Feb 04, 2026
3 min read
Yesterday, following Anthropic's announcement of new artificial intelligence solutions, investor nervousness spread through the software sector.Heavy price fluctuations... -04 February 2026 at 08:41 - MarketScreener Italy
The financial markets have been flirting with radicalization for a few days now.The increase in volatility illustrates this perfectly, without anyone really knowing which came first, the chicken or the egg.However, what we do know is that plans are increasingly being directed in the direction of Manichaeism.Investors sell hard and buy hard.In fact, they sell more than they buy.
The results are staggering: -9% in France for Capgemini and Publicis.-20% in the US for PayPal and Gartner.-14% for Relx and -13% for the London Stock Exchange.Behind these strong movements hide two independent forces.
On the one hand, corporate earnings.When volatility is high and investors are nervous, reactions to quarterly results can be brutal.Publicis and PayPal paid the price.
On the other, the wrong line of the horizontal line is a "dispute" .aanthropic ".aanthropic.Exchange, Exrian, etc.).Width, the software is completed (Salefor, Adobe, and the other), and other unique privilege.
Since ChatGPT has entered human daily life (end of 2023), everyone has expressed their views on the economic winners and losers of artificial intelligence. Both lists are constantly changing.more or less got the message, but the industry is often overwhelmed by advanced technology.
With its new tool, Anthropic clearly says to these professionals: hey, I'm going to your area and I have all the possibilities to do it.Software analysts tend to minimize the effect, with phrases like "we already knew", "they have more competitive advantages than you think", "LLM these players need to make their offers more reliable", "they advertise a lot, but we don't know the real effect" etc.In any case, this episode allays the lingering fears of investors.Adobe has fallen 22% since January 1st.Salesforce -26%.Capgemini -14%.Constellation Software, the Canadian benchmark for software investments, -31%.
The Nasdaq 100 of software and services companies fell 1.55% yesterday.The specific loss of the S&P 500 reached 0.84%.Indexes in Europe fared better, but were supported by defensive sectors: consumer discretionary, energy, utilities and basic materials.As of January 1st, the two most efficient sectors of the old continent and basic materials and energy are them.When uncertainty overwhelms intangibles, goods provide certainty.It's a topic we've discussed before in a geopolitical context characterized by a race for fossil fuels that continues to have strong tailwinds.
The day will be dominated by corporate earnings.Novartis;UBS Group;GSKInfineon,Equinor and Crédit Agricole will release their results in Europe this morning.Novo Nordisk released its results yesterday evening and was met with a very negative reception.
Alphabet, Eli Lilly, AbbVie, Costco, Uber, Qualcomm, Boston Scientific and Arm Holdings will be the big players in New York.Among artificial intelligence barometers, AMD was disappointed last night (-8% after closing), but Super Micro (+7%) was confirmed.I don't know what to think of this combination.
On the macroeconomic front, the alliance / oat spreading is changing, oil is rising again due to the provocations between Iran and the United States in the Persals have stopped after recent changes.This has gained salted the Party of Prime Minister Sania Tanichi is expected to win in the elections the weekend, and exacerstary the road for a more economy support of policy.In the United States has been poliled rail, endend the Law who ended the little encounter who begged Saturday.The markets will focus on the report of activities ADP, as statistical companies confirmed on Monday that they will not be able to publish the monthly work report for January Friday.The ISM jobs index will also attract a lot of attention after the recovery of the country's manufacturing sector.
In the Asia-Pacific region, the US software cleanup of the previous day did not cause much noise.Japan is still down 0.8%, but other markets are more resilient.South Korea rose 1.5%, Australia 0.8% and Taiwan 0.3%.India assimilates the previous day's strong gains (-0.1%).Leading indicators are slightly bearish in Europe, but the busy schedule of morning earnings could still change the picture.
Today's financials:
On the agenda: Jones' speech from the RBA in Australia;PMI services in Spain and Italy;annual and monthly inflation rates as well as core inflation in the euro area;annual and monthly inflation rates in Italy;in the United States, the 30-year MBA mortgage rate changes, ADP employment changes, ISM services, and EIA oil and gasoline inventories.Complete program here.
