Le Borse di oggi, 3 gennaio. Europa vira al ribasso, gas ancora a quota 50 euro al megawattora

European⁤ Markets React to US Steel Blockade adn Gas Supply Concerns

European markets remained in the red, despite a positive opening on Wall Street.US​ Steel’s stock took a hit after President Joe Biden blocked a $14.9 billion sale to japan’s ​Nippon Steel, citing the need to protect the national‍ industry. Simultaneously occurring, Italy’s ‍national statistics institute‍ (Istat) reported ⁤that fiscal pressure reached 40.5% in the third⁣ quarter of 2024, an⁤ increase of 0.8 percentage points compared to the same period in the previous year.

Investors on the Milan ⁣Stock Exchange ​closely ‍watched the performance of⁣ MPS shares, as the bank ⁣announced it would exercise ⁤an option for the early redemption of a Tier 2 subordinated bond on January 22nd. Stellantis saw a decline following disappointing new car registration ⁤data. Nexi was also in focus after a new ⁤shareholder agreement was signed between Cassa ⁢Depositi e⁤ Prestiti and private⁣ equity funds, covering 55.27% ⁣of the company’s capital.

Gas Supply Uncertainties Loom as russian Flows Cease

Gas‌ prices remain a key concern as deliveries of russian gas to Europe through Ukraine are set to cease. the contract ⁢signed in 2009 between the two warring nations, renewed in 2019 ‍for an additional five years, expired on December 31, 2024. While Brussels believes the impact on ⁢European businesses and households will‍ be limited, the halt in ⁣gas supplies, linked to disruption in transit through Ukraine and the separatist⁢ Transnistria region of Moldova, has forced the closure of all industrial companies, except for food‌ producers. Future contracts on the Amsterdam TTF exchange hovered‍ around €50 per‍ megawatt-hour.

“The intervista ⁤al presidente dell’Arera.”

While gas price increases are inevitable, drastic spikes like those experienced in 2022 are unlikely to⁣ reoccur, according to stefano Besseghini, CEO⁤ of Italgas. ‌Speaking on January 3, 2025, besseghini emphasized the importance of focusing on renewable energy sources to ⁢ensure a stable energy future.

“We don’t expect a repeat⁤ of the 2022 gas crisis,” Besseghini stated. “However, ‍some price increases are unavoidable in the coming months.”

“To ensure energy security and affordability, we⁤ must accelerate the transition to renewable energy ⁣sources,” he added.”Italy⁢ is well-positioned to lead this transition thanks to its abundant solar⁤ and wind resources.”

US manufacturing PMI Surges‍ Past Expectations in December

Confidence among​ US businesses ‌has shown a​ strong rebound, surging to 49.30 points in December,up from 48.40 points in November. This figure surpasses analysts’ forecasts of 48.4 points, suggesting ⁢a positive outlook⁢ for the manufacturing sector.The data was ⁢released by the Institute for Supply Management (ISM).

Wall Street⁤ Opens Higher as Investors Anticipate Key Economic Data

Wall Street kicked off the⁢ trading day with gains as investors eagerly await a slew of economic indicators and prepare for potential shifts‌ in economic policy under​ the Trump management. The Dow Jones Industrial Average climbed 0.55%, ​while ⁤the‍ S&P ​500 rose 0.60%, ⁣and the tech-heavy Nasdaq Composite index advanced 0.78%. However, shares of united States Steel Corporation experienced a sharp decline,​ plummeting 5.25% at the opening bell. This followed President Joe Biden’s⁤ decision to block the company’s sale to Japanese steel giant Nippon Steel. the‌ move brought an end to over a year of discussions and political wrangling surrounding the proposed acquisition.

Wall⁤ Street is poised ​for a rebound after yesterday’s ‍losses, driven by significant dips in tech giants Tesla and Apple. futures point to a positive opening, suggesting a recovery​ from Tuesday’s downturn.

