Table of Contents:
Current situation of European markets
Today saw a weak trend for European markets, with Piazza Affari closing down 1.3% to 33,758 points. This decline was influenced by the dividend gap of ten Ftse Mib companies, which had a significant impact on market performance. Despite the general decline, some stocks showed positive performance, in particular banks such as Banco Bpm, Banca Popolare di Sondrio and Bper, which recorded increases of 3.4%, 2.4% and 2.3% respectively.
Telecom Italia also saw an increase of 2.1%. In contrast, stocks such as Diasorin, Interpump and Stm experienced significant declines, with losses ranging from
2.1% to 2.6%.
Next economic appointments
The market is preparing for a week full of economic events, with particular attention to the European Central Bank (ECB) report scheduled for tomorrow, which will deal with wage negotiations. In addition, the final eurozone inflation figure will be another focal point. On Wednesday, attention will shift to UK inflation and to Nvidia’s quarterly report, while preliminary data on November’s PMI indices are expected on Friday. These events could further influence market trends, making investors cautious and attentive to incoming news
.
Commodity and Forex trends
In the commodities sector, Brent oil exceeded 73 dollars per barrel, while gold saw an increase, reaching 2,610 dollars an ounce. These increases can be attributed to geopolitical factors and to expectations of an economic recovery. In the currency market, the euro/dollar exchange rate appreciated at 1.057, while the dollar/yen stood at 155. Cryptocurrencies, especially Bitcoin, have shown signs of recovery, rising to $92,000. Investors are closely monitoring these developments, as they can have a significant impact on investment decisions and trading strategies
.
Focus on OVS and business performance
OVS recently announced the purchase of 256,510 treasury shares, representing 0.088% of the share capital. The transaction was carried out at an average price of 2.8573 euros per share, leading the company to currently hold 15.8790% of its share capital. However, despite this purchase, the OVS stock declined by 2.16% on the stock market, stabilizing at 2.896 euros per share. Investors are closely watching the moves of the ECB and the Fed, with interventions expected by Christine Lagarde and Jerome Powell,
which could further influence the market.
Xiaomi’s financial results and Eurozone trade balance
In the third quarter, Xiaomi reported a 9.9% increase in net profit, reaching 5.35 billion yuan, thanks to strong sales in the smartphone, Internet services and electric vehicle sectors. Total revenues increased by 30% to 92.51 billion yuan, exceeding analysts’ forecasts. In addition, in September, the Eurozone’s trade balance surplus reached 12.5 billion euros, exceeding expectations. Exports saw a slight increase, while imports fell. These data suggest a certain resilience of the European economy, despite global challenges
.
