Table of Contents:
Early closing and market performance
Today, Wall Street saw an early closure, with the financial markets ending their activities at the local level, corresponding to those in Italy. This custom occurs every year after Thanksgiving, a time when investors reflect on the results obtained in
the month of November.
Stock indices on the rise
The three main US stock indices, the Dow Jones, the S&P 500 and the Nasdaq, are about to conclude a positive week.
Currently, the Dow Jones rose 1%, while the S&P 500 and Nasdaq gained 0.5% and 0.4%, respectively. This positive trend is particularly significant, considering that November saw strong growth after the re-election of Donald Trump to the presidency of the United States
.
November results and future expectations
The month of November brought remarkable results for the markets. The Dow Jones recorded an increase of more than 7%, marking the best month since November 2023. The S&P 500 and Nasdaq also saw gains of more than 5%. At today’s opening, the Dow Jones rose 65.37 points (+0.15%), the S&P 500 gained 5.79 points (+0.10%) and the Nasdaq rose 20.43 points (+0.11%). These results indicate growing confidence among investors and stability in the markets.
Commodity market and strategic collaborations
In the commodities market, the price of WTI oil at Nymex increased by 0.70%, reaching $69.20 per barrel. However, oil is heading for a negative week, influenced by the postponement of the OPEC+ meeting and the reduction of tensions in the Middle East. In addition, PostePay and Amazon have announced a strengthening of their collaboration to improve the online shopping experience. Thanks to new solutions, such as the automatic recharge of prepaid cards, customers can complete purchases more easily and securely, thus consolidating PostePay’s position in the digital payments sector in Italy
.
Development of Canadian GDP and Italian industry
In an international context, Canada recorded GDP growth of 1% in the third quarter of 2024, in line with analysts’ forecasts, but below the Bank of Canada’s expectations. September’s GDP showed an increase of 0.1 percent compared to August, with forecasts of a further increase of 0.1 percent for October. On the other hand, the Italian industry declined, marking the fifth consecutive decline. The data show a decrease of 0.3% in value and 0.1% in volume compared to the previous month, with an annual decline of 5.7% in value and 4.7% in
volume.
