Table of Contents:
Current situation of European stock exchanges
The Old Continent stock exchanges are showing a cautious trend, in particular the Ftse Mib in Piazza Affari, which marks almost zero change, reaching 34,500 points with a slight drop of 0.1%. Among the best performing securities, Unipol stands out with an increase of 0.5%, while Prysmian and MPS recorded losses of 1.4% and 0.9% respectively. This stability scenario is influenced by the wait for the presidential elections in the United States, an event that could have significant repercussions on
global markets.
Expectations for central bank decisions
Investors’ focus is not only on voting in the US, but also on the meetings of central banks, in particular the Federal Reserve and the Bank of England, both scheduled for Thursday. The Fed is expected to announce a 25 basis point cut in interest rates, while the Bank of England could follow with a 0.25% reduction. These decisions are expected with great interest, since they could influence the cost of money and, consequently, the trend of the financial markets
.
Macroeconomic indicators and commodity trends
Today, the release of the ISM Services Index, a key indicator for evaluating the health of the US economy, is expected to be published. Meanwhile, the quarterly season continues both in Europe and in America, with investors analyzing company results to draw guidance on future prospects. On the bond front, the Btp-Bund spread remains stable at around 127 basis points, with the Italian 10-year yield rising to 3.69% and that of the German benchmark to 2.42%. As far as raw materials are concerned, Brent oil has exceeded 75 dollars per barrel, supported by the decision of OPEC+ to postpone the removal of supply cuts, while gold shows a slight decline, falling to 2,733 dollars an
ounce.
Currency exchange rate trends
In the currency market, the euro/dollar exchange rate remains stable in the 1.089 area, while the dollar/yen is above 152. These movements are indicative of an environment of uncertainty, in which investors are trying to position themselves in view of significant economic events. The caution is palpable, and market participants are prepared to react to any development that may affect their investment strategies
.
