Current situation of European markets
Yesterday saw a weak trend for European markets, with Piazza Affari closing down 1.3% to 33,758 points. This decline was partly influenced by the drop in the dividend of ten Ftse Mib companies, an event that has historically had a negative impact on equities. Among the securities that showed a positive performance, banks stand out, with Banco Bpm increasing by 3.4%, followed by Banca Popolare di Sondrio and Bper, which recorded an increase of 2.4% and 2.3% respectively. On the contrary, Diasorin fell by 2.6%, together with Interpump and Stm, which saw a decline
of 2.5% and 2.1%.
Next economic appointments
Yesterday was marked by a limited number of economic appointments, but attention now turns to the report of the European Central Bank (ECB) scheduled for today, which will provide guidance on wage negotiations. In addition, the final eurozone inflation figure will be another focal point for investors. On Wednesday, the market will focus on UK inflation and Nvidia’s quarterly report, while on Friday the preliminary PMI indices for November will attract the attention of analysts. These events could further influence market trends, making the coming days crucial for investors
.
Bond and Commodity Market Analysis
In the bond market, the Btp-Bund spread remains stable in the 120 basis points area, with the Italian 10-year yield of around 3.57%, while the German benchmark is at 2.37%. This scenario suggests some stability, but also a continued attention on the part of investors to government bonds. As far as raw materials are concerned, Brent oil has exceeded 73 dollars per barrel, while gold has seen an increase, reaching 2,610 dollars an ounce. These movements in the commodity markets can influence investment decisions and investor hedging strategies.
Focus on OVS and its recent operations
Another point of interest is represented by OVS, which recently announced the purchase of 256,510 treasury shares as part of its repurchase program, corresponding to 0.088% of the share capital. The transaction was carried out at an average price of 2.8573 euros per share. Despite this strategic move, the OVS stock declined by 2.16% on the stock market, stabilizing at 2.896 euros per share. This trend highlights the challenges that the company is facing in the current environment, but also the desire to strengthen its position on the market through the repurchase of
shares.