Table of Contents:
A cautious start for European stock exchanges
European stock exchanges, including Piazza Affari, have shown a cautious start, with the Ftse Mib standing at around 33,750 points. Among the titles in evidence, Recordati and Hera registered an increase of 1.1%, while Diasorin gained 1%. This scenario reflects some uncertainty among investors, who are waiting for clearer signals from the markets and from the incoming economic data
.
The banking sector under pressure
The banking sector experienced sales, with Banco Bpm losing 1.3%, followed by Banca Popolare di Sondrio (-1.2%), Bper (-0.9%) and Unicredit (-0.7%). These movements are indicative of some caution among investors, who could be influenced by current economic news and monetary policies. The day promises to be crucial, with the publication of the European Central Bank (ECB) report on wage negotiations and the final reading of eurozone inflation, which should confirm
the annual rate of 2%.
Waiting for economic data and quarterly reports
Tomorrow, the focus will shift to UK inflation and to Nvidia’s quarterly report, expected in closed markets. On Friday, investors will focus on November’s preliminary PMI indices, which will provide further guidance on the region’s economic health. In this context, market participants are waiting for clarification on Donald Trump’s next political moves, which could further influence the
markets.
Falling returns and stability in Forex
In the European bond market, yields are falling, with the Btp-Bund spread remaining in the 119 basis points area. The Italian 10-year yield is currently around 3.53%, while the German benchmark stands at 2.34%. On the commodity front, Brent oil remains above 73 dollars per barrel, while gold rises to 2,610 dollars an ounce. In the currency market, the euro/dollar exchange rate is substantially stable at 1.058, while the dollar/yen stands at 154.5. Finally, among cryptocurrencies, Bitcoin remains close to 92,000 dollars, signaling a constant interest in digital assets
.
