than at Friday’s close. German Bunds yielded 2.22% (4 basis points more), while Next Gen Eu stocks rose to 2.83%, (up 5 basis points from Friday. (here the real-time spread).

European stock exchanges

As mentioned, opening also decreased for the European stock exchanges in the first session of the week. Paris’ Cac loses 0.77% to 7,177.89 points, Frankfurt’s Dax drops 0.59% to 15,385.45 points and London’s FTSE 100 drops 0.54% to 7,860.70 points . Negative sign also for the Ibex of Madrid, down by 0.55% to 9,175.73 points.

Asian bags

Stock markets in no particular order in Asia and the Pacific after last Friday’s employment data in the US, which triggered fears of a new Fed squeeze. Factory orders in Germany better than estimates, another indicator of a positive trend in the real economy, which could induce central banks to continue with their interest rate policy. Tokyo gained 0.67%, Shanghai lost 0.76%, Taiwan 1.34%, Seoul 1.7% and Sydney 0.25%. Hong Kong (-2.21%), Mumbai (-0.65% and Singapore (-0.14%) are still open. Futures on Europe and on American stock markets are negative. Crude oil has contrasted (Wti +0.72% at 73.92 dollars per barrel) and natural gas (-0.24% at 57.75 euros per MWh), weak gold (-1.93% at 1,874.21 dollars per ounce) together with other metals , the dollar recovered to 0.92 euro, 1231.72 yen and 0.829 pounds.Sprinting on the Tokyo market by Mazda Motors (+3.5%) and Nissan (+2.12%), presenting the new alliance with Renault.Toyota also did well (+1.16%), while semiconductor producers Tokyo Electron (-1.96%) and Advantest (-2.02%) lost.New decline for Adani (-3.71% ) in Mumbai.