Final Piazza Affari +0.3%, Iveco and Leonardo perform well

A day with no particular ideas for the European stock markets, mainly focused on quarterly reports. In Piazza Affari, the Ftse Mib ended up 0.3% at 31,156 points, with Iveco Group (+7.7%) leading by balance sheet, followed by Leonardo (+3.3%), which forecast 2023 confirmed. The utilities Hera (-2.4%), A2a (-2.6%) and Erg (-2.7%) fell.

On Wall Street, the S&P 500 hit a new record above 5,000 points, while revisions to inflation CPI data signaled no major shifts, raising hopes of a slowdown in prices to support short-term interest rate cuts.

On the macro agenda, Italy’s December industrial production data rose 1.1% monthly, beating expectations.

Next week, much of the focus will be on American data on consumer prices (Tuesday) and retail sales, as well as interventions by central bankers, including Christine Lagarde for the ECB. Also focus on the reporting season in Europe and Italy.

In bonds, the BTP Bund spread exceeds 157 basis points, with the yield on the Italian 10-year bond rising to 3.95% and that of the Bund rising to 2.38%, while the 10-year US Treasury bond rose to 4.18% rose.

Among commodities, Brent oil is stabilizing above $81 a barrel after this week’s rises, while on Forex the Euro/Dollar exchange rate is little changed at 1.078 and the Dollar/Yen is at 149.3.