Tesla saw its stock price plummet over 6%, while Apple​ dropped by 2.6%. However, the pre-market trading​ paints a less ⁢optimistic picture for US Steel, ⁤with the ​company’s stock down nearly 8%.

This decline follows ​President Joe Biden’s decision to block ⁢the $14.9⁤ billion ⁢sale of US ⁤Steel to a⁣ Japanese ⁢company. The move has sent shockwaves through the‌ industry,casting uncertainty over the deal’s⁤ future.

Meanwhile, European⁤ alcohol producers ‌are facing a downturn following a warning from​ the US Surgeon General, Vivek Murty. Murty highlighted the⁣ link ⁣between alcohol ​consumption and ⁣cancer risk, calling for clearer labeling ​on alcoholic beverages.

“We need to make sure that the public is aware of the risks ⁢associated ​with alcohol consumption,” Murty stated.His ⁢report⁤ has sent ripples through⁣ the market, with shares of major alcohol producers⁢ taking a hit.

Campari,such as,has seen its stock price drop by 3.8%, while Remy ‌Cointreau has fallen⁤ by 4.3%. Pernod Ricard and Diageo ‍are also experiencing losses, down 2% and ‍2.4% respectively. Even ​beer giant AB InBev has not been spared, with⁤ its ⁤stock shedding 1.9%.

US Steel Sale Blocked⁢ by ⁤Biden on National Security Grounds

President joe Biden intervened on January 3, ⁣2025, to halt the $14.9 billion acquisition of US Steel by Japan’s Nippon Steel. Citing national security concerns,⁣ Biden stressed​ the importance of safeguarding​ American steel production. “this acquisition would ⁤place one of ‌America’s leading⁢ steel producers under ⁣foreign control,‍ posing risks to our national security and critical supply ⁢chains,” Biden ‍stated. “Thus, I am taking action to prevent this deal⁤ from moving forward.”

Market Reaction

News of the blocked sale sent ripples ⁣through the market. Shares in US Steel experienced​ a dip, while Constellation ‌Energy, a company recently ⁤awarded billion-dollar government contracts for nuclear⁣ energy, saw its stock⁢ rise nearly 2%.

EU Commission‌ Seeks Input on Single Market Strategy

the‌ European Commission is calling for contributions⁢ on its upcoming single market strategy.This ​initiative aims to gather insights into the main hurdles hindering the free movement of goods⁣ and ⁤services, identify key regulatory and administrative challenges faced by businesses (including SMEs), and explore governance and implementation issues along with potential solutions. This call for input follows an ‌appeal from​ the Council.

Goldman Sachs ⁢Predicts Surge ‍in Gas Prices Due⁣ to⁤ Arctic Blast

While the halting of remaining Russian gas flows ⁣through Ukraine made headlines this week, experts at Goldman Sachs believe‍ the biggest driver affecting the northwest European⁤ gas market will be the unusually severe cold snap expected⁢ over ‌the next ⁤two weeks. This frigid weather, coupled with‌ low wind power generation and production issues observed in⁤ Norway in‍ December, is ⁤predicted to significantly push up ⁢ TTF gas‍ prices⁣ to a range of ⁣€63 to⁣ €84 per ‍megawatt-hour in the coming months. this projection, if ​realized, would be ⁢considerably higher than the baseline price ‌of €40 per megawatt-hour estimated for 2025 under average weather conditions. The analysts emphasize the need for these ‌elevated prices to ensure sufficient gas reserves in europe are maintained.⁢

Oil Prices Dip Slightly Amid ⁢Concerns Over China’s Economy

Oil prices edged lower on Friday, with Brent‌ crude futures falling by 0.135 to $75.8 ⁤per barrel, while West Texas Intermediate (WTI) futures remained ⁣flat at $73 per barrel. The ⁢slight‌ decline in prices⁢ comes as signals of a sputtering Chinese​ economy have fueled ​expectations of further ⁣economic stimulus measures ​from​ the⁢ world’s ‍largest oil⁣ importer. China recently announced a series of new measures aimed at boosting‌ its economic growth, including initiatives to increase salaries for public sector employees and a ‍significant increase in funding from long-term government bonds. ⁣

