Table of Contents:
Development of the European stock markets
The closing of the Old Continent stock lists showed a mixed picture, with Piazza Affari closing below parity. The Ftse Mib recorded a decline of 0.6%, to 35,854 points. Among the stocks in evidence, Prysmian gained 3.4%, followed by Interpump and Leonardo, both up 1.6%.
On the contrary, A2A and MPS fell, by 2.95% and 2.3%, respectively.
Focus on American quarterly reports
An element of interest for investors is represented by the American quarterly reports, with Netflix surprising the market with record results. This has fueled optimism, especially in the technology sector, where artificial intelligence is gaining more and more attention. The announcement of a joint venture between SoftBank Group, OpenAI and Oracle to finance AI infrastructure in the United States has further stimulated interest, with an expected initial investment of 100 billion dollars, expected to increase fivefold over time
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Trade uncertainties and statements by the ECB
Despite positive signs, uncertainties on the trade front remain high. The former president of the United States, Donald Trump, has threatened to introduce tariffs on all products from China starting in February, creating concerns among investors. In this context, the president of the ECB, Christine Lagarde, expressed confidence in the return of inflation to 2% and stressed the importance for Europe to prepare for possible US tariffs.
On the bond front, the Btp-Bund spread fell to 107 basis points, with the Italian bond at 3.59% and the German one at 2.52%.
Commodity and forex trends
Commodities showed interesting movements, with Brent oil fluctuating around 79 dollars per barrel and gold reaching 2,759 dollars an ounce. In the currency market, the euro/dollar remains above 1.04, while the dollar/yen rises to 156.5, pending the BoJ meeting scheduled for this Friday. Finally, in the cryptocurrency world, Bitcoin stands at 104 thousand dollars
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Future Perspectives
With the positive opening of Wall Street, thanks to solid quarterly results and the decline in Treasury bond yields, enthusiasm for technological securities, in particular those linked to artificial intelligence, continues to grow. Investors are looking with interest at future developments, hoping that trade uncertainties can be mitigated by
more favorable policies.
