EU and US futures are mixed during London hours. NASDAQ 100 Futures - 1.20%, S&P 500 Futures -1.10%, DAX Futures +0.00%, FTSE MIB -0.10%.
Great recovery yesterday of the US stock market with the indices that even closed in the green. This is due to the fact that the tensions are in Europe, and the United States could also benefit from this chaos. Analyzing macro data in the US, yesterday the GDP figure, which confirmed the forecasts with + 7%, did not impress.
In Europe, eyes are on Ukraine. According to international media reports, Russian ground troops are twenty kilometers away from Kyiv and tonight thousands of people slept in subway stations for fear of bombing.
Joe Biden announced the second round of economic sanctions on Russia last night. There are no measures regarding oil exports, those that Ukraine has strongly demanded and that the United States has decided not to take for the time being.
Blocking the flow of Russian oil could push crude oil prices even higher and push inflation even higher. Analyzing the macro data, still excellent data for Germany, with the annual GDP that marks +1.8% against forecasts of 1.4%.
Hot Stocks and Instruments
Alibaba (NYSE:BABA) -3% on the day of the presentation of the quarter's data. Revenues were up 10% year-over-year, less than expected. The net result is better than forecasts.
DAX: Excellent data for Germany with GDP that beat the forecasts.
Leonardo (OTC:FINMY): Airbus (OTC:EADSY) and the organization for cooperation in the field of armaments (OCCAR) have signed the contract for the construction of the Euromale European military drone in which Leonardo participates and plans to produce some of the components in the Grottaglie plant in Puglia.
Conclusions
On Alibaba, as expected, data released yesterday were disappointing. The revenue figure was negative with growth proceeding at a much slower pace than expected. The stock at the moment is not worth more than 100, I will evaluate a purchase only in the $ 90 area.
Regarding the Dax, Europe is currently penalized by the Ukrainian conflict, but the latest Macro data are very positive, Germany is a candidate to emerge from the pandemic as one of the strongest countries.
Furthermore, the conflict will lead to a more accommodating ECB regarding the rise in rates and purchases of government bonds. I have already made some short trades, and in the next few days, I will open a long-term position on the DAX Future with new highs as targets, which will arrive in the summer.
On Leonardo, there was good news, as mentioned in previous articles, the stock is healthy, with excellent growth prospects. War is always good for these industry stocks.