European Stock Markets Dip as Investors Await Economic Clues

European stock markets closed in the red on Friday, the last trading day of⁣ a shortened week due to the New Year ‌holiday. Investors remained focused on economic data, seeking insight into the ⁤future direction of interest⁢ rates from central banks. Meanwhile, concerns lingered over ​potential​ new tariffs imposed by the incoming US administration, with President-elect Trump’s inauguration scheduled for January 20th. Adding to⁣ the ⁣uncertainty, worries about a slowdown in the chinese economy persisted, ‍prompting speculation about Beijing’s plans to stimulate growth. The optimism sparked by comments from European Central Bank (ECB) Governing Council member​ Yannis Stournaras earlier in the week seemed ‍to⁣ fade. Stournaras had hinted at an expected cut in the main interest rate to 2% by autumn, indicating a further​ reduction of‍ 100 basis points this‌ year – ‍largely in line‌ with market expectations.

Major Indices Decline

frankfurt’s DAX index fell by 0.24%, while London’s FTSE 100 dipped by 0.06%. The CAC 40 in paris closed down 0.74%, and Milan’s FTSE MIB saw a 0.39% drop.

Nexi, the payments systems giant, has announced a new shareholder agreement governing 55.27% of its capital.‍ The agreement,effective from January 1st,2025,replaces a previous pact that expired on December 31st,2024. The prior agreement, which ⁣covered 60.1%‍ of⁣ Nexi’s shares, also included Poste Italiane.

According to a⁢ document released by Nexi, the new agreement was signed⁢ on December‌ 30th, 2024, by Cdp ‌equity and Cdpe Investimenti (holding 14.46% of shares),Ab Europe (2.14%), Neptune (1.15%),‌ Eagle (6.47%), Mercury Uk ⁣(9.86%), and Evergood H&F ⁢(21.19%).

“The agreement outlines a procedure for the ​renewal of the board of directors through ​the presentation of a joint ​list of candidates​ by Ab, Mercury, Cdp, and ‍H,” the document ‍states.

The Transnistria region, a breakaway territory in Moldova with a predominantly⁢ Russian-speaking population, is ⁤facing a severe economic crisis due to the interruption of​ Russian‌ gas supplies. ​The region, which ⁤separated from Moldova in the 1990s with the collapse of the soviet Union, has been heavily‌ reliant on Russian‌ gas for its energy needs. Gas Cut-Off Triggers Industrial Shutdown The halt⁢ in⁣ gas deliveries,​ linked to the ongoing‍ conflict in Ukraine, has forced the​ closure ⁣of⁢ all industrial enterprises in Transnistria, except ⁣for those​ involved ⁣in food production. Sergei Obolonik,‌ the region’s ⁣Frist Deputy Prime Minister, confirmed the situation to local media outlets. “All industrial enterprises are inactive, except for those​ engaged in food production, which directly guarantee the food security ⁣of Transnistria,” ‌Obolonik stated. He expressed‌ concern about the long-term impact of the gas shortage,⁣ warning of irreversible consequences if the situation persists. “It is too early to judge how the situation will develop… The problem is so widespread that if it is not⁣ resolved⁣ for a long time,​ we will​ already⁤ have irreversible changes, namely, enterprises will lose the⁣ ability to restart.” Heating and Hot Water Suspended Adding to the hardship, the Transnistrian authorities⁤ announced the ⁢suspension of heating and hot water supplies to⁤ families just two days prior to the industrial shutdown. The region’s approximately 450,000 residents are now grappling with a multifaceted crisis compounded by the ⁢ongoing conflict in Ukraine.

Asian stock markets presented a mixed picture on January 3rd as investors‌ closely monitored china’s economic⁣ growth ‍trajectory. Anticipation also surrounded the release of US manufacturing data and President Trump’s potential next moves on trade tariffs.

