A moderate start for European stock exchanges
The European stock exchanges opened the session with a weak trend, in a context of waiting for significant events. At Piazza Affari, the Ftse Mib is around parity, showing a slight decline of 0.1%. This decline is partly attributable to the drop in the coupon of important companies such as Enel and Snam, which led to a technical drop in the index of
about 0.36%.
Among the stocks in evidence, the positive performances of Iveco and Unicredit stand out, both growing by 1%. On the contrary, Telecom Italia registered a decline of 1.5%, highlighting the volatility of the market in this phase of
uncertainty.
Focus on Trump and international relations
A key element that holds the table is Donald Trump’s inauguration in the White House, which has attracted great attention. The president-elect has begun talks with Chinese leader Xi Jinping, fueling optimism about a possible improvement in relations between the United States and China. This development could have significant repercussions on global markets, affecting investor decisions
.
In addition, the Davos forum, which begins today, represents another opportunity for discussion on crucial economic and political issues. Investors will closely follow the speeches of world leaders and the economic prospects that will emerge from this meeting
.
Economic indicators and financial markets
In the
coming days, attention will also focus on the PMI indices of the main economies, on the US quarterly reports and on the Bank of Japan meeting. These events could further influence market dynamics and investor expectations.
As far as the bond market is concerned, the Btp-Bund spread remains stable at around 110 basis points, with the yield on the Italian bond set at 3.63% and the German one at 2.53%. This scenario reflects some stability, despite geopolitical tensions and economic uncertainties
.
In the commodities sector, Brent oil stands at 80.6 dollars per barrel, while gold remains above 2,700 dollars an ounce, highlighting the interest of investors in safe haven assets in a context of volatility. In the currency market, the euro/dollar exceeds 1.03, while the dollar/yen remains above 156, pending the BoJ meeting scheduled for Friday
.
Finally, in the cryptocurrency world, Bitcoin has reached a new record of more than 109,000 dollars, fueled by expectations of new measures for digital assets by the Trump administration. This development could mark a significant change in the cryptocurrency landscape and attract the attention of investors and analysts
.