Table of Contents:
Overview of European markets
Today saw a positive session for European stock exchanges, with particular attention paid to tensions in Ukraine and Nvidia’s financial results. At Piazza Affari, the Ftse Mib closed 0.2% higher, reaching 33,294 points.
Among the titles in evidence, Leonardo (+ 1.95%), Saipem (+ 1.9%) and Unipol (+ 1.65%) stand out, while Nexi (-3.25%) and Telecom Italia (-1.7%) recorded a decline.
Geopolitical tensions and impacts on markets
The escalation of tensions between Russia and Ukraine has had a direct impact on markets, contributing to rising oil and gold prices. The Brent future reached 73.9 dollars per barrel, while the price of gold touched 2,667 dollars an ounce. These developments have prompted investors to remain cautious, closely monitoring the geopolitical situation
.
Nvidia results and market reactions
Despite an exceptional quarterly report, Nvidia didn’t completely convince investors, with shares showing an increase of 4.8% after a negative start. The company’s forecasts are higher than the average of analysts’ estimates, but geopolitical tensions continue to influence market sentiment. Investors are waiting for the Federal Reserve‘s next interest rate decisions, which could have a significant impact on financial markets.
Economic Indicators and Consumer Confidence
On
the macroeconomic front, mixed news has arrived. In the United States, claims for unemployment benefits fell by 6,000, bringing the total to 213,000, a value lower than expected. In contrast, sales of existing homes showed an increase of 3.4%, exceeding expectations. However, consumer confidence in the eurozone fell to -13.7 points, signaling a climate of uncertainty
among European citizens.
Future prospects and attention to the PMI indices
With the markets that continue to monitor the moves of the next American president Donald Trump, the focus is on the data on the PMI indices of the main economies, expected tomorrow. These indicators will provide additional insights into global economic health and could influence investor decisions.
Meanwhile, the Btp-Bund spread has widened to 124 basis points, with the Italian 10-year period at around 3.56% and the German benchmark at 2.32%.