Seoul Rises Despite Political Uncertainty

the Kospi index in Seoul surged ⁢by 1.79% despite ongoing⁣ political instability​ stemming from the impeachment ⁣of President yoon Suk Yeol. Simultaneously ‍occurring, Tokyo markets were closed.

shanghai and Shenzhen Decline

In mainland China, the Shanghai index fell by 1.10%, while Shenzhen experienced a larger drop of 1.65%.

Hong Kong Market Shows Resilience

Bucking the trend, the Hang Seng index in Hong Kong ​closed 0.7% higher, demonstrating resilience amidst ⁤regional market fluctuations.

Spanish‍ Unemployment Falls to ⁤2007 Low

In ⁢December, unemployment in Spain dropped by approximately 25,300​ individuals, reaching a total of‌ 2,560,718 unemployed individuals. This marks⁤ the lowest unemployment ‌rate since 2007.⁢ While analysts projected a decrease of 46,500, the actual decline signifies ⁤a positive trend for the Spanish labor market. Throughout the year, Spain witnessed⁣ a significant decline of 146,738 unemployed individuals, bringing the total unemployed⁢ population to 2.56 million – the lowest figure in⁤ the past 17⁢ years. Meanwhile, Germany’s ​unemployment rate remained stable at 6.1% in December, defying expectations of ⁣a slight​ increase to 6.2%.There are currently 2,869,000 individuals without work in Germany.

Banking Sector Anticipation Heats Up

Italian bank stocks are‌ showing signs of recovery‍ at Piazza Affari after a subdued start to the⁤ year.​ While the overall market‍ remains cautious, investors are⁢ eyeing the ⁢banking sector with growing ⁤interest, convinced that 2025 will be ‌a pivotal year for mergers and acquisitions (M&A). Mps is down⁢ slightly,by 0.3%, ​but Banco Bpm which initially dipped, reversed⁢ course and is now ⁣up ⁣by 0.1%. Popolare di ‌Sondrio⁢ also showed resilience, ⁣climbing​ 0.3%. bper slipped by a marginal 0.27%, ‌while larger players Intesa⁣ Sanpaolo and‍ Unicredit saw ‍gains of 0.39% and 0.53% respectively. This ⁢renewed confidence ⁣stems from unicredit’s recent bid for Banco Bpm,which,while ⁢initially rejected by Banco⁣ Bpm’s board as inadequate,has intensified speculation. Market analysts​ ⁣ anticipate a revised, perhaps more aggressive offer from Unicredit, possibly transforming it into a full-fledged takeover bid (OPA) encompassing both a share swap and a cash component. Adding to the intrigue is the potential role of Bper⁢ in⁤ this unfolding M&A landscape. With Unipol⁣ as its main shareholder,Bper is considered a potential key player in any⁢ future consolidation moves. Intesa ‌Sanpaolo, however, is expected to‌ remain on the ‍sidelines due to antitrust concerns, given its‌ already dominant position as ‍Italy’s largest bank.

Gas Prices ⁤Dip Below €50 per Megawatt Hour

After a relatively stable start to trading, natural gas⁤ prices experienced a slight dip on ‌January 3rd, 2025.Futures contracts for delivery in ​one month on the ​Title Transfer Facility (TTF)⁢ in Amsterdam opened​ at €50.38 per megawatt-hour before settling ‌at €49.60,representing a decline of 1.34%. ‍

milano ⁤Stock Exchange Dips Amid Luxury and Auto Sector Weakness

The⁣ Milan Stock Exchange (Borsa⁤ di Milano) experienced a⁢ decline of 0.6% on January 3rd, 2025, mirroring the downward trend observed in othre European markets. Investor concerns over recently announced tariffs by ⁤former U.S. President Donald Trump and slowing economic growth in China weighed heavily​ on the automotive⁤ and‌ luxury sectors. The spread between Italian and German 10-year bonds (Btp-Bund)​ narrowed to ‌115 basis points, with the yield on the Italian benchmark bond settling at⁢ 3.53%.

