Table of Contents:
Closing in no particular order for European stock exchanges
In the last session of a week marked by significant events, the European stock exchanges closed in no particular order. At Piazza Affari, the Ftse Mib ended almost unchanged, with an increase of 0.12% to 36,471.75 points.
Among the stocks in evidence, the rebound of Stm stands out, which gained 2.9% after the crash of the previous session, influenced by the accounts of Apple and Intel on Wall Street.
Securities performance and sector analysis
In addition to Stm, Leonardo and Prysmian also recorded good performances, with an increase of 2.2% and 1.3% respectively. However, not all the news is positive: Iveco and Campari saw their shares fall, with losses of 1% and 1.2%. This scenario reflects a week of volatility, in which concerns about the technology sector have been tempered by solid forecasts from big
tech.
Economic Indicators and Future Prospects
A key element of the week was the release of the core PCE, a crucial inflation indicator for the Federal Reserve. This index showed stable annual growth at 2.8%, in line with expectations, offering some comfort to investors regarding a possible rise in inflation. In Germany, harmonized consumer prices increased by 2.8% year on year, confirming the estimates and the trend of the
previous month.
Next events to monitor
Looking ahead to next week, the focus will be on American labor market data and eurozone inflation. In addition, the US ISM indices and Chinese SMEs will be published, while the Bank of England meeting will take place. The quarterly season in the United States will come to an end, while that of Piazza Affari will come alive, promising further interesting developments
for investors.
Bond markets and commodities
In the bond market, there was a slight increase in the spread to 109 basis points, with the Italian 10-year yield falling to 3.55% and the German Bund to 2.46%. As far as commodities are concerned, Brent oil traded around 76 dollars per barrel, while gold set a new record above 2,800 dollars an ounce.
In the currency market, the euro/dollar remained at 1.039, while the dollar/yen increased to 154.9.
Cryptocurrencies and Wall Street performance
Finally, in the cryptocurrency world, Bitcoin has exceeded 105 thousand dollars. On the opening day of Wall Street, markets showed signs of optimism, thanks to Apple, which registered an increase of 3.8% after the publication of the quarterly results. Despite the decline in iPhone sales and the decrease in sales in China, the company provided optimistic guidance for the next quarter, highlighting a significant increase in service revenues
.
