Table of Contents:
An uncertain start for European markets
Today, European markets, including Piazza Affari, showed a cautious start, with the Ftse Mib opening just above parity, but is currently down 0.2% to 33,160 points. At the top of the list is Saipem, which continues to arouse interest among investors. This trend reflects the general uncertainty that characterizes the markets in this period, influenced by various economic and geopolitical factors
.
Focus on Nvidia’s results
A key element that has caught the attention of investors is Nvidia’s quarterly report, which exceeded expectations with strong growth numbers. However, despite the positive results, the market does not seem to be completely satisfied with the guidance provided for the current quarter. In the afterhours, Nvidia’s stock fell by about 2%, a sign that analysts and operators are cautiously evaluating the company’s future prospects in the artificial intelligence sector
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The Federal Reserve’s statements
Another factor that influenced market trends was the statement by Michelle Bowman, member of the Federal Reserve board. Bowman emphasized the need to adopt a more cautious approach to monetary policy, citing the uncertainty surrounding economic data and the multiple variables that could influence future conditions. These words come a week after the statements of Governor Jerome Powell, who said that there is no hurry to lower interest rates. These statements have helped to keep investor attention high on the future direction of American monetary policy.
Trend in bond and commodity markets
In the bond market, the Btp-Bund spread showed an increase, reaching 125 basis points, with the Italian 10-year yield of around 3.61% and that of the German benchmark at 2.36%. This scenario highlights some tension in the government bond market, reflecting investor concerns about economic stability. As far as raw materials are concerned, Brent oil remains at 73.5 dollars per barrel, while gold continues to gain ground, reaching 2,664 dollars an ounce, a sign of a growing demand for safe haven assets in times of
uncertainty.
The cryptocurrency market and car registrations in Europe
In the cryptocurrency market, Bitcoin is getting closer and closer to the 100,000 dollar mark, trading at 97,000 dollars shortly after 9. This upward trend has attracted the attention of investors, who see Bitcoin as an attractive investment opportunity. In addition, the latest ACEA indications on car registrations in Europe for the month of October show a slight increase, suggesting a gradual recovery of the automotive sector, which could be a
positive sign for the European economy.