Unicredit Shines Amidst a Downward Trend

Despite the overall market downturn, Unicredit emerged as a ‍standout performer, with⁢ shares rising by 0.4%.⁢ The bank is currently engaged in an offer (OPS) for ⁢Banco BPM, whose ⁢shares dipped by 0.2%. Other ⁣banking stocks,including Mps (-0.6%)⁣ and Bper (-0.7%), showed weakness, while Intesa remained relatively stable with a minor decline of 0.09%. Mediobanca (+0.2%) and Prysmian (+0.1%) also recorded modest gains. ⁢Though, the automotive sector struggled, with ⁤Stellantis experiencing a ​significant drop of 2.8% and⁤ Iveco ‍declining by 1.6%. On ⁢the luxury front, both Brunello Cucinelli (-0.9%) and Moncler (-0.4%) ⁢faced downward pressure. Telecom Italia (Tim) also slipped by 1.2%, while ‌Pirelli shares fell ‍by‍ 1.1%. Utility and energy stocks, which had performed well the previous day, weakened⁢ slightly on January ⁣3rd. Saipem dipped by⁤ 0.5%, Eni by 0.4%, Enel by 0.3%, ‌and⁤ A2a by 0.2%. European markets opened flat on January 3rd, 2025,⁢ awaiting key manufacturing data ⁣from the United states. Uncertainty Grips ​Global Markets Investor sentiment remained cautious,‍ caught between concerns about President Donald Trump’s⁣ latest tariff announcements and signs pointing to a ⁢slowdown in Chinese​ economic growth. Yields on government bonds dipped slightly⁣ as investors sought clues regarding ⁣the next steps of central banks worldwide. European Markets Mixed Early trading showed mixed results across major European exchanges.Frankfurt edged up by 0.02%, while London and Paris saw⁢ minor declines of 0.02% and 0.08% respectively.Milan remained virtually unchanged, registering a minimal⁣ decrease of 0.01%.

Gas Prices Dip⁣ Slightly but Remain Above €50

Gas prices began the day with a slight dip, trading above the €50 ⁢mark.This follows a halt in flows via Ukraine.

Asian Markets‍ show Mixed⁤ Performance Amid Economic concerns

Asian ‍stock markets closed with mixed results, with investors closely monitoring China’s economic growth. Attention is also focused on US manufacturing data and⁤ potential tariff moves by ​US President Donald ‌Trump. Markets still trading saw‍ gains in Hong Kong (+0.42%) and‍ Seoul (+1.8%). Conversely, Shanghai (-1.5%), Shenzhen (-2.6%), and mumbai (-0.62%) all⁢ experienced ‍declines.

Cina: Banca‌ centrale verso un nuovo modello monetario

La People’s bank of China sta preparando una⁢ riforma della sua politica monetaria per avvicinarsi ai modelli ⁤della Federal Reserve ‍e della Banca Centrale Europea. Il nuovo approccio darà maggiore importanza al‍ controllo dei tassi di ‍interesse e ridurrà la centralità degli obiettivi quantitativi sui prestiti bancari. L’istituto ⁤ha dichiarato ⁢al *Financial Times* che prevede di tagliare i tassi di ⁤interesse,attualmente al 1,5%,“al momento⁣ opportuno” durante il‍ 2025. La banca centrale cinese, come riportato dal ⁤quotidiano britannico, ‌tradizionalmente utilizza una politica​ monetaria con molteplici tassi di ‍interesse e fornisce⁢ indicazioni ​specifiche alle banche sull’espansione⁤ dei ​loro portafogli di prestito. “Gli obiettivi quantitativi sono ​stati gradualmente eliminati negli ultimi anni”, ha ​affermato la People’s Bank of China, precisando l’intenzione di “prestare maggiore⁣ attenzione al ruolo del controllo dei tassi‌ di ‍interesse e migliorare la formazione ​e la trasmissione dei​ tassi di interesse orientati al mercato”.