- Skin / Splint: 1.18 Splint
- Hinta: 5 081,84 USD
- Brent Petroleum: $67.53
- United States 10 years: 4.28%
- Bitcoin: 76,480.7 USD
- Leonardo: signed a letter of intent with Indonesia for the supply and support of M-346 F Block 20 aircraft, which contribute to the modernization of the Indonesian Air Force.
- Eni and Q8: resume their partnership to build a new biorefinery in Priolo, Sicily, with a capacity of 500,000 tons per year.
- Amundi: Due to the distribution agreement with UniCredit, an outflow of 16 billion euros was recorded in 2025, but assets under management reached a record level of 2,380 billion euros.
- Newcleo: closed a 75 million euro financing round for the development of the fourth generation of small module cores.
- Pop Sondrio: closed 2025 with a net profit of 648 million euros, up 12.7% and is preparing to merge with Bper.
- Intesa Sanpaolo recorded a 9.3 billion euro lottery win in 2025 and presented a new plan with growth targets until 2029.
- DiaSorin: FDA approval requested for rapid molecular test for group A streptococcus.
- Banca Mediolanum: ended 2025 with net profit up 11% to €1.24 billion and will distribute €924 million in dividends.
- Leonardo: Signed a memorandum of understanding with Adani Defense & Aerospace to develop the helicopter ecosystem in India.
- Lloyds Banking plans to increase lending to corporate clients and expand its offering to financial institutions, reports the Financial Times.
- Shell has agreed to sell 20% of the shares of the Eureka project in deep waters of Brazil to Kuwait's Foreign Oil Exploration Company.
- Glencore has agreed to sell a 40% stake in operations in the Democratic Republic of Congo to a US-backed consortium for about $9 billion.
- Drax Group has developed a research system that can lead to over 350 redundancies.
- BAE Systems has been awarded a $195 million contract for 30 additional amphibious combat vehicles.
- Novo Nordisk fell in New York after a very bearish 2026 forecast.
- UBS beat expectations with a profit of $1.2 billion in the fourth quarter.
- Infineon reported revenues of EUR 3.662 billion in the fiscal first quarter.
- TomTom expects its revenue to decline or be flat in 2026, and to grow in 2027.
- Banco Santander buys US Webster Financial for 10 billion euros.
- Nestlé removes baby laktopulvoro de la marko Guigoz el la franca marketato.
- AMS-Osram has sold its sensor division to Infineon for 570 million euros.
-Process signed a three-year deal with AWS to provide intelligence in Latin America, Europe and India.
- Securitas acquires Liferaft, a leading provider of SaaS threat intelligence platforms.
- US stocks rose after the close with the following gains: Lumentum (+8.5%), Take-Two (+5%), Emerson (+3%)…
- US stocks fell after the following closed earnings: AMD (-8%), Chipotle (-6%), Mondelez (-4%), Corteva (-3%)...
- Acoter, Ford are negotiating with Geely to allow Chinese equipment to use its buildings in Europe.
- The Financial Times has learned that Texas Instruments is in talks to buy Silicon Laboratories.
- The Financial Times reports that the sale of Nvidia AI chips to China has been blocked by a US security investigation.Nvidia is also reportedly close to investing $20 billion in OpenAI.
See more news about companies listed in Italy
Analyst recommendations:
- Free BPM.P.A: sanpalo Insides to keep recommendations renewed in the target Theme 13.70 goal of
- Intesa Sanpaolo S.p.a.: DZ Bank AG Research maintains its buy recommendation and increases the target price from EUR 6.20 to EUR 6.60.
- Salvatore Ferragamo S.p.a.: BNP Paribas maintains its Outperform Rating and raises its price target from 5.70 to 5.80 USD.
- Reply S.p.a
- Ferrari N.: BNP Paribas lowered its target price to 381 euros from 399 euros.
- Antofagasta Plc: Canaccord Genuity downgrades from Buy to Hold with an increased price target to GBX 4100 from GBX 3165.
- Essilorluxottica: Citi maintains its buy recommendation and reduces its target price from 339 coins to 315 coins.
- BOLIDEN: Pareto Securities maintains the HOLD recommendation and raises the target price from 490 to 601 SEK.
- Dassault Syst's if: Santanda Sanander Mander cut from €38.75 to €36.82 to survive the fight.
- Sartorius Ag: Goldman Sachs maintains a neutral rating and lowers its price target from €227 to €214.