The Euro held steady this morning in foreign exchange markets, trading at $1.0277 with a slight increase of 0.12% against the US dollar. It also experienced a minor decrease‌ of 0.11% against the Japanese Yen,⁢ settling at ¥161.5400.

simultaneously occurring,the Chinese Yuan experienced significant volatility,dropping to its lowest point against the US dollar as November 2023. The⁢ currency is currently trading at $0.1368, marking⁣ a decline of 0.13%.

Turkish Inflation Eases ‍in December

inflation in⁤ Turkey cooled more than anticipated in December, falling to 44.4% year-on-year from 47.1% in November. On a monthly basis,the⁢ consumer price index rose 1.03%,‍ down from 2.24% ‌in the previous month. Both figures exceeded analysts’ ‌forecasts.

U.S. ‍Steel Acquisition Blocked by Biden

President joe Biden is expected to halt the proposed $14.9 billion‍ acquisition ⁢of U.S. Steel by Nippon Steel, ‍according‍ to two government sources cited by the *Washington Post*.​ The white ⁢House is expected to announce the‍ decision⁣ later today, barring a last-minute change of heart.⁣ This significant move could strain relations​ between Washington and tokyo, but the *Post* reports that Biden remains steadfast ⁣in his decision. The decision to block this considerable investment from a major Japanese company signals a potential shift in the Biden administration’s ‌approach to foreign investment in key industries.

Monte dei Paschi di Siena (MPS) will be‍ redeeming a €400 million Tier 2 bond early on January 22, 2025.

The move⁤ is⁢ in line with the bank’s funding plan and has been authorized by the European Central Bank (ECB). The bond,⁢ known as “400,000,000 8,000 per ⁣cent. ​Reset Callable Subordinated Notes,” was originally issued to ⁢institutional investors.

Holders of the bond will receive full repayment at par, plus any accrued and unpaid interest up to the early redemption date.

## analysis of the Financial News Piece



This financial news piece presents⁤ a snapshot of global financial markets on ‌January 3rd, 2025. It covers a range of topics, ⁣highlighting:



**Economic Trends:**



* **Unemployment figures:** Spain shows a‍ meaningful‍ advancement in unemployment⁣ numbers, reaching a 17-year low. Germany maintains a stable unemployment rate.

* **Banking Sector M&A⁣ Anticipation:** Italian banking stocks show‍ activity, fueled by Unicredit’s bid for Banco Bpm and speculation about potential mergers‍ and acquisitions.

* **Gas Prices:** Gas prices drop ‌slightly but remain above €50.



**Market ‌Performance:**



*‌ **Milan stock Exchange:** A decline is observed, ⁤attributed to concerns⁣ over tariffs and weakening economic growth in China, impacting primarily the automotive ⁢and luxury​ sectors.​

* **European Markets:** mixed results ⁣with Frankfurt edging‌ up, while london and Paris see minor‌ declines.

* **Asian Markets:** Mixed performance, with gains in ‍Hong Kong and Seoul countered by losses in Shanghai, Shenzhen, and Mumbai.



**Other News:**



* **China’s Monetary Policy Reform:** The People’s Bank ⁤of China is preparing to ⁤shift its monetary policy,⁣ emphasizing interest rate control and‌ moving away from‍ quantitative loan targets.



**Key Themes:**



* **Merger and Acquisition activity:** The banking sector ⁣is⁤ witnessing increased interest in ⁤mergers and acquisitions, primarily driven by Unicredit’s​ pursuit of Banco Bpm.

* **Global Economic Concerns:** Investor sentiment is cautiously navigating potential trade tensions ​fueled by US tariffs and signs of a ‌slowdown in the Chinese economy.

* **Energy Market Volatility:** gas prices remain subject to fluctuations influenced by geopolitical factors like the halted ‍flows via​ Ukraine.



**Overall Impression:**



The piece reflects a climate of cautious optimism mixed with uncertainty. Despite positive​ economic indicators in Spain and potential upswings in the banking sector, concerns surrounding global trade and China’s economic trajectory ⁢weigh on investor sentiment. ⁢







Let me know⁤ if you have⁤ any‍ other questions or need further analysis of specific aspects.